Adobe CEO Departs Amid AI Pressure, Sales Forecast Weak

Adobe CEO Shantanu Narayen will step down after nearly two decades leading the company. The move comes as Adobe seeks a new leader to navigate the evolving landscape of artificial intelligence. Narayen, who has overseen a significant transformation of the software giant over the past 18 years, will remain in his position until a successor is appointed. A special committee has been formed by Adobe’s board to consider both internal and external candidates. The announcement follows a strong first-quarter earnings report, with Adobe citing record revenue growth driven by AI. However, concerns remain regarding the company’s ability to thrive amidst emerging automated AI tools and agents. Adobe has offered cautious guidance for the second quarter as it prepares for this leadership transition and continued focus on AI integration.