Dropbox CFO Ajay Vashee to step down

15 and as an adviser to Regan through mid-October. Shares of the company fell 2% after the bell. Separately, Dropbox reported revenue of $467.4 million in the second quarter, beating analysts' average estimate of $465.3 million, according to IBES Refinitiv data. Paying users for the three months ended June 30 rose to 15 million from 13.6 million a year earlier.


Reuters | Updated: 07-08-2020 01:59 IST | Created: 07-08-2020 01:56 IST
Dropbox CFO Ajay Vashee to step down
Representative image Image Credit: Twitter(@Dropbox)

Dropbox Inc said on Thursday Chief Financial Officer Ajay Vashee is stepping down, and will be replaced by accounting head Tim Regan.

Vashee, who has been with the file-sharing company for over eight years, will remain in his role until Sept. 15 and as an adviser to Regan through mid-October. Shares of the company fell 2% after the bell.

Separately, Dropbox reported revenue of $467.4 million in the second quarter, beating analysts' average estimate of $465.3 million, according to IBES Refinitiv data. Paying users for the three months ended June 30 rose to 15 million from 13.6 million a year earlier.

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