He settled on a fast-growing but under-the-radar software startup based in Santa Clara called ServiceNow. 10. comes to mind first, I have learned lessons from Amazon just observing from With more than 30 years of networking experience, she is the recipient of numerous awards including E&Ys Entrepreneur of the Year in 2015, Barrons Worlds Best CEOs in 2018 and one of Fortunes Top 20 Business persons in 2019. In July 2017, two years before he took over as the chief executive of Snowflake, Frank Slootman raced 2,225 miles across the Pacific Ocean, from the California coast to the Hawaiian island of Oahu, on Invisible Hand, his sleek 52-foot sailboat made from carbon fiber and 3D-printed titanium. When he became CEO of Snowflake, Frank Slootman cut costs, including the company ski trip to Tahoe. Slootman hasn't shied away from embracing his right-leaning tendencies in a liberal-dominant industry. Teresa previously served as a Vice Chair & West Region and San Francisco Managing Partner of Deloitte, and as Managing Partner, Silicon Valley. Frank Slootman is the CEO of the Cloud-based data storage company Snowflake. 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 . leave a leadership vacuum in the board room. At Microsoft, he served as General Manager of the Data Warehousing product unit where he was responsible for a broad portfolio of products. The appearances do not bother me. Frank Slootman is the biggest Snowflake of them all. See Bio. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Your email address will not be published. The job of the board is to hire and fire the CEO. regardless of who is CEO. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. That doesnt The assignment itself was another challenge: Compuware was bleeding employees to Silicon Valleys emerging powers. "He wants to kill the competition," he said. And eventually, his journey led him to Data Domain. Wikitia is not affiliated to Wikimedia Foundation. Slootman once again led with sales as a bridge to a better product. I never worked in Holland, but was born, raised and educated there. He did this in part by diversifying the product set so ServiceNow could sell to lines of business (LOBs) outside the IT department. Snowflake CEO Frank Slootman: How To Boost Growth And Drive - Forbes Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. He had built a monster and Data Domain still dominates the purpose-built backup appliance market, 11 years on. And the reason is, CEOs are only there for one reason, and that is they need to win. Greg has a PhD in Computer Science from Cornell University, an MBA from UC Berkeley, and an undergraduate degree from AGH Krakow, Poland. It has been very obvious by now, that Frank prefers to maintain a tight lip when it comes to talking about his personal life details. "Everybody was out to get him," Gabriel said. "He would take catnaps, but he was always up," Gabriel told Insider. These LOBS could switch on a service instead of needing their own software tools to manage processes. Thierry co-founded Snowflake and currently serves as Chief Technical Officer. 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. 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. At ServiceNow and also at Snowflake you replaced previous CEOs who had already built the companies to substantial sizes. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. ability to rapidly shift so-called modes is crucial. Age : 63. degree in engineering management. Published Jul 7, 2022. You can look at my private companies and see how that turned out, he says. 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. to market this promising. I never worked in Holland, but was born, raised and educated there. Snowflake's vision is a world with unlimited . Snowflake Inc. CEO Frank Slootman is one of the tech world's most accomplished executives in enterprise growth, having led Snowflake to the largest software IPO ever after leading Data Domain and ServiceNow to exponential growth and the public market before that. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). But all that changed when Slootman came aboard. Snowflake Appoints Frank Slootman as Chairman and CEO "I think the moral of that story was don't let failure get you down.". Insiders say the CEO doesn't care about social causes. Around the same time, he began meeting with research analysts who would wind up setting bullish prices for the IPO. 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 Adobe, Mark held senior leadership positions at Documentum and EMC. Frank Slootman - Forbes Chief Human Resources Officer. Very large enterprises are choosing a vendor to go to bed with for five years, minimum, says Patrick Colville, an analyst at Deutsche Bank. 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. In As Slootman put it: "I'm not the leader of the free world. About a year after he came aboard, Slootman took ServiceNow public on the New York Stock Exchange. In 2003, he became CEO of storage startup Data . Snowflake CEO Frank Slootman is the toast of the big data community, and following the $3.4 billion IPO, a favorite on Wall Street too. 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. Frank Slootman is the Chairman and CEO of Snowflake. So its showing them a really nice path forward. re-enter the workforce. 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. Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife Frank Slootman currently serves as Chairman and CEO at Snowflake. Slootman: Sailing is in ones blood. Prior to ServiceNow, Derk was an attorney at Wilson Sonsini Goodrich & Rosati, where he gained broad experience across the firms primary corporate practice areas, including start-up representation, venture financings, capital markets transactions, public company reporting, and mergers and acquisitions. Snowflake Inc. - Wikipedia were months away from running out of money. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. When you win, nobody can hurt you. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. But one former senior employee defended Slootman's approach to social issues. "My wife's still wondering what the hell happened.". Rather than return to Michigan, he jumped to Borland Software, a database darling of the 1980s by then in dire straits. "If you tell most people that, they'll be like, 'Wow, that sounds like an amazing company. Its like being on the Americas Cup boats: Every day is about sailing faster, says Denise Persson, Snowflakes CMO. This story appears in the March 31, 2021 issue of Forbes Magazine. "He would always crash my executive briefings," Wyss said. When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. The investigation was dropped in February because of a technicality, and Brady was given a warning. 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 Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. 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. I campaigned our TP52 Invisible Hand for three years. Teresa has been a stabilizing force in the C-suite and boardroom of influential companies across the technology, retail, consumer products, and healthcare industries. I am truly a hybrid Dutch-American. In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. The issue was not Do I like the company? The issue was How many shares do I get? he recalls in his Dutch accent. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. 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. Given her Audit and M&A Partner experience and extensive boardroom experience, she qualifies as a financial expert and is well-equipped for board and Audit Committee service. Michael Scarpelli serves as Chief Finance Officer at Snowflake. Prior to BMC, John served as Chief Operating Officer and Senior Vice President of Worldwide Sales and Services with BladeLogic. In 2019, before the company went public, Slootman made more than $60 million in total compensation. With a few million dollars left in the bank, we Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. Billboard ads with corny messages like Happy Holi-data soon lined Silicon Valleys main highway, U.S. Route 101. behave as if I am the chairman. Amp It Up [Book] - O'Reilly Online Learning "In the Bay Area, by contrast, it is raw ambition, singular drive, and unbridled capitalism in action.". 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. Frank Slootman received an undergraduate degree and a graduate degree from Erasmus University Rotterdam. from the U.S. Military Academy at West Point and a J.D. He also owned and sailing a boat called Invisible Hand and co-funded the Pac52yachting regatta. Amp it up and the results will follow. 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. 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. It currently boasts a market capitalization of $81 billion on trailing sales of roughly $580 million. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. 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. Snowflake CEO Frank Slootman talks vision, AWS tension and IPO plans 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. It took on another $450 million, this time at a $4 billion valuation, about nine months later. Mike Scarpelli. In July 2017, two years before he took over as the chief executive of Snowflake, Frank Slootman raced 2,225 miles across the Pacific Ocean, from the California coast to the Hawaiian island of Oahu . Deloitte is the worlds largest professional services firm and provides audit, tax, financial advisory, and consulting services to more than 20 industry sectors in over 150 countries. Who is Snowflake CEO Frank Slootman? | The US Sun Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. He has more than 15 years of management and leadership experience. Soon Slootman resumed his old tricks. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. 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. Theyve clearly shown they Teresa Briggs is a senior executive with deep experience in strategy, business transformation, and governance. And there'd be some praise or whatever," Chandna said. to sell more than all its competitors combined. Was it purely the job with Burroughs or was there something else? Because struggling sectors like the travel industry could simply reduce their usage without renegotiating contractsand others, such as those in e-commerce or food delivery, saw demand quintupleSnowflakes sales barely hiccuped. If Im doing a bad job, you should go ahead and fire me. In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. Which was then followed by his association with Compuware and software company Borland. Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. Snowflake is a cloud data-warehouse-as-a-service company operating in a sector expected to grow to $4.69bn revenues by 2024.
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