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flag Adobe CEO Shantanu Narayen to step down after 18 years, with stock dropping on leadership and AI competition concerns.

flag Adobe CEO Shantanu Narayen announced he will step down after 18 years, with a successor to be named by the board, which has formed a special committee to lead the search. flag Narayen will remain as chair to ensure a smooth transition. flag Despite strong financial results—including 12% revenue growth and tripled AI-first product revenue—Adobe’s stock dropped in after-hours trading amid investor concerns over leadership uncertainty and competition in the AI space. flag The company, which transformed from software licensing to a subscription model under Narayen, continues to focus on AI-driven innovation.

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