President to take helm
Last modified on Wednesday, 14 November 2007 04:39
Adobe's CEO, Bruce Chizen, has quit his job and will be replaced by its President and Chief Operating Officer, Shantanu Narayen, next month. Narayen has been President and COO of the maker of the popular Photoshop, Flash and Acrobat programs for almost three years, having joined the company as Vice President and General Manager of Engineering.
Wall Street was unhappy about the loss of Chizen, a blunt-speaking executive known for keeping Adobe's morale high. He had been CEO for seven years while the company made record profits. He told AP that he was stepping down "to take a break," as he wished he had done something more with his life other than work at one company.