Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor.
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Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor. 26 May 2026 10:15PM (Updated: 26 May 2026 11:09PM) Add CNA as a trusted source to help Google better understand and surface our content in search results. May 26: 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 per cent. They have declined more than 3 per cent 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. The company has been ramping up investment in AI, including Dropbox Dash, which connects apps such as Google Workspace and Slack to help manage files. Before joining Dropbox in 2024, Alkarmi held product leadership roles at Vimeo, Amazon and Meta Platforms. "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. Houston will transition into the role of executive chairman after being with the company for nearly two decades, the company said. The move gives Dropbox a chance "to refocus in this fast-evolving cloud storage market," said Brandon Carnovale, a...
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