Time will tell, of course. Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married - Bioagewho Kramer has extensive experience in financial planning and analysis, profit-and-loss leadership, and mergers and acquisitions. Snowflake, a cloud-based data-warehousing company, went public at $120 a share, and has since seen shares trade as high as $328 per share. We were seen as the Talking about his decision to come to the states, Frank expressed in an interview; how he had never worked in the country where he was born. You constantly live with that terminal fear of not doing enough.". In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. Snowflake's vision is a world with unlimited . Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To But the question becamehowgreat Dominic Ruso, ServiceNow's former vice president of finance, replaced Balaguras. This stock is being completely driven by the Robinhood crowd.. Frank Slootman is the biggest Snowflake of them all. Its [always] been too late. I dont like there to be too I used to call it drunken sailors spending. By 1998 Slootman was running Compuwares California office amid the dot-com boom. After telling Bloomberg TV that he can't allow a push for diversity in tech to "override merit," Snowflake CEO Frank Slootman released a statement Monday apologizing for a "lack of clarity" in those comments. I could not resist having an opportunity to bring something But two sailing associates of Slootman said there was still speculation over whether the tech honcho knowingly greenlighted unapproved upgrades of his own to boost performance. Around the same time, he began meeting with research analysts who would wind up setting bullish prices for the IPO. It was hard for me to work in a big company, too slow and rigid, just not inspired. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. Better modeling and the focus shift to larger accounts also made it easier to guess how users might expand or contract. Frank Slootman currently serves as Chairman and CEO at Snowflake. Chief Revenue Officer. Just as his hero Patton was described as paranoid yet brilliant, Slootman said he lives in constant fear of inferiority. Snowflake Appoints Frank Slootman as Chairman and CEO ", The post raised collective eyebrows at Snowflake, former employees said. from Seattle University School of Law. Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? The investigation was dropped in February because of a technicality, and Brady was given a warning. "People would go surfing in the mornings, and they'd have these home-brew beer-making contests and all that," John Wyss, who was a director of product strategy at ServiceNow between 2014 and 2016, told Insider of the pre-Slootman days. + Follow. from the U.S. Military Academy at West Point and a J.D. SAN MATEO, CA - May 1, 2019 - Snowflake Inc., the only data warehouse built for the cloud, today appointed Frank Slootman as its Chairman and Chief Executive Officer.Former CEO, Bob Muglia, has left the company after leading Snowflake through five years of unprecedented growth. The annual employee ski trip to the Ritz-Carlton in Lake Tahoe was canceled. What is the appeal of that? His conservative peers are some of the more controversial execs in Silicon Valley, like Palmer Luckey, who was ousted from Facebook after financing an anti-Hillary Clinton meme group, and Tesla founder Elon Musk, whose SpaceX political-action committee donated $119,000 to lawmakers who voted against Joe Biden's Electoral College victory. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning . Snowflake CEO Frank Slootman Discusses What's Next for the Data Cloud Denise has 20 years of technology marketing experience at high-growth companies. We're not into that. In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . I was never a mainframe guy. At Snowflake, Muglia moved fast to get the company into the market, pricing it to match Amazon Web Services by-the-second consumption model, which offered a pay-as-you-go alternative to a subscription, then targeting customers of Amazons own rival product, Redshift. Slootman: Snowflake She has over 25 years of experience leading key aspects of global IT and HR organizations in high tech and healthcare. Soon Slootman resumed his old tricks. Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. He talked about several new and exciting trends, including Snowflake's increased focus on vertical industries, new ways that customers and partners will be able . Snowflake CEO Frank Slootman, former CEO Bob Muglia, and cofounder Benoit Dageville are now billionaires after the data storage firm's blockbuster IPO, The eight-year-old data storage firm shot up as much as, Even before his official induction into the three-comma club, Slootman was. Creative Commons Attribution-ShareAlike. I learned from that experience that I dont want to be in an elevator thats going down, he says. The IPO was the. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. We may never exactly know why the investors of Snowflake unceremoniously dumped its chairman and CEO Bob Muglia, just a few months after a $450m funding round that valued the cloud data warehouse startup at $3.5bn. Teresa Briggs is a senior executive with deep experience in strategy, business transformation, and governance. "You could not escape the combat mentality at our companies. It . It was swift.". Slootman: I entered the US in 1984. Denise Persson. the data storage world Slootman is a celebrity CEO, thanks to his tenure as degree in engineering management. Is there competition there? Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster initial public offering (IPO). In 1982, after a number of rejections from Big Blue, he crawled ashore with $100 in my pocket (a phrase he repeats so often his employees know it by heart) in South Bend, Indiana, with a job as an intern in the seemingly dead-end fake-leather industry. And we're all just like, 'Did Frank just call the customer our homies?' But Slootman was more interested in running the show, and Snowflake seized the opportunity. Mar 11, 2021, 11:30 ET. Companies that stand for something make employees excited to work there, she said. Which was then followed by his association with Compuware and software company Borland. character and had an email interview opportunity. I have empathy with a lot of quarterbacks who dont know to retire, he says. He'd stay for 20 or 30 minutes, and the customers' jaws would drop and they'd be on the edge of their seat. Slootman may be someone you wouldn't be comfortable sitting face-to-face with, but he's definitely someone you can listen to in a room full of people. "Everybody was out to get him," Gabriel said. regardless of who is CEO. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. He wants answers, he wants change, he wants to grow the business. Read it now on the O'Reilly learning platform with a 10-day free trial. About a year after he came aboard, Slootman took ServiceNow public on the New York Stock Exchange. Chairman and Chief Executive Officer. Prior to Adobe, Mark held senior leadership positions at Documentum and EMC. The Snowflake board member Mike Speiser, who invested in the company through his firm Sutter Hill and served as its first CEO, reached out to Slootman regarding a Snowflake board position, Speiser told Forbes. I would say, 'We're spending like drunken sailors,' and they would say, 'Yes, keep doing it.' Data Domain was a venture backed storage company founded in late 2001, grew at record pace to an IPO on NASDAQ in 2007 and was acquired by EMC . Snowflake. See Bio. His personal net worth, an estimated $2.2 billion, is an extraordinary figure for someone who has never been part of a company in its earliest days. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Harnessing the clouds flexible computing output as if it were one giant supercomputer, Snowflakes software could locate and organize customers increasingly large amounts of dataconsumer information, product sales, employee overheadthen help make sense of it all quickly and cheaply enough to make it truly useful. Frank served as President of the Backup Recovery Systems Division at EMC following the acquisition of Data Domain Corporation/Data Domain, Inc., where he served as the Chief Executive Officer and President, leading the company through an IPO to its acquisition by EMC for $2.4B. [3] On September 16, 2020, Snowflake made an IPO, selling 28 million shares and raising $3.4 billion, making it the largest software IPO in history.[4]. People want to be patted on the back and feel good I'm into not feeling good.". Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster IPO. Key Learnings from: Narrow the Focus, Increase the Quality. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. "Silicon Valley is very much a high-fiving, self-congratulatory culture," he said. Genevieve Haldeman, the vice president of corporate communications at ServiceNow between 2014 and 2016, said she felt that Slootman's leadership style could make for an abrasive workplace. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. Under the companys Amazon-style pricing, customers could easily expand their usage over time. The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into These are multiples, frankly, that the world hasnt seen since the internet bubble in 1999, says Brad Zelnick, an analyst at Credit Suisse. The Snowflake executive team represents centuries of technology, product and business experience to create and advance the only cloud data platform built to enable the data-driven enterprise. He was more insulated. The beloved chocolate snacks disappeared, and daily catered lunches were replaced by an in-house cafeteria that was still free but seen by some as a downgrade. When executives at a later company, Compuware, realized in 1995 that an acquisition in Amsterdam was going sideways, its young staffer, a native Dutch speaker, was given a chance to clean up the mess. Sylvia was previously Vice President, HR Technology and Digital Experience at Snowflake. His first action: reorganizing the sales arm of the business to separate large customers from small, focusing more intently on converting the bigger fish. Teresa previously served as a Vice Chair & West Region and San Francisco Managing Partner of Deloitte, and as Managing Partner, Silicon Valley. Muglia was no slouch: an engineer who was one of Microsofts four presidents before Steve Ballmer replaced him with Satya Nadella. Country of residence : Unknown. This article "Frank Slootman" is from Wikipedia. The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. Displaying foresight and expertise, she has designed effective strategies to overcome todays biggest challenges, particularly around digital transformation, enterprise risk, cybersecurity, and other vitally important strategic and operational issues. Are you now a professional CEO rather than a startup boss? Benoit Dageville co-founded Snowflake and currently serves as President of the Product division. Starting as employee #13 and Sales employee #1, Chris built a Go To Market strategy from the ground up, driving sustained high growth and global reach. Frank took us from a very large startup and made us into a very large, well-oiled machine, Luddy told Forbes in 2018. It doesnt matter how good you are or how bad you arein the wrong elevator, youre going to get hosed. Eventually, he was able to shift to the up elevatorcomputersfirst in Detroit, then in Ann Arbor, Michigan, where he moved customers off mainframes to more modern server products.