Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor
Dropbox said on Tuesday that CEO and co-founder Andrew Houston would step down after a transition period and promoted insider Ashraf Alkarmi to co-CEO ahead of his succession as the sole chief executive.
The file hosting service provider’s shares fell nearly 2%. They have declined more than 3% this year.
Alkarmi has served as general manager of the company’s core products, including file sharing, e-signature tool Sign and document platform DocSend.
