Dropbox CEO Drew Houston to step down after 19 years at helm of cloud storage pioneer
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- Now, at 43, Houston is ready to do something else.
- But in the land of outsized expectations, Houston has overseen a company that peaked too soon and never became a generation-defining brand.
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Drew Houston founded Dropbox nearly two decades ago out at age 24, eventually becoming a household name in Silicon Valley and the first tech entrepreneur to take a company from the Y Combinator incubator program all the way to the public market.
Now, at 43, Houston is ready to do something else. He's informing staffers on Tuesday that he'll be transitioning into an executive chairman role after an initial period sharing the co-CEO title with Ashraf Alkarmi, who is being promoted from product chief. Alkarmi will eventually take over the top job on his own.