India, March 13 -- After 18 years at the helm, leading nearly 100 earnings calls in the time and transforming Adobe in more ways than one, CEO Shantanu Narayen is ready to hand over the reins. The longtime CEO has announced his decision to step down, in a memo to employees earlier today, with the onus now on the Board of Directors to identify a successor. Post the transition at a future date, Narayen says he will stay on as Chair of the Board to help the new CEO - he remembers the past, noting Adobe co-founders John Warnock and Chuck Geschke supported him with the transition.

Narayen is confident about Adobe's journey. "The opportunity in front of us is extraordinary. Together, we are uniquely positioned to lead it - and I remain deeply ...