Adobe CEO steps down

From the Wall Street Journal:

Adobe Systems Inc. announced a surprise change to its top leadership at a critical time, as the software maker begins to adapt to new ways that people are using the Web.

The company yesterday said Chief Executive Bruce Chizen will leave the post at the end of this month, to be replaced Dec. 1 by Shantanu Narayen, currently Adobe’s president and chief operating officer. Mr. Chizen will serve the rest of his term on Adobe’s board until the spring of 2008 and will act as an adviser to the company until Nov. 28, 2008.

The group think is that the change in leadership is a sign Adobe is trying to speed its migration from shrink wrap to web apps. As video applications and content are among the most bandwidth and resource intensive, we’ll be among the last to see the fruits of such an endeavor.

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