Adobe CEO 'To Take A Break'

Bruce Chinzen will step aside; COO Shantanu Narayen will step up

By Lucas Laursen, Newser Staff

Posted Nov 13, 2007 10:52 AM CST

(Newser) – The popular CEO of Adobe Systems, Bruce Chinzen, will step down at the end of the month “to take a break.” President and COO Shantanu Narayen will replace him, though Chinzen will stay on temporarily as a half-time strategic advisor and remain on the board to ease the transition. Adobe’s stock prices dropped more than 5% on the news.

The move “has nothing to do with the state of the business. It has to do with Bruce and the next chapter in his life,” said one analyst. Adobe has seen double-digit growth the last five years under Chinzen’s stewardship. Chinzen, 52, said this would allow him to figure out what he wants to do with the rest of his life.

Software maker Adobe Systems Inc. CEO Bruce Chizen speaks at Web 2.0 conference in San Francisco, Oct. 17, 2007. Chizen said Monday he would step down, and President and Chief Operating Officer Shantanu... (Associated Press)

Adobe's Photo Elements software is displayed as customers shop at the Costco store, Tuesday, June 12, 2007, in Murray, Utah. (AP Photo/Douglas C. Pizac) (Associated Press)

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Adobe CEO 'To Take A Break'

Bruce Chinzen will step aside; COO Shantanu Narayen will step up

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Adobe CEO 'To Take A Break'

Bruce Chinzen will step aside; COO Shantanu Narayen will step up

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OTHER STORIES ON OUR RADAR

software • Photoshop • software developers • Adobe • Flash • Bruce Chinzen • Shantanu Narayen

MOST POPULAR STORIES

[ By Views ]

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More Newser Stories

Mideast Regimes Use US Software to Censor Web

Firms cite lack of control over how products are used

Apple Loosens Up on Apps

Restrictions lifted, guidelines published

Adobe Strikes Back In Flash Scuffle

Letter, newspaper ads refute Jobs' anti-Flash argument

Take That, Steve: Adobe Giving Workers Androids

The tech wars continue

Steve Jobs: Why I Hate Flash

Apple boss pens open letter to address controversy

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Newser By Users

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