1216 ET - The retirement of Adobe's chief executive may be a sign that AI is creating a bigger change in the business, UBS analysts say. The analysts were surprised that creative head David Wadhwani wasn't immediately named the successor to Shantanu Narayen. They think this introduces some departure risk. The analysts mention the departure of Workday CEO Carl Eschenbach as a potential parallel. In that case, Eschenbach's exit ushered in a pivot in Workday's strategy from a sales-driven to an AI-first product approach. "The departure of the CEO might reflect (as did the Workday CEO departure) that AI is shifting the business," the analysts say. Shares down 6.7% to $251.69 in midday trading. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

March 13, 2026 12:16 ET (16:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.