CEO of Cloud Storage Pioneer Dropbox to Step Down After 19 Years

Dropbox beat guidance on both revenue and operating margin in the first quarter.
CEO of Cloud Storage Pioneer Dropbox to Step Down After 19 Years
Drew Houston, Dropbox CEO, speaks onstage during the HumanX AI Conference 2025 at Fontainebleau Las Vegas on March 10, 2025. Big Event Media/Getty Images for HumanX Conference
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Cloud storage pioneer Dropbox said on May 26 that its CEO and co-founder, Drew Houston, will step down after 19 years at the helm.

The file-hosting service provider will promote its chief product officer, Ashraf Alkarmi, to co-CEO. Following a transition period, Alkarmi will become the sole chief executive.

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Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."