Shantanu Narayen has stepped down as Adobe CEO. Software firm Adobe has announced that Shantanu Narayen, who has served as CEO of the company for 18 years, has decided to transition from his position as CEO after a successor has been appointed. Adobe develops tools for digital creativity, document management and marketing, used by professionals…
Outgoing Adobe CEO Shantanu Narayen Adobe’s long-serving CEO, Shantanu Narayen, will leave his role once a successor is appointed, the design software maker said on Thursday, sending its shares down over 7% in extended trading on renewed worries around its strategy as it grapples with AI disruption. Narayen’s exit from the role comes after he served…
Marvell shares ripped 20% higher on Friday as the company posted an earnings beat and issued strong guidance, expecting robust artificial intelligence demand to continue. The semiconductor company reported adjusted earnings of 80 cents per share for the quarter, exceeding the 79 cents per share expected by analysts polled by LSEG. The company reported $2.2…
Nqobile Hadebe, incoming CEO of Swerfvalk. Aerospace technology company Swerfvalk has appointed Nqobile Hadebe as CEO and equity shareholder, in a move that reinforces the company’s positioning as a women-owned, women-led technology firm. It says the appointment comes as Swerfvalk advances development of hydrogen-powered unmanned aerial vehicle (UAV) platforms and artificial intelligence (AI)-orchestrated drone ecosystems…
Spar Group has revised its SAP roll-out strategy, separating its finance systems migration from distribution centre operations in an effort to reduce disruption – a move that comes as the wholesaler faces a R168.7-million lawsuit from a major franchisee family over the original botched implementation. In a trading update on Monday, Spar said the amended…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire was a net seller of stocks in Buffett’s final quarter as CEO Zoom In IconArrows pointing outwards Berkshire has sold Apple shares…
Anusha Naidu, new CEO of SAVCA. The SA Venture Capital and Private Equity Association (SAVCA) has appointed Anusha Naidu as its new chief executive officer, effective 1 March. Naidu joins SAVCA from her role as corporate finance and ESG executive at Select Africa, African Alliance, where she served on the group executive committee and led…
Meta CEO Mark Zuckerberg said in a Wednesday court testimony that he reached out to Apple CEO Tim Cook to discuss the “wellbeing of teens and kids.” The comments came after the defense lawyer Paul Schmidt pointed to an email exchange between Zuckerberg and Cook from February 2018. “I thought there were opportunities that our…
H.E. Mahmoud Ali Youssouf, Chairperson of the AU Commission, received H.E. @APRM_MarieRose, CEO of the African Peer Review Mechanism (@APRMorg) at the AU Headquarters this morning. The Chairperson commended APRM’s mandate in promoting democratic governance, transparency, & peer accountability across Member States, & applauded Amb. Rose & her team for the successful convening of the…
BCX CEO Jonas Bogoshi Telkom’s enterprise IT subsidiary BCX will lose its CEO, Jonas Bogoshi, who is set to retire from the role, with Telkom Group veteran Hasnain Motlekar stepping in as acting CEO from 1 March 2026. Bogoshi’s departure, disclosed in Telkom’s third-quarter trading update on Monday, comes at a challenging time for BCX,…
