Thursday, October 06, 2005

Software: Senior Adobe Execs to Leave

Adobe shakes up its management in the midst of its merger with Macromedia.
By Priya Ganapati
October 6, 2005

As Adobe inches closer to completing its acquisition of Macromedia the company said three senior Adobe executives will leave the company by the end of the year as five Macromedia execs come on board.

Those leaving include Adobe’s senior vice president of human resources, Theresa Townsley, Digital Imaging Chief Bryan Lamkin, and Ivan Koon, senior vice president of the intelligent documents business unit.

The announcement reflects a changing power structure within Adobe as it prepares to complete the merger. “It looks like the Macromedia people are dominating the integration process,” said Samuel Saunders, an analyst with Fulcrum Global Partners, a securities firm based in New York City.

More at Red Herring Online



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