Adobe’s Board of Directors Elects Adobe CEO Shantanu Narayen as Chairman
February 01 2017 - 4:05PM
Business Wire
Adobe (Nasdaq: ADBE) today announced that its Board of Directors
has elected Shantanu Narayen as Chairman of the Board. Narayen will
continue in his role as President and CEO of Adobe and succeeds
Co-Chairs and Co-Founders of the company, John Warnock and Chuck
Geschke, who will remain on the Board.
The company also announced that board member Jim Daley, a
35-year Price Waterhouse veteran and prior CFO of a publicly traded
technology company, has been named Lead Director to ensure
continued sound corporate governance. Daley has been a board member
since 2001 and was formerly the head of the audit committee.
Narayen’s vision and leadership drove Adobe’s transformation
from a packaged software provider to one of the world’s largest and
most diversified cloud companies. In 2009, Adobe acquired Omniture,
launching what is now a multibillion-dollar digital marketing
category and business for Adobe. In 2011, Adobe moved its highly
profitable creative software business to a software-as-a-service
(SaaS) model, becoming the first packaged software company to
successfully pivot to the cloud. Adobe is now transitioning its
documents business—based on its PDF standard—to a cloud services
model with its Document Cloud.
“We are delighted that Shantanu Narayen, who has repeatedly
demonstrated that he has the vision and capacity to lead Adobe into
the future, will be the next chairman of Adobe,” said John Warnock
and Chuck Geschke. “You cannot imagine how proud we are of our
employees and the company that we have all built.”
“Adobe’s co-founders John Warnock and Chuck Geschke have been
instrumental in shaping Adobe’s innovation agenda and our unique
culture for decades,” said Shantanu Narayen, Adobe president and
CEO. “I’m grateful to John and Chuck for their ongoing counsel and
for entrusting me with the leadership of the amazing company they
founded.”
About Adobe Systems Incorporated
Adobe is changing the world through digital experiences. For
more information, visit www.adobe.com.
© 2017 Adobe Systems Incorporated. All rights reserved. Adobe
and the Adobe logo are either registered trademarks or trademarks
of Adobe Systems Incorporated in the United States and/or other
countries. All other trademarks are the property of their
respective owners.
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AdobePublic Relations ContactDan Berthiaume,
408-536-2584dberthia@adobe.comorInvestor Relations
ContactMike Saviage, 408-536-4416ir@adobe.com
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