Adobe CEO Shantanu Narayen is stepping down after 18 years.
Narayen told investors today that AI-first products “should be our next billion-dollar business,” and that he will leave the role he’s held since 2007 once the board names a successor. He’s overseen its Creative Cloud rollout, big bets on the future of AI, and its abandoned $20 billion attempt to acquire Figma.
TL;DR
- Adobe CEO Shantanu Narayen will step down after 18 years.
- He believes AI-first products should be the company's next billion-dollar business.
- Narayen's tenure included the Creative Cloud rollout and investments in AI.
- He oversaw the abandoned $20 billion Figma acquisition attempt.