CEOs that have a relentless, unapologetic focus on the business. Slootman, who was born in the Dutch city of Huizen, 20 miles from Amsterdam, immigrated to the US in 1982 when he was in his 20s. Kramer holds a bachelor of science degree in mathematics from Purdue University and received the Purdue University College of Science Distinguished Alumni award in 2017. Prior to Snowflake, Greg spent 13 years at Google, where he was VP of Engineering responsible for a broad portfolio of Google Cloud data analytics and machine learning products and for internal services addressing data analytics needs of all of Googles businesses. Why do you, as it appears, prefer that? Was it purely the job with Burroughs or was there something else? I dont like there to be too A financial, digital, and M&A expert with a uniquely broad and deep perspective into the challenges facing many of the worlds most innovative companies, Teresa built Deloittes U.S. West Region into a $3.0B business. Thierry Cruanes. 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. Do you get on with Larry Ellison with regard to sailing? "We did not come in peace," he wrote. Published Jul 7, 2022. Frank further added the fact that he always felt like he was born in the wrong country. And when Slootman and his team virtually rang the bell of the New York Stock Exchange, a process that looked as awkward as it sounds, raising some $3.4 billion in the process, Salesforce and others were there to support the floor. In 2019, before the company went public, Slootman made more than $60 million in total compensation. Mark currently serves as Chairman of the board of directors of Qualcomm, Inc. and as a director of Snorkel.AI. What did the Snowflake board want from you that they could not get from other potential CEOs and that was lacking in the company at that point? In a December talk with Foundation Capital, Slootman said he had had "zero plans" to take on another CEO job. The Dutchman joined Snowflake as CEO in April, after leaving ServiceNow in March 2017 following six years as CEO, where he helped scale the software-as-a-service (SaaS) firm towards becoming the . Snowflake CEO collects a $95 million payout every month She currently serves on the boards of ServiceNow (NYSE: NOW), Warby Parker and Snowflake. day and we will from here on out. Find out about Snowflakes latest business and technology achievements by catching up any of our press releases and industry news articles, Get first-hand insights about our latest product features, technology partnerships, and recommendations on how to get the highest value from your, Learn how thousands of organizations around the globe and across dozens of industries are using Snowflakes Data Cloud to advance their, 2023 Snowflake Inc. All Rights Reserved | If youd rather not receive future emails from Snowflake, unsubscribe here or customize your communication preferences, Snowflake for Advertising, Media, & Entertainment, unsubscribe here or customize your communication preferences. Instacart Appoints Frank Slootman, Chairman And CEO Of Snowflake, To enters into it, but I try not be a pattern matcher or be confined to my own And it was the right thing to do," Muglia recently told Forbes. Slootman now has a net worth of $1.8 billion, Despite leaving Snowflake in 2018, the IPO spiked Muglia's net worth to, Many other Snowflake employees and investors including Warren Buffett, Sequoia, Iconiq Capital, and Salesforce are set for windfalls as well, per. ", There were no employee-resource groups at ServiceNow, she said, and endeavors like creating a diverse workplace were "not a priority. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. He hired up to 15 professional sailors and paid for their gear, travel, and accommodations for multiple races each year, which could cost as much as $1 million annually, according to his crewman Gabriel. A crewmember said Slootman stopped sailing competitively because "everybody was out to get him.". After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. I never worked in Holland, but was born, raised and educated there. This article "Frank Slootman" is from Wikipedia. Doug, thank you for that comment, Slootman replied. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. He's focused on making shareholders money. Benoit co-founded Snowflake and currently serves as President of the Product division. Frank Slootman - Chairman and Chief Executive Officer - LinkedIn Prior to Snowflake, Chris served in Sales leadership roles at EMC and Aveksa, and worked in enterprise sales at Informatica and Covalent Technologies (acquired by VMware). Previously, Mike was Vice President and Technical Advisor to Symantecs Chairman & CEO. this valuation by any means. Prior to Observe, Jeremy was Executive Vice President, Marketing & Corporate Development of Dell Technologies, and served in various leadership roles at EMC prior to Dell. Frank Slootman - Biography - MarketScreener.com And there'd be some praise or whatever," Chandna said. We won many races, including the Transpac overall in 2017, but I sold and donated all my boats so I can concentrate on the Snowflake journey. Snowflake Inc. - Wikipedia The assignment itself was another challenge: Compuware was bleeding employees to Silicon Valleys emerging powers. Tell me more, Asheem.' Frank Slootman is the biggest Snowflake of them all. Snowflake CEO walks back remarks about diversity, hiring - Silicon Business is what I'm good at.". Earlier in his career, he spent nearly a decade at Oracle as Senior Vice President of Product and Services Marketing. Scarpelli got to work on Snowflakes books. That someone was Frank Slootman. It also changes over time. Data Domain was running out of money; its technology, while theoretically more powerful than the existing alternatives, ran prohibitively slowly. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? Otherwise, Im going to go ahead and run the company., When Slootman expressed interest in the Snowflake CEO job, Sequoia and Sutter Hill jumped. "I'm sure anyone who was a woman or a minority group or LGBT was like, 'What the heck? Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. Staffers started frantically Googling their new boss. Prior to that, Frank served as President of the Backup Recovery Systems Division at EMC following an 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. "Frank said, 'So the IT service managers, those are our homies, right?' out that way.. But this whole Snowflake exercise could have turned out dramatically different, the CEO says, if the founders had pursued their original premise for what the company should be. Prior to Cisco, she was Vice President and Chief Financial Officer of GE Healthcares Healthcare Systems business. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. What brought to the USA? Public asset : 162,785,053 USD. Prior to founding Snowflake, Benoit was with Oracle for over 10 years as a lead architect for parallel execution in Oracle RAC and a key architect in the SQL Manageability group. We'd all just roar with laughter. afar. "So Frank talked to me for two minutes and he was, like, 'Wow. This is the fundamental premise of a hard hitting new book written by Frank Slootman, chief executive of Snowflake Inc., and published earlier this year. Chris serves as Snowflakes Chief Revenue Officer and has been with the company since 2013. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner at Greylock Partners LLC, President & Chief Executive Officer at Data Domain, Inc., Senior Vice President-Products at Borland Software Corp., President-Backup Recovery Systems Division at EMC Corp., Principal at Burroughs Corp. and Venture Partner at Greylock Management Corp. Says Dageville: We have a lot of pressure to deliver on this valuation.. Slootman hit the austerity button all the same, refocusing resources toward the drive trainproduct, engineering, sales and legaland away from less urgent areas like marketing. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. Denise has 20 years of technology marketing experience at high-growth companies. An IPO is a blip on the radar, a mile marker during the marathon, he says now. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. Have I told you my point of view on boards? This stock is being completely driven by the Robinhood crowd.. In the mid 80s I tried to hire on out of school with IBM, they were the gold standard back then in the so-called computer industry. ISBN: 9781119836117. Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE Creative Commons Attribution-ShareAlike. How Much Snowflake CEO Frank Slootman Made in 2019 - Business Insider Slootman and his crew won by nearly four hours. to shift gears to pure scale execution, and we are dealing with that now every I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. 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. Frank Slootman - Forbes I'd just throw the deck out because forget about it, Frank's here. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. She began her career at collaboration software company Genesys, where she built and led a global marketing organization. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. His dream employer: IBM. It was swift.". Chris is married with 2 daughters and is an avid skier and golfer. 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. 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. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . In other words, he was bored. The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. degree from UCLA and a J.D. Mar 11, 2021, 11:30 ET. Before Oracle, he spent seven years at the IBM European Center of Applied Mathematics working on data mining technologies. eight hundred pound gorilla in the space, but we sure did not start What is the appeal of that? Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. degree in engineering management. O'Reilly members get unlimited access to books, live events, courses curated by job role, and more from O'Reilly and nearly 200 top publishers. You rarely saw him around the office.". The former Snowflake executive recalled Slootman once saying: "I'm not good at hobbies. During his six-year tenure he help grow the business from $75m in annual revenues to $1.5bn. The company currently has a market cap of $48 billion. asked a year earlier, I likely would not have bit down on this. As we wrote in June 2019: data warehousing is shifting inexorably to the cloud, but customers still look for platforms that offer the traditional relational database tools at their core. Overnight, Slootman's 5.9% stake became worth billions, and Snowflake was established as an elite Silicon Valley player it was briefly valued more highly than IBM at one point not long after its IPO, though its stock price has declined more than 13% since the beginning of 2021. Companies that stand for something make employees excited to work there, she said. He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. An animal-rights philanthropist, Slootman allows his 8-month old Labrador puppy, Brida, year-old Golden Retriever, Quinn, and 10-year-old gray tabby cat, Portia, to crash his work-from-home meetings, including fact-checking calls from Forbes. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . 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. The ever-cocky Slootman relishes the idea of proving the doubters wrong.
