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See Bio. He also co-founded Epinions.com, worked as a consultant at McKinsey & Company, and was an analyst with CS First Boston. In 2007, he took the data-storage company public, and two years later, he oversaw its $2.4 billion acquisition by EMC, which was later bought by Dell. "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. It was a very high 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. Prioritizing the development of raw talent with high upside, Slootman was able to stabilize Compuware. "You know, you're not going far enough, you're not going hard enough, you're not going fast enough. Snowflake Inc. CEO Frank Slootman apologized in a blog posted on Monday about comments he made to Bloomberg TV last week in which he said diversity should be . "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. She is a frequent speaker on topics including corporate board diversity, sponsorship and inclusion, and was a Stanford Entrepreneurial Thought Leaders speaker. 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. Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. Frank took us from a very large startup and made us into a very large, well-oiled machine, Luddy told Forbes in 2018. Most recently, Christian worked at Google leading YouTubes infrastructure and data systems. the board gives me the chairman title or not does not matter. In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. The IPO was the third for Slootman, who moved to California for a job at Compuware in the dot-com boom, then worked at Borland Software. character and had an email interview opportunity. Just as his hero Patton was described as paranoid yet brilliant, Slootman said he lives in constant fear of inferiority. 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. Had they During his six-year tenure he help grow the business from $75m in annual revenues to $1.5bn. degree in engineering management. Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. 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. 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. Slootman retired in 2017, but the break was short-lived. When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. He wants answers, he wants change, he wants to grow the business. Do you get on with Larry Ellison with regard to sailing? After his retirement from ServiceNow, Slootman poured millions into his sailing hobby, people familiar with his sailing operation said. Frank Slootman is the CEO of the Cloud-based data storage company Snowflake. We were in a shit fight all the time. In a June 2019 Insider interview, weeks after he joined Snowflake, the CEO said it was "absurd" that the software company Palantir had been criticized for working with Immigration and Customs Enforcement, and he dismissed the issue of gender-appropriate bathrooms. Talk to him at length, though, and watch the patterns, and you can see thats not true. Frank Slootman is the Chairman and CEO of Snowflake. mean there isnt room for discussion and debate but I will never create or By 1998 Slootman was running Compuwares California office amid the dot-com boom. 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. And there'd be some praise or whatever," Chandna said. It took on another $450 million, this time at a $4 billion valuation, about nine months later. Thierry is a leading expert in query optimization and parallel execution. In 2011, Slootman joined ServiceNow as its CEO. 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. A Gartner analyst on vacation spotted the executive and crashed the meeting to go full fanboy. Kramer joined Cisco in 2012 as Senior Vice President of Corporate Finance. We were seen as the Published Apr 13, 2021. So, the day after Snowflakes public offering, he was back to business as usual, demanding that executives present their plans for the next quarter and beyond. The job of the board is to hire and Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Denise Persson. Slootman: I entered the US in 1984. Business is what I'm good at.". "You're going to always alienate someone whatever you do, whether you're neutral or you take a stance," the former employee said. Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. I never worked in Holland, but was born, raised and educated there. Each member maintained a grueling schedule of three hours on deck followed by three hours of sleep, 24 hours a day. I will still Chief revenue officer Chris Degnan figured his lack of experience in such a structured sales organization would be enough for Slootman to show him the door. Michael Scarpelli serves as Chief Finance Officer at Snowflake. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. Are you now a professional CEO rather than a startup boss? This is good news for Snowflake.. Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. 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. How much Net Worth does Camille Razat have in 2023. But the question becamehowgreat In both her ServiceNow and Snowflake roles, Sylvia was instrumental in scaling HR functionality in hypergrowth environments into successful and sustainable post-IPO trajectories. He'd stay for 20 or 30 minutes, and the customers' jaws would drop and they'd be on the edge of their seat. People want to be patted on the back and feel good I'm into not feeling good.". The assignment itself was another challenge: Compuware was bleeding employees to Silicon Valleys emerging powers. "We did not come in peace," he wrote. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. Chris is married with 2 daughters and is an avid skier and golfer. Under his tenure, Snowflakes customer count grew from 80 in June 2015 to more than 1000 in January 2018. Eight years later, with Snowflake, he had to do it over Zoom. However, the details of his conjugal life are known to few. The company currently has a market cap of $48 billion. Mike Scarpelli. CEO Frank Slootman made $287,990 in salary in 2019. It was hard for me to work in a big company, too slow and rigid, just not inspired. He joined Yahoo! Blocks & Files: Which other CEOs do you admire and why? Slootman, 62, took over a nondescript conference room on the second floor of Snowflake's Dublin, California, office, embarking on a series of meetings that now rank with Mark Zuckerberg's . 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. Prior to Cisco, she was Vice President and Chief Financial Officer of GE Healthcares Healthcare Systems business. He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. He is still on the boards at Pure and Elementum. Because we think Frank was trying to say some Compton slang or something.". Rather than the usual grilling, Slootman was toasted instead. "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. In Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity, he shares his . Slootman has no qualms breaking with convention. We're getting a no-nonsense guy who quotes Patton.'". 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. The flip side: sticker shock, as companies bills rapidly grew, and unpredictability, as Snowflake struggled to deliver accurate revenue projections. See Bio. Key Learnings from: Narrow the Focus, Increase the Quality. At Microsoft, he served as General Manager of the Data Warehousing product unit where he was responsible for a broad portfolio of products. and a few units in field test. behave as if I am the chairman. Sign up for notifications from Insider! I could not resist having an opportunity to bring something 2 min read. One year later, he took the company public with share prices that valued the company at more than $2 billion. 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. to market this promising. Teresa holds a Bachelor of Science degree in Accounting from the University of Arizona Eller College of Management and was named Alumnus of the Year in 2015. What brought to the USA? 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. 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. Public asset : 162,785,053 USD. In 2003, he became CEO of storage startup Data . I never talked to other companies. Concerned about Snowflakes appetite for capital, Speiser approached Slootman, whom he knew through the board of another investment, Pure Storage, to see if he could tempt him to join the companys board. Slootman returned to executive responsibilities in April 2011, taking the chairman and CEO roles at the cloud service company ServiceNow. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 03:45 PM. A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. A CEO must lead a board, period. Prior to BMC, John served as Chief Operating Officer and Senior Vice President of Worldwide Sales and Services with BladeLogic. From January 2015 to December 2020, Kelly Kramer was Executive Vice President and Chief Financial Officer (CFO) at Cisco, managing financial strategy, and overseeing all financial functions, corporate development, mergers, acquisitions, integrations and investor relations for the company with total revenue for fiscal year 2020 of $ 49.3 billion and more than 77,000 employees. In 2019, Slootman's boat manager, the former Olympic sailor Gavin Brady, was investigated by World Sailing, competitive sailing's governing body on suspicion of concealing modifications he made to another owner's boat. He holds a BA from the University of Delaware. The book . Chief Marketing Officer. I just kind of fell into it," he said. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. Stay up to date with what you want to know. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. My eyes are on the horizon., Covering venture capital, cloud and startups. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. Blocks & Files: You were born and raised in The Netherlands. 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?. 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. That doesnt He had built a monster and Data Domain still dominates the purpose-built backup appliance market, 11 years on. Approximately 80% of the Fortune 500 turn to Deloitte for strategies that create shareholder value. in Engineering (Electrical) and an M.S. 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. Frank Slootman currently serves as Chairman and CEO at Snowflake. Jeremy also served as Veritas Executive Vice President of Data Management Group and Chief Marketing Officer. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. As Executive Vice President and CFO, Mark co-led Documentums $1.7 billion sale to EMC. come along often. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. From 2009 through 2011, Mark served as President and Chief Executive Officer of VeriSign, Inc., a provider of internet infrastructure services. As in sailing, the Should Snowflake stumble on its numbers, or if exuberance fades, employees who made their money in the IPO might not want to stick around. Just a month later, Snowflake under Slootman had shifted to become a performance-based business. He settled on a fast-growing but under-the-radar software startup based in Santa Clara called ServiceNow. The investigation was dropped in February because of a technicality, and Brady was given a warning. + Follow. When Covid-19 hit, Snowflake was prepared, having just raised $479 million from investors, including Salesforce, in early February. Most people have no clue what really goes on in board rooms. Chris serves as Snowflakes Chief Revenue Officer and has been with the company since 2013. I used to call it drunken sailors spending. He helped define the architecture and lead database performance efforts for Bulls parallel systems. Im more interested in why you returned to the CEO frontline than the specific possibilities at Snowflake. Slootman: Sailing is in ones blood. 10 Facts About Frank Slootman. Snowflake is a cloud data-warehouse-as-a-service company operating in a sector expected to grow to $4.69bn revenues by 2024. "He wants to kill the competition," he said. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. Visit Business Insider's homepage for more stories. 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. I would say, Were spending like drunken sailors, and they would say, Yes, keep doing it. And it was the right thing to do.. Competitors include Vantage, SAP, Yellowbrick Data, Microsoft Azure and AWS. It's about 40 miles from Snowflake's San Mateo headquarters and a 3.5-hour drive from Lake Tahoe, where the Slootmans have owned a home. He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. 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. 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. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. In other words, he was bored. Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? It currently boasts a market capitalization of $81 billion on trailing sales of roughly $580 million. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. "Don't go to him for the touchy-feely feelings and advice. 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. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. To his relief, Begun told him a few weeks later that the new CEO valued his hustle and loyalty to the product. He holds a B.A. "It was not written under the name of Frank, which is telling," the former Snowflake executive said. Adds Srini Nandury of Summit Insights Group, who has a rare sell rating on Snowflake: Theyve clearly shown they can execute, but I cant justify this valuation by any means. Every other CEO of a company's making statements about how they support diversity, but you're not doing anything.'". Teresa has been a stabilizing force in the C-suite and boardroom of influential companies across the technology, retail, consumer products, and healthcare industries. 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. 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. And while some warn of a backlash, for Slootman, who has compared himself to World War II Gen. George S. Patton, his main concern is winning. ", Wyss said that every now and then Slootman would loosen up. With an exit in his back pocket, Slootman had his pick of companies for his next act, in 2011. this valuation by any means. Previously, Sunny has held leadership roles at VMWARE, JDSU, Deloitte Consulting and Andersen Consulting. to shift gears to pure scale execution, and we are dealing with that now every Hes, like, Im getting [to be an] old man, I dont have time to wait. Thats just how he operates, Degnan says. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. He played a critical role in transforming BladeLogic from a startup, to a public company, to the firms $880 million acquisition by BMC Software. Here's how he makes and spends his fortune. from Seattle University School of Law. Says Dageville: We have a lot of pressure to deliver on this valuation.. Co-Founder & President of Product. "Frank would never do that. Forbes reports that Slootman turned into a very rich person with a net worth of $1.8 billion in September 2020 as Snowflake shares took off 115% in the IPO. 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.