Cloud storage company Dropbox announced on Friday that it has named Ajay Vashee CFO, effective September 1, as current CFO Vanessa Wittman is stepping down for health reasons.
In a blog post, Dropbox CEO Drew Houston said that Wittman “had a huge impact on Dropbox” including changing how its finance team "partners with and drives [its] business."
“We became a company that’s better prepared for scale, more efficient, and—notably—free cash flow positive,” Houston said. “She strengthened our global financial infrastructure, and we’re now building best-in-class revenue and accounting systems. We’re grateful for everything Vanessa has done for the company. She’s a beloved and inspiring leader at Dropbox, and we’ll really miss her.”
The role of the CFO will certainly become even more important at Dropbox if it opts for an initial public offering next year.
Vashee has worked at Dropbox since 2012, managing its fundraising activities, acquisitions and budgeting, Houston said.
As CFO, Vashee will lead Dropbox’s financial operations and strategy around the world.
Prior to Dropbox Vashee held roles at NEA and Morgan Stanley.
Wittman will stay on at Dropbox until the end of the September to help with the transition.