The market is eagerly waiting for the initial public offering of Dropbox. But before that happens, the company announced another top level hire.
Quentin Clark, a former Microsoft executive and former CTO of SAP, will join Dropbox and take on multiple roles. It is believed that he will carry a long designation and look after a plethora of portfolio.
Quentin is joining Dropbox as SVP of engineering, product, and design, and will handle all three areas as it relates to operations. Clark brings solid technical experience and the organization hopes to leverage his expertise to close more deals. Even though the company is primarily known to be a provider of storage space, they are planning to expand their business by targeting enterprises and offering more innovative solutions.
Clark noted the leadership team at Dropbox was interested in his ability to lead and manage teams and take care of the overall engineering, product, and design aspect of the business. He said the team found his experience with Microsoft and SAP to be in line with their requirements. He also said that the leadership team spoke about the company’s vision and growth plan with him.
This type of hiring is more strategic in nature as it helps in the overall growth of the organization and brings about a new thought process into the product team. This kind of hiring also helps organizations who are planning to go public as it reinstates the faith in the company. Dropbox is facing stiff competition from immediate rivals like Box, and other small-to-mid-size players, hence it was compelled to bring on new talent to elevate its business operations.
Recent discussions with Bloomberg indicate a potential IPO will be launched soon, and it is expected to bring about transformation in the organization.
Dropbox has a user base of 500 million and is still expanding. Clark’s hire comes weeks after Aditya Agarwal, CTO of Dropbox, decided to leave. Clark will take on the role in September, and once settled, he will reveal his plans and share further updates.