When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.
Dropbox CEO Drew Houston is stepping down, with his successor, Ashraf Alkarmi serving as co-CEO during a transition before becoming sole CEO.
May 27, 2026 01:10 EDT
Dropbox's CEO and co-Founder, Drew Houston, recently announced that he plans to step down from the top leadership post after a historic 19-year run steering the cloud storage pioneer.
According to Houston, Ashraf Alkarmi will serve as the new co-CEO during a temporary "transition period" before Houston formally assumes the role of executive chairman. Alkarmi will then run the business as the sole chief executive. In a memo to Dropbox employees, Houston said that Alkarmi turned the core business around and placed Dropbox in a "stronger position than it's been in years." Alkarmi drove this shift when he made difficult and courageous calls and placed smart business bets that finally began to pay off. Houston trusted Alkarmi to steer the ship.
