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Stephanie Carullo Named to Succeed Dan Levin as Box Chief Operating Officer
[July 12, 2017]

Stephanie Carullo Named to Succeed Dan Levin as Box Chief Operating Officer

Box (News - Alert), Inc. (NYSE:BOX), a leader in cloud content management, today announced that Dan Levin, President and Chief Operating Officer (COO), will step down after seven years with the company, and that Stephanie Carullo will succeed Mr. Levin as COO to drive the company's continued growth in the enterprise and lead international expansion. Mr. Levin will remain on the Box Board of Directors and continue to provide counsel to the leadership team.

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New Box COO, Stephanie Carullo (Photo: Business Wire)

New Box COO, Stephanie Carullo (Photo: Business Wire)

"With more than 25 years of leadership experience driving global sales strategy and execution for some of the world's leading technology companies, Stephanie is perfectly suited to head Box's operations and go-to-market strategy," said Aaron Levie, co-founder and CEO of Box. "Dan has been an incredible leader and his commitment to strategic and operational discipline will always be part of Box's DNA. We can't thank him enough for his mentorship, guidance and hard work in growing Box from 50 employees to more than 1,600 today."

"I am incredibly grateful for my time as COO at Box and I am very proud of what we have accomplished during these past seven years," said Dan Levin. "As I move on to my next chapter, I am confident we've selected a strong leader to drive Box's continued growth and market leadership. I look forward to working with Stephanie in my role on the Board of Directors."

"I am excited to bring my expertise scaling enterprise technology companies to Box and am thrilled to be working with a dynamic and experienced leadership team," said Stephanie Carullo. "I've led go-to-market operations and worked with customers in a variety of industries all over the world, and it's clear that Box has an unprecedented opportunity. We can help every enterprise across the globe move their content to the cloud, drive innovation and transform how they work."

Global Experience in Enterprise IT and Go-to-Market Strategy

Ms. Carullo has had a distinguished career leading and growing billion dollar businesses spanning multiple markets and industries around the world. /p>

She began her career at IBM (News - Alert) in Australia where she held sales leadership, general management, and consulting positions spanning across Asia. After 14 years at IBM, Ms. Carullo became Managing Director for Enterprise and Government sales at Telstra, leading a team of 1,000 professionals and driving growth in key markets and industries for more than a $3 billion business.

Following Telstra, Ms. Carullo moved to Cisco (News - Alert) where she led a team in the U.S. Service Provider business responsible for growth and deployments of large network infrastructure at key customers. She was then promoted to the global role of Vice President, Data Center and Virtualization Sales where she led a team of more than 1,000 professionals, significantly growing the business during her tenure.

Following Cisco, Ms. Carullo joined Apple as Vice President of U.S. Education Sales, a multi-billion dollar business. After leaving Apple, she briefly led Partnerships at Hampton Creek and has since been advising startups in Silicon Valley. Ms. Carullo was born and raised in Melbourne, Australia. She holds a Bachelor of Arts Degree (Honors) in Economic History from Monash University, Australia.

Dan Levin, Box Board of Directors

Mr. Levin will continue to advise Box and serve on the company's Board of Directors. As President and COO for more than seven years, Mr. Levin led the company through countless significant milestones, including scaling the company from $10 million in revenue to more than $500 million in projected revenue for fiscal year 2018, and growing the company from 50 employees in one office to more than 1,600 in offices across the U.S., Europe and Asia.

About Box

Box (NYSE:BOX) is the cloud content management company that empowers enterprises to revolutionize how they work by securely connecting their people, information and applications. Founded in 2005, Box powers more than 74,000 businesses globally, including AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in Redwood City, CA (News - Alert), with offices across the United States, Europe and Asia. To learn more about Box, visit

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Box's expectations regarding revenue expectations for the full fiscal year ending January 31, 2018. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: (1) adverse changes in general economic or market conditions; (2) delays or reductions in information technology spending; (3) factors related to Box's intensely competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitors and new applications and marketing initiatives by Box's current or future competitors; (4) the development of the Cloud Content Management market; (5) risks associated with Box's ability to manage its rapid growth effectively; (6) Box's limited operating history, which makes it difficult to predict future results; (7) the risk that Box's customers do not renew their subscriptions, expand their use of Box's services, or adopt new products offered by Box; (8) Box's ability to provide timely and successful enhancements, new features and modifications to its platform and services; (9) actual or perceived security vulnerabilities in Box's services or any breaches of Box's security controls; (10) Box's dependence on the performance of its management team and key employees; and (11) Box's ability to realize the expected benefits of its third-party partnerships.

Additional information on potential factors that could affect Box's financial results is included in the reports on Forms 10-K, 10-Q and 8-K and in other filings Box makes with the Securities and Exchange Commission from time to time, including the Quarterly Report on Form 10-Q filed for the fiscal year ended April 30, 2017. These documents are available on the SEC (News - Alert) Filings section of Box's Investor Relations website located at Box does not assume any obligation to update the forward-looking statements contained in this press release to reflect events that occur or circumstances that exist after the date on which they were made.

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