StockDriftsADOBE INC. · ADBE · 8-K · Filed
CEO Shantanu Narayen to transition to Executive Chair, Anil Chakravarthy to CEO
Source: SEC EDGAR, accession 0000796343-26-000144 · Items 5.02, 7.01, 9.01
What did ADOBE INC. announce?
Adobe announces CEO Shantanu Narayen will become Executive Chair, with Anil Chakravarthy appointed as the new CEO and Board member, effective December 1, 2026.
Adobe's Board of Directors appointed Anil Chakravarthy as President and Chief Executive Officer, effective December 1, 2026. Chakravarthy currently serves as the company's President, Customer Experience Orchestration Business. He will also join the Board of Directors on the same date.
Current Chair and CEO Shantanu Narayen will transition to the role of Executive Chair of the Board, also effective December 1, 2026. Narayen will retire from his CEO position at that time. The filing indicates that this leadership change was not a result of any external arrangement.
In a related development, David Wadhwani, President of the Creativity & Productivity Business, notified Adobe of his decision to step down from his role, effective September 27, 2026. Wadhwani will remain with the company in a senior advisor capacity for a transition period.
The company plans to file an amendment to this report to provide information regarding compensatory arrangements for the officers involved within four business days of that information becoming available. Adobe issued a press release on September 3, 2026, announcing these changes.
Key details
- Anil Chakravarthy, current President, Customer Experience Orchestration Business, will become President and CEO.
- Shantanu Narayen, current Chair and CEO, will transition to Executive Chair of the Board.
- The changes are effective December 1, 2026.
- David Wadhwani, President, Creativity & Productivity Business, will step down effective September 27, 2026.
Why it matters
This 8-K reports a change in the executive team at ADOBE INC.. The likely share-price reaction reads as neutral.