Market Overview

Box Appoints Former SAP Concur Executive as New European Leader to Accelerate International Growth

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– Chris Baker joins Box as Senior Vice President and General Manager
of EMEA –

Box (NYSE:BOX), a leader in cloud content management, today announced
that Chris Baker has joined the Box Executive team as SVP and General
Manager of EMEA. The appointment signifies Box's continued commitment to
international expansion and further extension into Europe and the Middle
East.

Mr. Baker joins Box after nearly four years as Managing Director at SAP
Concur, leading and growing its teams in the UK, Ireland, France,
Africa, Middle East, Nordics and Benelux regions. In that role, he
tripled revenues inside two years, and managed a cross-functional
organization of hundreds of employees through the SAP acquisition.

"Growth in international markets is fundamental to our long-term
strategy," said Stephanie Carullo, COO at Box. "We're excited to welcome
Chris to help drive our European business forward. His strong
track-record in delivering results, most recently at SAP Concur, and his
experience in building vibrant, high-growth businesses across EMEA, will
help him in our goal of expanding Box's presence in this key region."

Mr. Baker's appointment follows Box's continued international
investment. Dedicated to delivering secure, compliant solutions for
every industry and geography, Box has recently released a number of
offerings especially relevant for EMEA organizations, such as Box
Zones with multizone support
, Box
Data Processing Addendum
and BCR
approval
. In Europe, Box continues to grow with a newly opened European-HQ
in London
, and expanded regional offices in Munich,
Paris, Amsterdam,
and Stockholm.
Further afield, Box has also recently moved into a
new expanded office in Tokyo
.

"I've been watching Box for several years and see a great opportunity
for driving growth in EMEA," said Chris Baker. "Today businesses of all
sizes are looking to become fully digital workplaces. Box's strong
product roadmap, forward-thinking vision, and company culture make it
uniquely positioned to help customers on that journey. I am delighted to
join at this exciting time."

Before Concur, Mr. Baker held various roles at some of the
highest-profile software companies in the world including Sun
Microsystems, Microsoft, and Salesforce.com. He holds a degree in
Philosophy and Psychology from Keele University and an MSc in Knowledge
Based Systems from the University of Sussex. He also serves as the Chair
of Board of Trustees for brainstrust, a UK charity dedicated to
improving clinical care and support for brain tumor sufferers.

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
85,000 businesses globally and 69% of the Fortune 500, including
AstraZeneca, General Electric, P&G, and The GAP. Box is headquartered in
Redwood City, CA, with offices across the United States, Europe and
Asia. To learn more about Box, visit http://www.box.com/.

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