CEO Shantanu Narayen to transition after 18 years; search for successor launched

ADOBE INC.

Narayen notified Board of decision to step down as CEO; to remain Chair after successor named.
Board appointed Lead Independent Director Frank Calderoni to lead special committee for CEO search (internal/external).
Narayen will continue as CEO until successor is appointed; transition process is underway.
Adobe also reported record Q1 FY2026 financial results (press release titled 'Adobe Delivers Record Q1 Results').

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