Shantanu Narayen announced he will step down as CEO of Adobe once a successor is appointed, ending an 18-year tenure during which he transformed the company from boxed software to the Creative Cloud subscription model. Narayen said he will remain board chair as Adobe continues pushing into generative AI products. CNBC reports: Narayen joined Adobe in 1988 as a vice president and general manager, and he became CEO in 2007. Under Narayen, Adobe pushed from software licenses…

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