Dropbox hires Avalara president for CFO role

Core Insights - Dropbox has reported a slight sales decline of 0.7% year-over-year, with total revenues of $634.4 million for Q3 of fiscal 2025 [3] - The company is undergoing a leadership transition, appointing Ross Tennenbaum as the new CFO effective December 16, succeeding Tim Regan [8] - The decline in revenue is partly attributed to reduced investment in FormSwift, which is expected to negatively impact revenue by approximately 130 basis points this year [4] Company Developments - Tennenbaum, who has over two decades of finance and operations experience, will receive an annual base salary of $550,000 and a one-time signing bonus of $350,000 [6] - Alongside the CFO transition, Eric Webster has been appointed as the new chief business officer to enhance Dropbox's focus on scaling Dropbox Dash and improving core file storage services [5] - The company aims to prioritize the scaling of its AI-powered workspace search tool, Dropbox Dash, in the upcoming fiscal year [4]