BusinessQuiet 70d · day 71
Adobe names new CEO, passes over expected successor; stock falls
Adobe's leadership change draws investor concern as the company promotes an unexpected choice over the presumed heir apparent.
What to know
- Adobe named a new CEO on September 3, choosing an unexpected candidate over the widely presumed successor.
- The passed-over executive is leaving the company.
- The stock declined immediately following the announcement, signaling investor skepticism about the choice.
Adobe Company announcing CEO transition
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