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Adobe Announces Resignation of Chief Financial Officer


Adobe Systems Incorporated announced the resignation of M. Bruce Nakao, Senior Vice President and Chief Financial Officer, effective August 8, 1996. After 10 years with Adobe, Mr. Nakao has decided to resign from the Company in order to take the Chief Financial Officer position with Puma Technology.

As Adobe's first Chief Financial Officer, Mr. Nakao was responsible for taking the Company public in August 1986. He helped grow Adobe's revenue from $4 million in 1986 to over $750 million reported for fiscal 1995. In 1992, he was promoted to Senior Vice President. Charles M. Geschke, President of Adobe, will take over Mr. Nakao's responsibilities on an acting basis, while the Company conducts a search for a replacement.

"Bruce has managed the financial growth of Adobe from its IPO to present day with skill and creativity," said Mr. Geschke. "We wish Bruce every success in his new ventures."