Adobe Systems Names ValueAct Capital’s Kelly Barlow to Board
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Adobe Systems Inc., the largest maker of graphic design software, added Kelly Barlow, a partner at investor ValueAct Capital Partners LP, to its board, expanding the number of directors to 13 from 12.
ValueAct, a San Francisco-based investment firm with more than $8 billion under management, has a 6.3 percent stake in the San Jose, California-based company. Adobe said in a filing that ValueAct owned 31.3 million shares as of yesterday, which would be worth $1.11 billion at today’s closing stock price.