Adobe hands CEO job to Anil Chakravarthy in a bid to steer under-pressure software business amid AI competition - The Economic Times

Adobe appointed company insider Anil Chakravarthy as its new chief executive. He takes over from Shantanu Narayen, who led the company for eighteen years. Chakravarthy faces intensifying competition from artificial intelligence rivals. Adobe's shares have declined as investors worry about AI's business disruption. The company is embedding AI across its product lineup to counter these concerns.

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