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Adobe CEO Shantanu Narayen to Step Down Dec 1; Anil Chakravarthy Named Successor

Adobe chairman and CEO Shantanu Narayen will step down as CEO on December 1 after 29 years at the helm, the company said. Anil Chakravarthy, currently president of Customer Experience Orchestration, will succeed him as CEO and join the board, while Narayen moves to executive chairman. Chakravarthy said he is honored to lead Adobe in the era of Agentic AI, adding that the company will keep deepening its leadership in creativity, productivity and customer experience.

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AI take

A founder-era CEO handing off to an internal operator is a succession story, not a strategy pivot — but the framing matters. Chakravarthy's own language centers on Agentic AI, signaling that Adobe's next chapter is being pitched as an AI execution question rather than a creative-tools one. The open question is whether an internal promotion preserves continuity in the customer-experience business, or whether the board expects the new CEO to reposition Adobe's core franchises around agentic workflows.

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