Dropbox CEO Drew Houston to step down after 19 years at helm of cloud storage pioneer
Summary
Dropbox announces leadership transition: Drew Houston will step down as CEO after 19 years and become executive chairman, with Ashraf Alkarmi promoted to co-CEO before taking over solo later. The move coincides with renewed AI initiatives, including AI-powered Dash, and adds Mike Torres as chief product officer; the company remains in a competitive SaaS/cloud storage market with a large user base but flat revenue growth.