Adobe names Anil Chakravarthy as CEO, replacing Shantanu Narayen

In this article ADBE Adobe on Thursday named Anil Chakravarthy as its next CEO, succeeding Shantanu Narayen, who announced he would step down earlier this year.

Chakravarthy, who most recently served as president of Adobe's customer experience orchestration and worldwide field operations, will take the helm Dec. 1, the company said.

He will also join Adobe's board. Narayen will become executive chair and "work closely" with Chakravarthy during the transition, Adobe said. Narayen said last March he would leave his role after joining the company in 1998 and serving as the head of Adobe for 18 years.

"Adobe's opportunity ahead is limitless with our track record in creating new market vategories and world-class products," Narayen said in a statement. "Anil is an experienced transformational leader who leads with values, integrity and a deep knowledge of our business." Shares of Adobe fell about 2% in extended trading.

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