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    "headline": "Adobe Appoints Anil Chakravarthy as New CEO Amid AI Push",
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    "prose": "Adobe announced on Thursday that Anil Chakravarthy will become its next president and chief executive officer, succeeding Shantanu Narayen. [^1]\n\nAdobe appointed Anil Chakravarthy as its new president and CEO, effective December 1, replacing outgoing CEO Shantanu Narayen. [^2]\n\nAnil Chakravarthy will take over as CEO and join Adobe's board on December 1, while Shantanu Narayen will transition to executive chair. [^3]\n\nChakravarthy, currently president of Adobe's Customer Experience Orchestration business and worldwide field operations, will focus on driving growth in 'agentic software'. [^4]\n\nFollowing his departure as CEO, Shantanu Narayen will assume the new position of executive chair at Adobe. [^5]\n\nShantanu Narayen, who currently serves as the CEO of Adobe, will be replaced in that role by Anil Chakravarthy. [^6]\n\nThe appointment of Anil Chakravarthy as CEO is scheduled to become effective on December 1. [^7]\n\nAdobe shares fell 25% in 2024 and another 21% in 2025, totaling a decline of over 60% in recent years. [^8]\n\nInvestors are worried that generative AI tools could erode demand for subscription software, causing a wider retreat among software peers. [^9]\n\nThe board said a special committee conducted a six-and-a-half-month selection process before unanimously approving the appointment. [^10]",
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