Adobe announced changes to the company’s executive team by promoting Anil Chakravarthy and David Wadhwani for leadership roles.
Adobe has promoted Anil Chakravarthy, executive vice president and general manager, Digital Experience Business and Worldwide Field Operations, to President of Adobe’s Digital Experience business.
Adobe has promoted David Wadhwani, chief business officer and executive vice president, Digital Media, to President of Adobe’s Digital Media business.
Anil Chakravarthy and David Wadhwani will be responsible for the strategy and execution of their respective businesses. Adobe will invest in growth initiatives to accelerate its category-defining innovation and product leadership as the transition to a digital-first world continues.
Anil Chakravarthy joined Adobe in January 2020 as EVP and general manager of Adobe’s Digital Experience business, including Worldwide Field Operations. He led the acquisition and integration of Workfront. Under his leadership, Digital Experience segment delivered over $1 billion in revenue in the fourth quarter. Before joining Adobe, Chakravarthy was CEO of Informatica.
David Wadhwani returned to Adobe in June 2021 as EVP and chief business officer of the company’s Digital Media business. From 2010 to 2015, Wadhwani served as SVP and general manager of Adobe’s Digital Media business and played a key role in the company’s transformation to a cloud-based subscription business. Adobe’s Digital Media business delivered record Q4 revenue of $3 billion. Before rejoining Adobe, Wadhwani was CEO of AppDynamics.
Adobe also announced that Executive Vice President and Chief Technology Officer Abhay Parasnis will be leaving Adobe. Parasnis joined Adobe in 2015. Under his leadership, the company made significant technological strides in artificial intelligence with Adobe Sensei, the underlying framework for Adobe’s entire product portfolio.
Adobe reported financial results for its fourth quarter and fiscal year 2021 ended Dec. 3, 2021. Adobe achieved record revenue of $4.11 billion in its fourth quarter of fiscal year 2021, which represents 20 percent year-over-year growth.