Home / Business and Economy / Dropbox Taps Avalara Exec as New CFO Amid Sales Dip
Dropbox Taps Avalara Exec as New CFO Amid Sales Dip
13 Dec
Summary
- Ross Tennenbaum appointed new CFO, starting December 16.
- Dropbox experienced a 0.7% sales decline in its latest quarter.
- New CFO brings extensive tech finance and operations experience.
Dropbox has announced the appointment of Ross Tennenbaum as its new Chief Financial Officer, with his tenure beginning on December 16. Tennenbaum, who previously served as president of tax compliance software firm Avalara, brings over two decades of experience in finance and operations leadership. His extensive background includes investment banking roles at Goldman Sachs and Credit Suisse.
The leadership change coincides with Dropbox's recent financial performance, which showed a 0.7% decrease in total revenues for the fiscal 2025 third quarter, ending September 30. The company also saw a minor reduction in its paying user base during the same period. A contributing factor to the revenue dip was the scaled-back investment in its acquired document workflow business, FormSwift.
In addition to Tennenbaum's appointment, Dropbox has also named Eric Webster as its new chief business officer. These strategic changes underscore the company's intensified focus on scaling its AI-powered workspace search tool, Dash, and reinforcing its core file storage and synchronization services.
