Dropbox founder Drew Houston steps down as CEO after 19 years as the company he built gets squeezed by Google and Apple

Dropbox founder Drew Houston is leaving the chief-executive post after 19 years, moving to the role of executive chairman. He will be succeeded by Ashraf Alkarmi, the senior vice-president and general manager of Dropbox Core. The transition comes as the company faces heightened competition from Google and Apple.

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