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Dropbox’s CFO is departing for health reasons, with a key deputy taking over

Vanessa Wittman will be replaced by Ajay Vashee.

Ajay Vashee, new CFO at Dropbox
Ajay Vashee, new CFO at Dropbox

Dropbox CFO Vanessa Wittman is stepping down due to what the San Francisco-based storage company described as “health reasons.” She’ll be replaced by a key financial deputy Ajay Vashee on Sept. 1.

“We’re grateful for everything Vanessa has done for the company,” said Dropbox in a blog post and also in an internal memo from its co-founders, CEO Drew Houston and CTO Arash Ferdowsi, to employees. “She’s a beloved and inspiring leader at Dropbox, and we’ll really miss her.”

Vanessa Wittman, outgoing CFO of DropBox
Vanessa Wittman is leaving Dropbox for health reasons.

Wittman came to Dropbox in early 2015 from Motorola Mobility, with longtime experience in the public sector. She was CFO at Marsh & McLennan and a corporate development exec at Microsoft. Wittman also worked in finance at Morgan Stanley, as a VC at Sterling Payot and as a CFO of both 360Networks and Metricom. She was also CFO at cable giant Adelphia in the wake of its epic implosion and was charged with cleaning up the vast accounting nightmare through its bankruptcy.

Since she is a top financial executive with strong public company experience, her appointment caused investors to focus on possible IPO plans for Dropbox. Those plans are is still unclear, as the company shifts its business toward enterprise customers from its consumer origins.

Vashee, who joined Dropbox in 2012, will now lead its financial operations and strategy. His previous jobs included stints at New Enterprise Associates and Morgan Stanley. Wittman will remain at Dropbox until the end of September, to help Vashee with the transition.

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