The effort appears to have bolstered the company's bottom line. On Monday, the highly valued digital storage firm unveiled two new products - file synch and content collaboration tools - as part of a years-long effort to build up its business offerings. SAN FRANCISCO: A decade after its founding as a file-sharing business, Dropbox Inc is trying to become a new kind of company. “I’m looking forward to working with Mark and the rest of the Board on the many opportunities and challenges ahead.Drew Houston, CEO and co-founder of Dropbox Inc, speaks during an event in San Francisco on Monday. Bloomberg “It’s been inspiring to watch Facebook grow into a platform that reaches billions of people around the world,” Houston said in a statement provided by Facebook. Houston won’t be the company’s lead independent member, however, and Facebook is still looking for Desmond-Hellmann’s replacement, a company spokeswoman said. Houston will be the board’s eighth member, and the first to join since lead independent director Sue Desmond-Hellmann left last October. “He thinks deeply about where technology is going and how to build a culture that delivers services that always work well.” “Drew brings valuable perspective to our board as a leader of a technology company with services used by millions of people and businesses,” Zuckerberg said. Zuckerberg’s iron-clad authority over the company is one of the central issues each year at Facebook’s annual shareholder meeting. Still, Facebook’s dual-class stock structure means that Zuckerberg has a controlling ownership stake in Facebook, putting the board’s actual influence in question. “How do you organize people? How do you set up these systems?”Īs a director of the world’s largest social-media company, Houston will be responsible for advising Zuckerberg. “He’s given me a lot of advice on company scaling,” Houston told Bloomberg’s Emily Chang in 2015. Houston has in the past turned to Zuckerberg for help running his own company. Houston, who co-founded file-sharing software company Dropbox in 2007, is a friend of Facebook CEO Mark Zuckerberg. Chief Executive Officer Drew Houston is joining Facebook Inc.’s board.

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