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ADOBE
APPOINTS SHANTANU NARAYEN AS CEO
San Jose, California, November 12, 2007
Adobe
Systems Inc. today announced its Board of Directors haD appointed
current president and chief operating officer Shantanu Narayen as
its president and chief executive officer, effective December 1,
2007. Narayen also joins Adobes Board of Directors. He replaces
Adobe CEO Bruce Chizen. Narayens promotion reflects Adobes
strategy to ensure a planned succession of the companys senior
leadership.
Shantanus
extensive knowledge of our products and platforms, customer experience
and exceptional operational leadership make him the ideal choice
to lead Adobe as CEO, said Chizen. For me personally,
the time is right for a transfer of leadership and I look forward
to supporting Shantanu as he takes on his new responsibilities.
"I
am honored to assume the leadership of Adobe and to continue to
carry on the legacy of Bruce and our founders, John and Chuck,
said Narayen. "I look forward to continuing Adobes tradition
of technology leadership and innovation, and helping the company
achieve its next phase of growth.
ABOUT
SHANTANU NARAYEN
In
his current role as president and COO, Narayen leads the companys
day-to-day global operations; sets Adobes long-term market
strategies; and oversees all product research and development, worldwide
sales, corporate strategy and investments, and corporate and product
marketing. Together with Chizen, Narayen spearheaded the acquisition
of Macromedia, Inc. in 2005, expanding Adobes software platform
and solutions and strengthening the companys presence in key
markets ranging from video to enterprise software to mobile solutions.
Narayen
joined Adobe in January 1998 as vice president and general manager
of Adobes engineering technology group. In January 1999, he
was promoted to senior vice president, worldwide products and in
March 2001 he was promoted to executive vice president, worldwide
product marketing and development. In January 2005, Narayen was
promoted to president and chief operating officer. Prior to joining
Adobe, Narayen co-founded Pictra Inc., a digital photo sharing software
company, in 1996. Previously, he was director of desktop and collaboration
products at Silicon Graphics Inc. and held various senior positions
at Apple Inc.
Narayen
holds five patents and is a frequent speaker at industry and academic
events. He serves on the Board of Metavante Technologies, Inc. and
the Advisory Board of the Haas School of Business, University of
California at Berkeley. Narayen holds a bachelor’s degree in electronics
engineering from Osmania University in India, a master’s degree
in computer science from Bowling Green State University and a master’s
degree in business administration from the Haas School of Business.
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