Adobe Has Handed Over the CEO Job Once in 19 Years. Here's What the Stock Did After the Last Time.

Adobe announced that Anil Chakravarthy will become CEO on December 1, 2026, replacing Shantanu Narayen who will move to executive chair. This marks only the second CEO transition in 19 years. While the stock fell 6.7% on the announcement, the article argues that current conditions favor the new CEO more than the 2007 transition did, when the Great Recession caused a 50% stock decline within 12 months. The company now has stronger recurring revenue and a more stable business model than it did in 2007.