Box shares climb after former Apple exec named as chief operating officer

Shares of Box Inc. were climbing 2% in after-hours trade Wednesday after the cloud storage company announced former Apple Inc. executive Stephanie Carullo as its new chief operating officer. Carullo will be taking over for Dan Levin, who has been in the position since 2010 and is also president of Box. He will remain on the board. Carullo comes to Box after leading U.S. sales for Apple’s education business. Before that, Carullo led the data center and virtualization architecture group at Cisco Systems Inc. . Shares of Box have gained 12% in the past three months, compared to the S&P 500’s gain of 4%.

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