Adobe names Anil Chakravarthy as its next chief executive officer. He is the current president of Adobe’s customer experience business and is set to succeed Shantanu Narayen.

The announcement is framed by outlets as a leadership transition as Adobe faces intensifying competition tied to artificial intelligence. Bloomberg characterizes the move as part of Adobe’s effort to maintain its position amid pressure from AI-focused rivals and upstarts. CNBC adds context that Narayen announced his planned departure last March, setting up the timing for the new CEO appointment.

While the sources agree on the names and roles involved, their emphasis differs: Bloomberg highlights the competitive AI landscape around Adobe’s strategy, whereas CNBC focuses more on the succession timeline from Narayen’s prior announcement. Other listings reiterate the appointment without additional detail.