Dropbox CEO Andrew Houston to step down, be succeeded by insider Ashraf Alkarmi
Dropbox CEO Andrew Houston will step down, with Ashraf Alkarmi set to succeed him as the sole chief executive after a transition period. Alkarmi, who has been with the company since 2024, previously held leadership roles at Vimeo, Amazon, and Meta Platforms. Dropbox's shares have seen a decline this year, and the company recently reported first-quarter revenue that exceeded analysts' expectations.
- ▪Andrew Houston will step down as CEO of Dropbox.
- ▪Ashraf Alkarmi will succeed him as the sole chief executive after a transition period.
- ▪Dropbox's shares have fallen over 3 percent this year.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountDropbox DBX-Q said on Tuesday that CEO and co-founder Andrew Houston will step down after a transition period, promoting insider Ashraf Alkarmi to co-CEO ahead of his succession as the sole chief executive.The file hosting service provider’s shares fell more than 1 per cent in early trading. They have fallen over 3 per cent this year.Following a transition period, Alkarmi will become sole CEO and Houston will move into the role of executive chairman.“AI is changing what’s possible, and our customers are going to see a very different Dropbox – faster, smarter and built around the way they actually work,” Alkarmi said.Alkarmi is stepping into the role after serving as general manager of the company’s core…
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