Adobe Names Anil Chakravarthy CEO as CFO Search Continues

Insider Monkey·6 Sep 2026·

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Adobe has named Anil Chakravarthy as its next president and CEO, effective December 1, 2026, succeeding Shantanu Narayen, who will become executive chair. Chakravarthy, an insider who joined in 2020, currently leads the Customer Experience Orchestration Business and worldwide field operations. The announcement comes ahead of Adobe's fiscal third-quarter earnings call on September 10, with Stifel analyst Parker Lane reiterating a Hold rating and a $200 price target, implying about 25% downside. Meanwhile, the CFO role remains interim, with Steven Day serving after Dan Durn's departure to Marvell Technology. Adobe's Q2 revenue reached a record $6.62 billion, up 13% year-over-year, and its AI-first ARR tripled to exceed $500 million, while hedge fund holdings dipped slightly to 81 funds.

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Adobe names insider Anil Chakravarthy as next CEO effective Dec 2026, succeeding Narayen, while CFO role stays interim and Stifel reiterates Hold with $200 target.