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Adobe names insider Anil Chakravarthy as CEO on Dec. 1

Adobe Inc. will shift Shantanu Narayen to executive chair and appoint insider Anil Chakravarthy as president and CEO on Dec. 1.

ADBE

Adobe Inc. (ADBE, Financials) is handing over its number one post to an insider during a tough stretch for the software firm.Shantanu Narayen, who has headed Adobe for almost 18 years, will shift to executive chair and Anil Chakravarthy will replace him as president and CEO on Dec.

1.The move comes…