day and we will from here on out. He barely slept, said Ruben Gabriel, one of the crew. Snowflake CEO Frank Slootman Shares Secrets of Unrivaled Success in Slootman returned to executive responsibilities in April 2011, taking the chairman and CEO roles at the cloud service company ServiceNow. I was never a mainframe guy. It also changes over time. Slootman: Whether He had built a monster and Data Domain still dominates the purpose-built backup appliance market, 11 years on. "CEOs can sometimes suffer from a kind of weakness where they want to be liked," Asheem Chandna, a software investor at Greylock and a friend of Slootman, told Insider. Prior to joining Snowflake, Sunny held Corporate IT and Operations leadership roles at Nvidia from 2008-2020 as they scaled from less than 2,000 employees to 15,000. "I'm sure anyone who was a woman or a minority group or LGBT was like, 'What the heck? Blocks & Files: You were effectively a startup CEO at Data Domain. Previous to Serena, he led Symantecs $2 billion Enterprise Security product line as Group President of Security and Data Management. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. Many of them found a May 2018 LinkedIn post by Slootman in which he compared working at the cloud-service firm ServiceNow and the data-storage company Data Domain to being in the Marine Corps. 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. We're getting a no-nonsense guy who quotes Patton.'". This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. "That was kind of awesome. 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. Creative Commons Attribution-ShareAlike. "We did not come in peace," he wrote. 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. Get to Know Snowflake's Leadership Team | Snowflake While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. Snowflake CEO Frank Slootman has been at the CEO game long enough to learn a few things or two on how to create a successful business. The board, including Doug Leonean investor on Forbes Midas List and Sequoias coleader at the timetasked Slootman with doing for ServiceNow what he had just done for Data Domain. A crewmember said Slootman stopped sailing competitively because "everybody was out to get him.". The former sailor runs pre-IPO companies like a tightly rigged high-performance watercraft, a captain with extreme confidence who will throw overboard anyone who shows the mildest mutinous inclination. In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. Teresa previously served as a Vice Chair & West Region and San Francisco Managing Partner of Deloitte, and as Managing Partner, Silicon Valley. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. "Frank said, 'So the IT service managers, those are our homies, right?' Updated Jun 8, 2021, 8:46am PDT. He said Slootman would check the navigation at all hours of the night to ensure Invisible Hand held its lead. "He wants to kill the competition," he said. Mark joined Adobe in 2007 as Executive Vice President and CFO, leading Adobes worldwide finance, operations and corporate development activities, including investor relations, procurement, global supply chain and order management, and corporate strategy and strategic partnerships. Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. We're not into that. Jeremy Burton is the Chief Executive Officer of Observe, Inc. Denise also helped lead Genesys through its expansion to become a successful IPO and acquired company. Here's how he makes and spends his fortune. Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. Seventeen months later, he took Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. Prior to that, Mark served in several roles at VeriSign, including as Executive Vice President, Products and Marketing. Snowflake CEO collects a $95 million payout every month 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. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). the data storage world Slootman is a celebrity CEO, thanks to his tenure as 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. Slootman did not respond to requests from Insider for comment. "You could not escape the combat mentality at our companies. Sylvia Pagan. Thecelebscloset, Jim Jefferies' House And Car Details!Thecelebscloset, Colton Dunns Impressive Net Worth: Insights and Figures Revealed!, How Much is the Grammy-Award Winning Artist Worth?. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. He retired from Adobe in April 2018. Blocks & Files: Do you believe it best or necessary for yourself that the chairman and CEO roles be combined? 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. Benoit Dageville. In 2019, during an all-hands meeting at Snowflake, Slootman told the story of how early in his career he was rejected for a job he was well qualified for because the company needed to fill a quota of hiring more minorities, a former senior Snowflake employee said. A representative for Snowflake declined to comment for this article. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" Previously, Mike was Vice President and Technical Advisor to Symantecs Chairman & CEO. doing well, like Snowflake. "In the Bay Area, by contrast, it is raw ambition, singular drive, and unbridled capitalism in action.". He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. Denise holds a BA in Business Administration and Economics from Stockholm University, and holds an MBA from Georgetown University. Frank Slootman currently serves as Chairman and CEO at Snowflake. Prior to working for Snowflake, Frank took the CEO spot at ServiceNow when it had less than $100 million in revenues and took it to $1.4 billion. "He would always crash my executive briefings," Wyss said. A Gartner analyst on vacation spotted the executive and crashed the meeting to go full fanboy. These are people we knew from previous rodeos, Slootman says with a shrug. CNBC Snowflake books its revenue using a "consumption model," Slootman said, rather than a typical subscription . During his six-year tenure he help grow the business from $75m in annual revenues to $1.5bn. through the acquisition of Bix, where he served as CEO. Prior to Oracle, Benoit worked at Bull Information Systems. I never worked in Holland, but was born, raised and educated there. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . 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's the type that he just doesn't take any bullshit, and there was some shit going on and he said, 'OK, I'm done.' Since the start of the pandemic nearly a year ago, there's been one word on the lips of every business leader, analyst, and investor around the world: cloud. 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. Frank has always refrained from talking about them even in his interviews. Which was then followed by his association with Compuware and software company Borland. 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). 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. Frank Slootman - Forbes 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. Is there competition there? Chris serves as Snowflakes Chief Revenue Officer and has been with the company since 2013. Very large enterprises are choosing a vendor to go to bed with for five years, minimum, says Patrick Colville, an analyst at Deutsche Bank. I'm just a CEO.". I was rejected at least a dozen times by IBM. June 7, 2021. Frank Slootman Net Worth 2020/2021, Salary, Age, Bio, Weight, Height Its [always] been too late. The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into But . Snowflake CEO Frank Slootman's discussion of diversity in hiring in this June 3 interview with Emily Chang on "Bloomberg Technology" prompted him to issue an apology on Monday after some . Talk to him at length, though, and watch the patterns, and you can see thats not true. Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? I am truly a hybrid Dutch-American. His sailing group which included the Hong Kong business mogul Karl Kwok and the real-estate investor Manouch Moshayedi gradually dissolved amid squabbles over rules. I entered the US in 1984. "It was not the kind of environment that I enjoyed participating in," Haldeman said. I always felt I was born in the wrong country. But the question becamehowgreat The son of a military veteran and an artist, Slootman studied economics at Erasmus University in Rotterdam, Netherlands, before moving to the US with a dream of working for IBM, the CEO told Forbes. To his relief, Begun told him a few weeks later that the new CEO valued his hustle and loyalty to the product. Public asset : 162,785,053 USD. Thierry co-founded Snowflake and currently serves as Chief Technical Officer. Snowflake is a cloud data-warehouse-as-a-service company operating in a sector expected to grow to $4.69bn revenues by 2024. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. Derk Lupinek serves as General Counsel of Snowflake. Under his tenure, Snowflake's customer count grew from 80 in June 2015 to . 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. It currently boasts a market capitalization of $81 billion on trailing sales of roughly $580 million. I will return to it at some point. 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. [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]. Frank Slootman is the biggest Snowflake of them all. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. 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. Similar is the scenario with his married life. Slootman, 62, took over a nondescript conference room on the second floor of Snowflakes Dublin, California, office, embarking on a series of meetings that now rank with Mark Zuckerbergs Harvard dorm coding sessions in terms of value per hour. The company is going to have a great outcome 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. Frank took us from a very large startup and made us into a very large, well-oiled machine, Luddy told Forbes in 2018. ", Wyss said that every now and then Slootman would loosen up. Subscribe. One major cause for the shock: By all appearances, Snowflake wasnt strugglingand it already had a high-profile CEO. Following the sale, he became Senior Vice President and CFO of EMCs Software Group. We were in a shit fight all the time. And we're all just like, 'Did Frank just call the customer our homies?' Frank Slootman. He also served as Vice President of Product Marketing and Product Management at VERITAS Software, which Symantec acquired. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. In 2016, Slootman donated $250 to Ryan Zinke, the Interior secretary of President Donald Trump who stepped down in 2018 while he was the subject of several ethics investigations. "My wife's still wondering what the hell happened.". Otherwise, Im going to go ahead and run the company.. She served as a member of the Executive Committee of the Bay Area Council, and the boards of directors for the California Academy of Sciences and the University of Arizona Eller College of Management. Frank Slootman is currently a married man. has extraordinary upside. Benoit Dageville co-founded Snowflake and currently serves as President of the Product division. If Im doing a bad job, you should go ahead and fire me. Stay up to date with what you want to know. It . A standout economics student at Erasmus University Rotterdam, Slootman finished school a year early to pursue internships in the United States. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . In 2003, he became CEO of storage startup Data . Blocks & Files: What was it about Snowflake that attracted you? He'd stay for 20 or 30 minutes, and the customers' jaws would drop and they'd be on the edge of their seat. concealing modifications he made to another owner's boat. this valuation by any means. Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. "He was very focused on winning the races, and he won pretty much everything," Robbie Murphree-Gabriel, the former logistics manager of Slootman's sailing operation, said. "When you have the potential [to build] one of the game-changing companies of all time, you should take the chance," Speiser told Forbes. Formerly Jayshree was Senior Vice President at Cisco, responsible for a $10B business in datacenter, switching and services. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Having built ServiceNow to a market cap of $14 billion by 2017 (its valued at seven times that today), Slootman was focused on bringing back professional yacht racing to California and running a conservation and animal welfare foundation from his Montana ranch. Frank Slootman Bio: Early Life. But certainly I did it, says Muglia, noting that overall spending at Snowflake increased after he left. Frank Slootman is the CEO of the Cloud-based data storage company Snowflake. president and CEO at Data Domain between June 2003 and July 2009. Over the past 20 years, as CEO of Data Domain and then ServiceNow and now Snowflake, Frank Slootman has generated extraordinary growth and success for each company and established himself as one of the world's top CEOs. The seven-day competition, the Transpacific Yacht Race, was a test of both mental and physical stamina, in which he navigated his boat with a 10-person crew while cold, wet, and sleep-deprived. Have I told you my point of view on boards? 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 . He sees himself as someone who bootstrapped his way up, people said. She also worked in GEs corporate headquarters, and Transportation Systems and Aerospace divisions. degree from UC Hastings College of the Law. Slootman's long-time right-hand man, Michael Scarpelli, who had worked with Slootman at both ServiceNow and Data Domain, took over the chief financial officer job from Tuchscherer. Co-Founder & President of Product. 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 . An IPO is a blip on the radar, a mile marker during the marathon, he says now. I'd just throw the deck out because forget about it, Frank's here. This stock is being completely driven by the Robinhood crowd., Perhaps Slootmans greatest triumph so far: selling both outside experts and those within the company on the possibilities of Snowflake 2.0, its shift from being a data warehouse to more of a data hub on which businesses can securely (and temporarily) share information with each other, develop apps and feed their data into artificial intelligence tools. Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children Every other CEO of a company's making statements about how they support diversity, but you're not doing anything.'". He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. Profile of Billionaire Snowflake CEO Frank Slootman - Business Insider To make the company more Wall Street ready, Snowflake started working with its bigger customers to show them where they were wasting money running needless reports. Its much easier to select [Snowflake]., One unanticipated challenge, however: Snowflakes current stock price, which has exceeded even Slootmans expectations ,and which, as of mid-January, was trading at a revenue multiple of 140 times its estimated fiscal 2021 revenue, ahead of cloud darlings Crowdstrike, Okta and Zoom. Snowflake. The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups.
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