Adobe CEO Shantanu Narayen Tells Employees He Will Step Down Once Successor Is Named

On March 12, 2026, Adobe Inc. confirmed a major leadership change that could reshape the tech giant’s future. After 18 years as CEO, Shantanu Narayen announced he will step down once a successor is appointed. Narayen will stay on as chair of the board during the transition, easing concerns about a sudden exit. The move comes as the company faces rising pressure from AI‑driven competitors and shifting market trends.