Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On January 18, 2023, Dropbox announced that Timothy Young has given notice of
his decision to resign as President, effective February 1, 2023. He will remain
at the Company until March 15, 2023 to ensure a smooth transition. Andrew
Houston, Dropbox's CEO and Chair of the Board, will lead the team in the
interim.
"It's been a privilege to navigate the last few years at Dropbox alongside Drew
and the rest of the leadership team," said Mr. Young. "I'm proud of everything
we accomplished together, from supporting our customers through the onset of the
COVID-19 pandemic to evolving our business and operating model as we led the
transition to remote work. I'm confident this team will continue to take the
company to even greater heights."
"I'm grateful to Timothy for all his contributions to Dropbox over the years and
wish him all the best," said Mr. Houston. "We have a huge opportunity ahead of
us to transform the way people work, and I'm excited to work closely with the
team as we execute on our strategy for 2023."
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