Adobe Names Anil Chakravarthy CEO But AI Fears Are Impacting the Stock

Adobe (ADBE) named Anil Chakravarthy as its next president and CEO on Thursday. He replaces Shantanu Narayen, who is stepping down after 18 years as AI concerns weigh on Adobe’s stock. Narayen will become executive chair and support Chakravarthy through the handover, which takes effect Dec. 1. Chakravarthy will also join Adobe’s board at that […]