Adobe (Nasdaq:ADBE) today announced the appointment of John Murphy as
executive vice president and Chief Financial Officer (CFO), effective
April 9, 2018. Murphy will assume the CFO role from Adobe EVP and CFO
Mark Garrett, who announced
his intent to retire earlier this year. Murphy will 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.
Currently Adobe’s SVP, Chief Accounting Officer and Corporate
Controller, Murphy has more than 25 years of experience and an extensive
background in financial planning and operations, management, and
strategy, along with deep knowledge of the technology industry. Prior to
his role at Adobe, Murphy was SVP and Chief Accounting Officer and
Controller at Qualcomm, leading the global financial planning,
accounting, reporting, and shared services operations. Previously he
spent 10 years at DIRECTV, ultimately leaving the company as SVP and
Chief Accounting Officer and Controller. Murphy also held senior
financial positions at Experian and Nestlé and began his professional
career at PWC. He has an M.B.A. from the University of Southern
California’s Marshall School of Business and a B.S. in Accounting from
Fordham University and is a licensed CPA (inactive).
“We’re excited to have John Murphy step up into the CFO role and
continue to drive Adobe’s strong revenue growth and profitability,” said
Shantanu Narayen, president and CEO, Adobe. “John’s extensive financial
experience, strong leadership and commitment to ethical standards make
him the ideal choice to drive Adobe’s continued momentum.” Narayen
added: “I’d like to thank Mark Garrett for his significant contributions
to Adobe’s success.”
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Adobe
Public Relations Contact
Dan Berthiaume, 408-536-2584
dberthia@adobe.com
or
Investor Relations Contact
Mike Saviage, 408-536-4416
ir@adobe.com