Adobe announced last week that Dan Durn has been appointed Chief Financial Officer with effect 18 October 2021. He will take over from John Murphy, whose retirement had been announced earlier in the year. Durn will oversee all of Adobe's financial functions, including financial planning and analysis, business operations and pricing, and investor relations. He will report directly to Adobe CEO Shantanu Narayen.
Durn has two decades of experience in the technology industry, and has served as CFO of three different semiconductor companies: GlobalFoundries, Freescale Semiconductor, and NXP Semiconductors after that firm acquired freescale. He is currently CFO of materials engineering firm Applied Materials, a position he has held since 2017. Prior to semiconductors, he worked in the M&A business, specialising in technology firms. He was Head of Mergers and Acquisitions and Strategy at Mubadala Technology Fund, and before that Vice President of Mergers and Acquisitions in Goldman Sachs' technology practice.
Narayen said of the new appointment: “Dan has decades of experience in the technology industry and his extensive expertise in finance, operations and global strategy make him the ideal choice to drive Adobe’s continued growth and profitability.”