MAM
Rajiv Lochan to lead all non-editorial operations of The Hindu and Group newspapers
NEW DELHI: The Hindu Group today announced that Rajiv C Lochan had been appointed as managing director and chief executive office of the group with effect from 1 June 2014.
According to the Board of Directors decision announced by the newspaper today, he will lead all non-editorial operations of the company and will join the Board of Directors of Kasturi and Sons Limited (KSL), publishers of The Hindu and Group newspapers.
KSL chairman N Ram and co-chairman N Murali said: “In this digital age when the Indian press, and specifically The Hindu newspaper group, faces radically new types of challenges and opportunities, when relevant and rich editorial content that continually engages a variety of readers and best editorial practices need to go hand in hand with a smart business strategy that thinks two steps ahead, operates with a progressive vision rooted in values, and balances its responsibilities of ensuring value to shareholders, a fair and just deal for employees, and sustained gains for readers, advertisers, and other partners in the business, we are confident that we have found the right person to head the non-editorial operations of the company.”
They added: “Rajiv brings to his challenging role as MD & CEO of KSL dynamism and social awareness combined with a winning record as a professional who has led in driving performance and transforming the culture of large organisations in step with rapidly changing times. We are excited about this change at the helm of our business operations.”
Lochan was a partner with McKinsey & Company and founding location manager of McKinsey’s practice in Chennai. His focus in McKinsey was to help leaders and leadership teams drive performance and cultural transformation of their organisations. In addition, he focused on the social sector, primarily rural economic development and financial inclusion.
Lochan is currently the trustee of IKP Trust and will continue to devote time to public health issues in rural India. He graduated from IIT, Madras and has advanced degrees from the Massachusetts Institute of Technology and Columbia Business School.
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Adobe CEO Shantanu Narayen to step down after 18 years in role
Board begins CEO search as Narayen prepares to move to chair role
SAN JOSE: After nearly two decades at the helm, Adobe’s long-serving chief executive Shantanu Narayen is preparing to pass the baton.
The company announced that Narayen will transition from his role as chief executive officer once a successor is appointed, ending an 18-year run that reshaped Adobe from a boxed software seller into a global cloud and AI powerhouse. He will remain chair of the board following the leadership transition.
Adobe’s board has formed a special committee to oversee the succession process, led by lead independent director Frank Calderoni. The committee will evaluate both internal and external candidates.
“Shantanu’s leadership has been instrumental in Adobe’s transformation and in positioning the company for the AI-driven era,” Calderoni said in a statement. “As we begin the next phase of succession planning, our focus is on identifying the right leader for the company’s next chapter while ensuring a smooth transition.”
In a note to employees, Narayen described the moment not as a farewell but as a pause for reflection after a long journey with the company.
“I love Adobe and the privilege of leading it has been the greatest honour of my career,” he wrote, adding that he will continue to work closely with the board over the coming months to ensure a seamless leadership change.
Tributes from the technology industry quickly followed the announcement. Microsoft chairman and chief executive officer Satya Nadella congratulated Narayen on what he described as a “legendary run” at Adobe.
“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,” Nadella wrote on LinkedIn.
“What has always stood out to me is the empathy you’ve brought to the creative process and the example you’ve set as a leader. Grateful for your friendship, mentorship, and for all you’ve done for Adobe and for our industry.”
Narayen’s career at Adobe spans nearly three decades. He joined the company in 1998 as vice president and rose steadily through the ranks before becoming chief executive officer in December 2007.
During that time, he orchestrated one of the most significant reinventions in the software industry. In 2013, Adobe made the bold decision to abandon traditional boxed software sales and move its flagship creative tools such as Photoshop to a subscription-based Creative Cloud model. The shift initially rattled investors but ultimately transformed Adobe into a predictable recurring revenue business and a case study in digital reinvention.
Narayen also pushed Adobe beyond creative tools into the world of marketing technology and data-driven customer experience, spearheading acquisitions such as Omniture and Marketo. Those moves helped build Adobe’s digital experience division and broaden its reach far beyond designers and photographers.
The numbers tell the story of that transformation. When Narayen took over in 2007, Adobe generated roughly $3 billion in annual revenue. Today the company reports more than $25 billion. Over the same period, its workforce expanded from around 3,000 employees to more than 30,000.
In recent years, Narayen has steered Adobe into the generative AI era with the launch of Adobe Firefly, aiming to keep the company ahead in a rapidly evolving creative technology landscape.
Born in Hyderabad in 1963, Narayen studied electronics and communication engineering at Osmania University before moving to the United States for a master’s degree in computer science from Bowling Green State University. He later earned an MBA from the Haas School of Business at the University of California, Berkeley.
Widely regarded as one of Silicon Valley’s most steady and effective leaders, Narayen has earned multiple honours during his career, including India’s Padma Shri in 2019.
For Adobe, the upcoming leadership change marks the end of a defining chapter. For Narayen, however, the story is far from finished. As he told employees, the company’s next era of creativity, powered by AI and new digital workflows, is only just beginning.
