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Shantanu Narayen to quit as Adobe's CEO amid AI disruption
Narayen will stay on as chair of the board to support the next CEO, the company said.
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Reuters - Thu, 12, Mar 2026
- 17:00 EDT
- 34
Adobe CEO to exit role / Wikipedia,Reuters
Adobe said on March 12 its chief executive officer Shantanu Narayen will transition from his position once a successor has been appointed, sparking uncertainty around the company's strategy as it grapples with heightened industry competition.
Shares of the company fell around 7.5 percent in extended trading.
Narayen's exit from the role comes after he served as the company's head for 18 years, during which he helped the company's flagship software such as Photoshop, Illustrator, Premiere Pro and InDesign become household products for creatives across the world.
Also read: Expanding AI creativity for millions of students across India: Adobe’s Shantanu Narayen
Narayen will stay on as chair of the board to support the next CEO, the company said.
Adobe is grappling with a changing software landscape, where artificial intelligence is lowering the barrier to entry for design and its dominant position in the industry is being threatened by newcomers embracing the technology.
Worries have also flared with the rise of new automated AI tools and agents that many fear would be able to disrupt traditional software subscription models and give way to quicker and cheaper ways of creating products.
Adobe's shares have fallen around 22 percent so far this year, reflecting investor apprehension over the firm's AI strategy and outlook.
The company also announced quarterly financial results, forecasting second-quarter revenue of between $6.43 billion to $6.48 billion, compared with estimates of $6.43 billion, according to data compiled by LSEG.
It reported first-quarter revenue of $6.40 billion, beating estimates of $6.28 billion.
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