Shantanu Narayen To Lead Adobe As CEO

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Adobe Systems has appointed the current president and COO Shantanu Narayen as its CEO w.e.f from December 1, 2007.

Adobe Systems has appointed the current president and COO Shantanu Narayen as its CEO. This will be effective December 1, 2007.

Narayen will however continue his responsibilities as the president and will also join Adobe's Board of Directors at that time. He replaces Bruce Chizen, CEO of Adobe. Chizen will serve the remainder of his term on Adobe's Board of Directors through the Spring of 2008 and continue in a strategic advisory capacity through the end of fiscal year 2008.

Commenting on the appointment, Chizen, said, "Narayen's extensive knowledge of our products and platforms, customer experience, and exceptional operational leadership make him the ideal choice to lead the company as CEO.

"I am honored to assume the leadership of Adobe, and look forward to continuing Adobe's tradition of technology leadership and innovation," said Narayen.

In his current role as president and COO, Narayen leads the company's day-to-day global operations; sets

Adobe's 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 in 2005 - expanding Adobe's software platform and solutions and strengthening the company's presence in key markets ranging from video to enterprise software to mobile solutions.