Adobe has promoted Shantanu Narayen, its president and CEO, as chairman of the Board.
The US-based technology company said Shantanu Narayen will continue in his role as president and CEO of Adobe.
Shantanu Narayen will succeed co-chairs and co-founders John Warnock and Chuck Geschke, who will remain on the Board.
Board member Jim Daley, a 35-year Price Waterhouse veteran, will be the lead director to ensure corporate governance.
The Cloud technology company noted that Shantanu Narayen’s vision and leadership drove Adobe’s transformation from a packaged software provider to one of the world’s largest and most diversified cloud companies.
In 2009, Adobe acquired Omniture, launching a multibillion-dollar digital marketing category and business for Adobe.
In 2011, Adobe moved its profitable creative software business to a software-as-a-service (SaaS) model, becoming the first packaged software company to pivot to the cloud.
Adobe is transitioning its documents business—based on its PDF standard—to a cloud services model with its Document Cloud.
“We are delighted that Shantanu Narayen, who has repeatedly demonstrated that he has the vision and capacity to lead Adobe into the future, will be the next chairman of Adobe,” said John Warnock and Chuck Geschke.
“Adobe’s co-founders John Warnock and Chuck Geschke have been instrumental in shaping Adobe’s innovation agenda and our unique culture for decades,” said Shantanu Narayen, Adobe president and CEO.