Dropbox appoints Ashraf Alkarmi as co-CEO; Drew Houston to become Executive Chairman; Q2/FY26 guidance reaffirmed

DROPBOX, INC.

Ashraf Alkarmi, previously GM Core, appointed co-CEO effective May 26, 2026; will become sole CEO after transition; Drew Houston to become Executive Chairman.
Alkarmi receives $825k base salary, 100% target bonus, and RSUs valued at $12.656M vesting over four years.
Michael Torres appointed Chief Product Officer effective July 7, 2026; previously VP Product at Alphabet/Chrome and VP/GM Kindle at Amazon.
Company expects Q2 and full-year 2026 results to be in-line or above previously provided guidance ranges.

item 5.02 item 7.01 item 9.01

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Appointed

Ashraf Alkarmi

Co-Chief Executive Officer

DBX · DROPBOX, INC.

Effective: 2026-05-26
Filed: May 26, 2026, 9:15 AM ET

On May 21, 2026, the Board of Directors (the “Board”) of Dropbox, Inc. (“we”, “our”, the “Company”, or “Dropbox”) appointed Ashraf Alkarmi, our General Manager, Core, as Co-Chief Executive Officer and as a member of the Board, effective May 26, 2026.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ashraf Alkarmi was appointed as Co-Chief Executive Officer at DROPBOX, INC..

Action: appointed
Role: Co-Chief Executive Officer

Exact text from the filing

On May 21, 2026, the Board of Directors (the “Board”) of Dropbox, Inc. (“we”, “our”, the “Company”, or “Dropbox”) appointed Ashraf Alkarmi, our General Manager, Core, as Co-Chief Executive Officer and as a member of the Board, effective May 26, 2026.

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Source: SEC EDGAR

accession 0001467623-26-000034

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