Dropbox hires new CFO amid IPO rumors

19 Feb 2015

Dropbox Inc, operator of a file hosting service, has hired Vanessa Wittman, former Motoralla CFO, as the company’s new chief financial officer reigniting the rumor that company could be releasing an initial public offering, said the media report.

Wittman will take over from outgoing chief financial offer Sujay Jaswa.

Wittman is a tech finance veteran and most recently served as senior vice president and chief financial officer at Motorola Mobility, where she was appointed following its acquisition by Google.

The appointment has raised speculation that Dropbox could be reshuffling its finance team in advance of an IPO, a claim the firm has repeatedly rebuffed.
Since its founding in 2007 Dropbox has raised over USD 1.1 billion in venture capital, with annualised revenues said to be well over USD 250 million.

Source: Dion Global Type: IPO Related

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