Adobe (ADBE) Names Dan Durn As CFO

By Amit Chowdhry ● Oct 1, 2021
  • Adobe (Nasdaq:ADBE) announced the appointment of Dan Durn as executive vice president and chief financial officer (CFO). These are the details.

Adobe (Nasdaq:ADBE) announced the appointment of Dan Durn as executive vice president and chief financial officer (CFO), effective October 18, 2021. And Durn will assume the CFO role from Adobe executive vice president and CFO John Murphy – who announced his retirement earlier this year.

Durn is going to report to Adobe president and CEO Shantanu Narayen and will oversee Adobe’s Accounting, Business Operations and Pricing, Financial Planning and Analysis, Financial Reporting, Investor Relations, Internal Audit, Payroll, Procurement, SEC Reporting, Tax, and Treasury functions.

Durn is joining Adobe from Applied Materials, where he has been CFO since 2017. And he has extensive expertise in global strategy, financial planning and operations, and mergers and acquisitions, and decades of experience in the technology industry.

Durn also previously worked as executive vice president and CFO at NXP Semiconductors N.V. following its merger with Freescale Semiconductor. Prior to Freescale, Durn was CFO and executive vice president of finance and administration at GlobalFoundries, and served as managing director, head of mergers and acquisitions and strategy at Mubadala Technology Fund. Before that, Durn was vice president of mergers and acquisitions in the technology practice at Goldman Sachs & Company.

KEY QUOTE:

“We’re excited to have Dan Durn join Adobe as Executive Vice President and CFO. 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.” Narayen added: “I’d like to thank John Murphy for his many contributions to Adobe’s success and wish him well in his retirement.”

— Shantanu Narayen, president and CEO, Adobe