The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. COVID-19 fundamentally changed the way businesses operate. His first action: reorganizing the sales arm of the business to separate large customers from small, focusing more intently on converting the bigger fish. 2 min read. 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 . Frank Slootmans path to the American Dream, via IPO billions, started with his making Naugahyde seats for the automotive and boating industries. In addition, her organization managed finance for the companys supply chain, marketing, corporate communications, operations, HR, and IT groups. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. and six thousand enterprise customers worldwide. The ever-cocky Slootman relishes the idea of proving the doubters wrong. president and CEO at Data Domain between June 2003 and July 2009. 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. Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. Born in the Netherlands to a military veteran and a portrait artist, Slootman had a childhood regimented by high academic achievement and racing sailing dinghies. He helped define the architecture and lead database performance efforts for Bulls parallel systems. degree in engineering management. But the question becamehowgreat Chris serves as Snowflakes Chief Revenue Officer and has been with the company since 2013. I do prefer the earlier stages of growth. "At the end of the day, there is a pretty fierce competition for talent, and people are going to vote with their feet," Bullinger said. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. Under his sales leadership, Snowflake has grown its annual product revenue from $0 to over $1 billion. He settled on a fast-growing but under-the-radar software startup based in Santa Clara called ServiceNow. "He's not somebody who has a need to be liked.". in Engineering (Electrical) and an M.S. Snowflake is a special company, they just dont "It was not the kind of environment that I enjoyed participating in," Haldeman said. But behind the scenes, months before WeWorks epic IPO-attempt flameout helped make profitability cool again, Snowflake was shaping up to become the tech industrys next great cautionary tale. The IPO was the. Blocks & Files: Are you still involved in regatta racing with your yacht Invisible Hand? She currently serves on the boards of ServiceNow (NYSE: NOW), Warby Parker and Snowflake. Frank Slootman. Denise holds a BA in Business Administration and Economics from Stockholm University, and holds an MBA from Georgetown University. A standout economics student at Erasmus University Rotterdam, Slootman finished school a year early to pursue internships in the United States. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. In his new book . I dont have to justify it, I dont have to convince you. Additionally, from 2005 to her retirement, she led Deloittes global relationship with Apple, which spans a momentous period including the release of the iPhone, iPad, and Apple Watch and saw Apple increase its market capitalization from less than $10B to more than $1T. The job of the board is to hire and fire the CEO. They were all out there to foul us, to do whatever they can to trip us up. This is good news for Snowflake.. Hes, like, Im getting [to be an] old man, I dont have time to wait. Thats just how he operates, Degnan says. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. And when you lose, nobody can help you., During his short-lived retirement, Slootman raced aboard his Pac52 Class 52-foot yacht, Invisible Hand. "He's very much like 'Don't ask me to do things that optically look good or that are PC because that's not Frank,'" he said. Business is what I'm good at.". A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. What's between them going even faster?'". She led the company to a historic and successful IPO in June 2014 from zero to a multibillion-dollar business. Denise has 20 years of technology marketing experience at high-growth companies. In He wants answers, he wants change, he wants to grow the business. Snowflake. Michael Scarpelli serves as Chief Finance Officer at Snowflake. 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. When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . The annual employee ski trip to the Ritz-Carlton in Lake Tahoe was canceled. degree from UC Hastings College of the Law. Chris is married with 2 daughters and is an avid skier and golfer. Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. Stay up to date with what you want to know. Just six months in, he had lined up his anchor investors, including Dragoneer Investment Group and Marc Benioffs Salesforce. 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. Kate Bullinger, who advises CEOs and companies on corporate culture at Weber Shandwick's United Minds consultancy, told Insider that a CEO dismissing or ignoring social issues could harm the company's ability to attract and retain talent. "We did not come in peace," he wrote. doing well, like Snowflake. Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. ", The post raised collective eyebrows at Snowflake, former employees said. I would say, Were spending like drunken sailors, and they would say, Yes, keep doing it. And it was the right thing to do.. He sees himself as someone who bootstrapped his way up, people said. Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, https://xconomy.com/san-diego/2011/04/26/service-now-names-software-industry-veteran-frank-slootman-as-ceo/, https://www.businessinsider.com/servicenow-frank-slootman-interview-2012-8, https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/amp/, https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html, article "Frank Slootman" is from Wikipedia, https://wikitia.com/index.php?title=Frank_Slootman&oldid=81954, Articles with topics of unclear notability, All articles with topics of unclear notability. His second: parting ways with anyone who seemed fond of palace intrigue or who didnt deliver precisely on their word. Sylvia Pagan. Prior to Oracle, Benoit worked at Bull Information Systems. Just as his hero Patton was described as paranoid yet brilliant, Slootman said he lives in constant fear of inferiority. I also had had enough time off, two years. Frank Slootman currently serves as Chairman and CEO at Snowflake. Slootman hasn't shied away from embracing his right-leaning tendencies in a liberal-dominant industry. He also co-founded Epinions.com, worked as a consultant at McKinsey & Company, and was an analyst with CS First Boston. Data Domains revenue more than doubled each year for the next four years. re-enter the workforce. "Everybody was out to get him," Gabriel said. As in sailing, the Thierry has a PhD in Computer Science with a focus in Database Systems and holds over 70 patents. I also did not like SaaS that much as a business model, She would also help a board address key issues including digital transformation, human capital, governance, and M&A. He retired from Adobe in April 2018. Its technologyquicker to offer cloud data warehousing than Oracle, Teradata and other database companies but challenged at every turn by Redshift, Googles Big Query and Microsofts Azure Synapse productsrequired a large and continuous amount of R&D spending. So why did the Snowflake VCs call on Slootman? [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. Insider spoke with 15 people who know Slootman, who is 62, including former Snowflake colleagues and those from Slootman's past companies ServiceNow and Data Domain. 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. I just kind of fell into it," he said. Thierry co-founded Snowflake and currently serves as Chief Technical Officer. He's donated $14,550 to Republicans in the past five years, according to the Center for Responsive Politics. He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. He previously served as Senior Vice President of Finance and Business Operations of the Backup Recovery Systems Division at EMC from July 2009 to August 2011, after EMC acquired Data Domain where he served as CFO for three years. from the U.S. Military Academy at West Point and a J.D. 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. 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. Before Google, Greg spent six years at Sun Microsystems, working on Java runtime environments and operating systems. Wikitia is not affiliated to Wikimedia Foundation. In his 2018 LinkedIn post, Slootman wrote that he had "nothing against 'diversity and inclusion' as long as it results from our goal-oriented modes of execution. Earlier in his career, he spent nearly a decade at Oracle as Senior Vice President of Product and Services Marketing. After a slight summer lull, Covid-19 was resurgent, which meant that rather than a global tour of get-to-know-you lunches and PowerPoints in hotel meeting rooms, his roadshow for data warehousing company Snowflake was going virtual. Rather than return to Michigan, he jumped to Borland Software, a database darling of the 1980s by then in dire straits. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. The day he took the company public on Nasdaq in 2007, shares jumped 66%; two years later, EMC outbid rival NetApp to acquire the business for $2.4 billion. "I've literally never met the man," he said. 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. Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . Previously, Sunny has held leadership roles at VMWARE, JDSU, Deloitte Consulting and Andersen Consulting. Frank Slootman is currently a married man. My eyes are on the horizon., Covering venture capital, cloud and startups. Data Domain and ServiceNow hired you on merit, not because you checked a box.". In other words, he was bored. Doug, thank you for that comment, Slootman replied. Frank Slootman, Chairman and CEO of Snowflake, recently launched a new book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Buying up cloud storage credits from Amazon and its rivals and reselling them, all while keeping Snowflakes own software running, was costly, especially as Snowflake expanded to new markets such as Australia. 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. After an internship in the fake-leather industry in Indiana, Slootman made his first stride into the tech industry in Detroit, where he started working at Burroughs Corp., one of the largest computer makers at the time. The book . In a rare interview, the press-shy Speiser discussed the difficult decision to fire Muglia: When you have the potential [to build] one of the game-changing companies of all time, you should take the chance., Just one problem: No one told Muglia until the day the company announced the coup. Working with a wide range of clients including TPG, Nordstrom, Yelp, McKesson, and PG&E, Teresa earned her reputation as one of the most trusted advisors in the Bay Area. 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. The board was the one telling me to spend money, the board was just as strongly behind this. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. I just have to know that this is what I want to do. "For many, this is very attractive," Slootman said of San Diego's laid-backness. Muglia said that when he was CEO the board of directors encouraged a culture of free spending. Its [always] been too late. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 03:45 PM. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Why do you, as it appears, prefer that? by Laura Draper, Head of Content. Frank Slootman is the biggest Snowflake of them all. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. She was integral to establishing Deloittes enterprise alliance with Apple, focused on enabling people to work the way they live by digitally transforming companies. He replaced a number of Snowflake's top executives including Chief Financial Officer Thomas Tuchscherer, Vice President of People Kathy O'Driscoll, and Vice President of Finance Jeff Balaguras with his own trusted lieutenants. out that way.. 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. Co-Founder & President of Product. I used to call it drunken sailors spending. Eight years later, with Snowflake, he had to do it over Zoom. In early 2018, just over a year before his dismissal, Muglia met Forbes for breakfast at a New York hotel. Approximately 80% of the Fortune 500 turn to Deloitte for strategies that create shareholder value. Jeremy also served as Veritas Executive Vice President of Data Management Group and Chief Marketing Officer. Biography of Frank Slootman : Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. I never talked to other companies. I need to spend the little bit of time I have left over with my family, not sailing. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam. One major cause for the shock: By all appearances, Snowflake wasnt strugglingand it already had a high-profile CEO. Tell me more, Asheem.' Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation.
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