Friday, September 20, 2024

Winner, Public Company, Large: Dan Durn, Adobe

 Dan Durn joined San Jose-based Adobe in October 2021, bringing with him deep experience in global strategy, financial planning, operations, mergers and acquisitions.

“What drew me to join was the visionary leadership, extraordinary talent, unparalleled innovation and massive market opportunity in front of us, given the increasing importance of digital content and data to global economic growth,” Durn said.

Adobe had record revenue of $19.41 billion in 2023, with growth in each of its core business segments. The company’s next milestone, Durn said, is to reach annual revenue of $30 billion.

“To achieve that milestone, my team and I continue to be strategic partners to our business leaders and product teams,” he said. “We do this by participating in product roadmap discussions and making strategic investments that profitably accelerate our growth while remaining financially prudent.”

Under Durn’s leadership, Adobe combined its finance and IT organizations into a single team, allowing the business to access data more quickly to make sound business decisions. “We’ve recognized that digitally enabling our business is about democratizing data inside the company, increasing the speed of information flow throughout our organization,” he said.

The company has also been investing in the addition of artificial intelligence capabilities to its products. Durn introduced a concept he calls “speed of execution” to help the company remain ahead of the curve in a rapidly changing market. “Adobe is a major player in AI and generative AI, and that comes with high expectations, both inside and outside the company,” he said. “To exceed expectations, we have adopted a new, shared mindset and vocabulary that empowers teams to execute even faster.”

It’s part of the continued evolution of the role of a chief financial officer, Durn said. “The future of finance is intrinsically connected to creating value for the company,” he said. “It’s our responsibility to push the company to drive strong market leadership and long-term growth while balancing those outcomes with financial discipline and operational rigor.”

Durn earned an MBA in finance from the Columbia Business School and graduated from the U.S. Naval Academy. He served in the Navy for six years, where a commanding officer was an important career mentor. The commanding officer taught Durn the importance of believing in yourself and others and that the best leaders are the best listeners.

Durn and his family support several charitable organizations, including the American Heart Association, Second Harvest and African conservation efforts.

Dan Durn, Adobe

Title: Chief Financial Officer and Executive Vice President, Finance, Technology Services and Operations

Tenure: October 2021 to present

Background: Applied Materials, NXP Semiconductors N.V., GlobalFoundries, Goldman Sachs

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