Shantanu Narayen, Adobe's Indian-American CEO, to step down after 18-year stint

Shantanu Narayen, the Indian-American chief executive of Adobe, is stepping down after an 18-year tenure. The company announced his departure, marking the end of a long leadership era for the software giant.

Narayen, who took the helm in 2007, oversaw Adobe's transformation from a traditional software vendor to a cloud-based subscription model. Under his leadership, the company expanded its product portfolio and grew its market presence significantly.

The transition comes as Adobe prepares for new leadership. The company has not yet named a successor, but the board is expected to conduct a search both internally and externally.

Narayen's tenure included major acquisitions such as Magento and Marketo, and the company's stock price rose substantially during his time as CEO. He will remain in an advisory role to ensure a smooth handover.