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Co-Chief Executive Officer

Ashraf Alkarmi

Dropbox, Inc.

Ashraf Alkarmi joined Dropbox in November 2024 as General Manager, Core, and was appointed Co-Chief Executive Officer and a member of the Board effective May 26, 2026, serving alongside Drew Houston. Per the 8-K, Houston is expected to move into the role of Executive Chairman following a transition period, after which Alkarmi is expected to remain as sole Chief Executive Officer. Prior to Dropbox, he served as Chief Product Officer at Vimeo from 2022 to 2024, held senior product leadership roles at Amazon from 2018 to 2022 and at Meta, and was founder and CEO of PresAsk, an audience engagement platform. He holds a Master of Arts in Management and Operations from Harvard University, a Master of Science in Electrical Engineering from Southern Illinois University, Carbondale, and a Bachelor of Science in Electrical Engineering from the University of Jordan. Effective June 1, 2026, his compensation as co-CEO is an annual base salary of $825,000, eligibility for a cash bonus at an annual performance-based target of 100% of base salary, and restricted stock units valued at $12,656,250 vesting over four years.

Source: SEC EDGAR — Dropbox, Inc. 8-K (Item 5.02, CEO transition), filed May 26, 2026; SEC EDGAR — Dropbox, Inc. 8-K Exhibit 99.1 (press release), May 26, 2026; SEC EDGAR — Dropbox, Inc. Q2 2026 10-Q Exhibit 31.2 (Co-CEO certification)

Linked issues

In an 8-K filed May 26, 2026, Dropbox disclosed that co-founder Drew Houston would step back as CEO after 19 years, with the Board appointing Ashraf Alkarmi — its General Manager, Core — as Co-Chief Executive Officer effective that date, ahead of Alkarmi becoming sole CEO and Houston moving to executive chairman 'following a transition period.' The handoff arrives as AI upends the software era Dropbox grew up in and the company's revenue sits near flat.

Product Changes & User BacklashCurrent / Ongoing Issues (2024–2026)
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Dropbox's Q1 and Q2 2026 results both kept total reported revenue growth under 1% year-over-year, the company refinanced debt and repurchased hundreds of millions of dollars in stock over the same six months, and the period closed with a co-CEO handoff, a new product chief, and a routine, tax-related insider stock disposition reported by the Motley Fool; in September three executives reported sales under Rule 10b5-1 plans adopted in June.

Pricing & Business PracticesCurrent / Ongoing Issues (2024–2026)
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