Ashraf Alkarmi is the co-CEO of Dropbox.
Dropbox
Dropbox is "virtual-first" and that's not changing anytime soon, according to its new co-CEO.While many companies continue to enforce return-to-office mandates, Ashraf Alkarmi said that when he takes over as Dropbox's sole CEO, he plans to maintain the company's remote-first structure.Alkarmi previously held leadership roles at Vimeo and Meta and joined Dropbox as senior vice president and general manager of its core products in 2024. He became co-CEO in May, alongside Dropbox founder Drew Houston.Alkarmi said the cloud storage company's virtual-first structure is an "incredible model" and he continues to believe in it. Dropbox officially implemented the policy in 2021 and said it redesigned its workforce to focus on flexibility."Flexibility and autonomy are the ultimate currency in modern work," Alkarmi told Business Insider.The company said that average applications per job were nearly sevenfold higher in 2025 than they were before virtual-first.It also said it has seen the highest offer acceptance rates and the lowest attrition rates since enacting the model. The company added that 74% of new hires in 2026 cite the ability to work in a virtual-first environment as one of the reasons they joined Dropbox.
