Adobe CEO Narayen joins Dell board

Adobe CEO Shantanu Narayen was appointed to Dell's board of directors.

Dell said in a statement that Narayen will replace Bank of America executive Sallie Krawcheck. Narayen's appointment is effective immediately. Krawcheck is resigning to focus on being president of Global Wealth and Investment Management for Bank of America.

Narayen will expertise to help Dell deliver better information technology products and services. Narayen will face a formal vote at Dell's next shareholder meeting.