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
Adobe is changing the world through digital experiences. For more
information, visit www.adobe.com.
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