Adobe Names Anil Chakravarthy CEO; President David Wadhwani to Step Down
ADBE sits 35% above its 52-week low of $190.12.
Summary
Adobe's board appointed Anil Chakravarthy as CEO effective December 1, 2026, and disclosed that President David Wadhwani will step down September 27, 2026.
Key Events · Executive and Board Changes · ADBE
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CEO Transition Confirmed
Anil Chakravarthy, currently President of Customer Experience Orchestration, becomes President and CEO effective December 1, 2026, and joins the board. Shantanu Narayen retires as CEO and becomes Executive Chair.
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Second Leadership Departure
David Wadhwani, President of Creativity & Productivity Business, will step down effective September 27, 2026, remaining as a senior advisor during a transition period.
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Q3 Earnings Call Scheduled
Adobe will host its Q3 FY2026 earnings call on September 10, 2026 — two days after this filing — providing the first opportunity for management to address the leadership changes.
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Prior Disclosure Context
The CEO appointment was previously announced via press release on September 3, 2026; this 8-K adds the Wadhwani departure not previously disclosed.
Analysis · ADBE · Technology
Adobe formalizes its leadership transition: Anil Chakravarthy becomes President and CEO on December 1, 2026, with Shantanu Narayen moving to Executive Chair. The new material fact is the departure of David Wadhwani, President of the Creativity & Productivity Business, effective September 27, 2026 — a second senior leadership change in the same announcement. Wadhwani's exit removes the executive overseeing Adobe's core creative products just as the company pivots toward AI-driven agentic software, adding execution risk during the transition.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ADBE was trading at $256.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $102.3B. The 52-week trading range was $190.12 to $370.86. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.