<2>Adobe CEO to Step Down After 18 Years
<3>Shantanu Narayen, the CEO of Adobe, has announced that he will be stepping down after 18 years at the helm of the company. During his tenure, Narayen transformed Adobe from a boxed software company to a subscription-based model, focusing on the Creative Cloud application bundle. He will remain as the board chair as Adobe continues to push into generative AI products.
<3>Narayen’s Background
Narayen joined Adobe in 1988 as a vice president and general manager, and he became CEO in 2007. Under his leadership, Adobe shifted from software licenses to subscriptions, and the company is now working to expand through generative artificial intelligence. He sought to acquire fast-growing design software company Figma, but regulators pushed back, and the companies called off the deal, resulting in Adobe paying Figma a $1 billion breakup fee.
<3>Narayen’s Compensation
Narayen, 62, is lead independent director of Pfizer in addition to his responsibilities at Adobe, where he received $51 million in total compensation for the 2025 fiscal year, according to a filing. He owns $118 million in Adobe shares, according