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Adobe Names Anil Chakravarthy CEO as AI Pressure Mounts

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Adobe is transferring top control after Shantanu Narayen’s 18-year tenure, naming Anil Chakravarthy as president and CEO. The change, one of the largest leadership overhauls ever, arrives as investors weigh how generative AI could disrupt Creative Cloud’s recurring revenue. Analysts have also probed Adobe’s vulnerability and Citi reset its stock price target.

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