NasdaqGS:DBXSoftware
Dropbox Leadership Shakeup Puts Product Focus And Valuation In Spotlight
Dropbox (NasdaqGS:DBX) has appointed Ashraf Alkarmi as Co-CEO and Board Member, as part of a planned leadership transition.
Andrew Houston will move into the Executive Chairman role. At that point, Alkarmi is expected to become sole CEO.
Michael Torres has been hired as Chief Product Officer, bringing experience from senior roles at Alphabet and Amazon.
For investors tracking Dropbox at a share price of $26.49, these executive changes arrive after mixed medium term returns. The stock is up...