Adobe Names Kelly J. Barlow to its Board of Directors
SAN JOSE, Calif. -- December 05, 2012
Adobe Systems Incorporated (Nasdaq:ADBE) today announced the expansion of its
board of directors from 12 to 13 members, and the addition of a new board
member, effective Dec. 4, 2012.
Joining Adobe’s board is Kelly J. Barlow, a partner with ValueAct Capital who
also serves on the board of directors of KAR Auction Services, Inc. He
previously served on the boards of directors of Allscripts Healthcare
Solutions, Inc. and SIRVA, Inc.
“We are pleased that Kelly has joined our board of directors,” said John
Warnock and Chuck Geschke, co-chairmen of the board, Adobe. “His experience
and financial expertise will bring significant value to our board, and we look
forward to adding a strong shareholder perspective.”
“I’m pleased to join Adobe’s board of directors,” said Barlow. “It’s an
exciting time for Adobe as the company positions itself for long-term growth
and leadership in digital media and digital marketing. I’m looking forward to
working with the company’s leadership team and the board of directors, and
being part of the transformation of this iconic brand.”
Barlow has been a partner of ValueAct Capital, a San Francisco based
investment firm with over $8 billion under management, since 2003 and has led
many of the fund’s core investments. Prior to joining ValueAct, Barlow worked
at EGM Capital, where he served primarily as portfolio manager. Prior to EGM,
he worked at Wells Capital Management, a wholly-owned subsidiary of Wells
Fargo Bank. Barlow has a bachelor’s degree from California State University,
Chico and is a CFA charterholder.
About Adobe Systems Incorporated
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Adobe Systems Incorporated
Jodi Sorensen, 408-536-2084 (Press)
Mike Saviage, 408-536-4416 (Investor Relations)
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