India, March 13 -- Adobe Inc. Chief Executive Officer Shantanu Narayen is set to step down from his position after 18 years amid scepticism about the company's ability to sustain in the AI era. Narayen, in a note to employees, announced that he will remain in the position until his successor is identified. Microsoft CEO Satya Nadella shared a special post following the announcement, expressing his appreciation for Narayen's "friendship and mentorship".

"Congrats Shantanu, on a legendary run at Adobe! You've built one of the most important software companies in the world, and expanded what's possible for creators, entrepreneurs, and brands everywhere. What has always stood out to me is the empathy you've brought to the creative process an...