Dropbox hires Avalara president for CFO role
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Dropbox hires Avalara president for CFO role. Ross Tennenbaum will take over as finance chief of San Francisco-based Dropbox after it reported a sales dip last month. Dive brief: * Dropbox has appointed Ross Tennenbaum, president of tax compliance software firm Avalara, to become its new CFO, effective Dec. 16, according to a Wednesday announcement. * Tennenbaum will succeed Tim Regan who has decided to resign after more than five years as CFO and nine years with the company overall, the cloud-based file hosting service provider said in a securities filing and accompanying blog post. * "Ross brings a strong combination of financial acumen, operational experience, and deep knowledge of the tech landscape, and I'm excited to partner with him as we navigate our next chapter," Dropbox CEO Drew Houston said in a statement included in the filing. Dive insight: Tennenbaum will take over as CFO of San Francisco, California-based Dropbox after it reported a slight sales decline last month. The company posted $634.4 million in total revenues for its fiscal 2025 third quarter ended Sept. 30, a decrease of 0.7% compared with the year-earlier period. Its total number of paying users fell to 18.07 million from 18.24 million year over year. The quarter's revenue decline was driven in part by the company's scaled-back investment in FormSwift, a document workflow business acquired in...
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