Adobe announces CEO transition, shares fall

Adobe announced CEO Shantanu Narayen will step down once a successor is named, coinciding with a drop in its shares.

Source: Reuters (via feed)




Adobe said on Thursday that chief executive officer Shantanu Narayen will transition from his position once a successor has been appointed.

The company did not provide further details in its announcement.

The statement was released without additional commentary.

BizTrendWire Insight:

Adobe’s announcement was limited to the CEO transition and did not include additional information.


Read full story on Reuters

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