Dropbox’s chief buyer officer, Eric Cox, plans to step down, in response to a doc filed with the SEC on Friday. Cox will stay in his present position for “a time period” to assist with the transition, per the submitting, after which will proceed as a “non-executive” worker by means of mid-August.
Dropbox didn’t instantly reply to a request for remark.
Cox joined Dropbox in November 2023 from Vimeo, the place he was the COO overseeing gross sales, buyer success, information, technique, and operations. Previous to that, Cox spent 19 years at Adobe in quite a lot of roles, together with digital media go-to-market gross sales lead for the Americas and VP of digital media for enterprise.
“Eric’s intensive SaaS and B2B expertise, deep business experience, and fervour for our prospects might be invaluable as we convey our new merchandise to market and usher in our subsequent section of progress,” wrote Dropbox in a weblog put up saying Cox’s hiring.
Dropbox has had a tough go of it currently. Whereas its most up-to-date fiscal quarter topped Wall Road estimates, the corporate’s income progress slowed and steering for the present quarter got here up mild. Dropbox’s inventory is down round 8% year-to-date.
As a part of an aggressive turnaround plan, Dropbox introduced final October that it could lay off 20% of its employees, or round 528 individuals.
Dropbox has more and more seemed to AI applied sciences as a possible income driver. Lately, the corporate expanded its AI-powered sensible group and search software, Dropbox Sprint, with enterprise-focused options, together with information governance controls.
