00:00It's Benzinga bringing Wall Street to Main Street.
00:03Adobe named Anil Chakravarty as its next president and CEO,
00:07succeeding Shantanu Narayan, according to CNBC.
00:11Chakravarty will take the helm on December 1st
00:14and join Adobe's board after nearly seven years at the company.
00:18He previously served as president of Adobe's customer experience orchestration
00:23and worldwide field operations.
00:25Narayan will become Adobe's executive chair
00:28and work with incoming CEO Anil Chakravarty
00:31during the transition after leading the company for 18 years.
00:35The leadership change comes as Adobe shares face pressure
00:39from investor concerns that artificial intelligence
00:42could disrupt software makers.
00:44Adobe stock has fallen 18% in 2026
00:47after declines of 25% in 2024 and 21% in 2025.
00:53Shares fell about 2% in extended trading Thursday.
00:56Adobe executive David Wadwani also announced
00:59that he will leave the company.
01:01For all things money, visit Benzinga.com.
