Chizen out at month's end as Adobe CEO

Adobe CEO Bruce Chizen will step down from his post at the end of the month, the company said Monday.

Effective Dec. 1, President and Chief Operating Officer Shantanu Narayen will take over as CEO of the software company and also join its board of directors. Chizen will serve the remainder of his term on the board through the second quarter of 2008 and continue as a strategic advisor for the company until the end of Adobe's fiscal year 2008, which goes through early December of the calendar year.

Adobe appointed Chizen CEO in 2000; he joined the company in 1994. During his time as top executive of Adobe the company purchased Macromedia in 2005, making it a leader in the market for providing development and design tools for building rich Internet applications.

(More to follow)

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