Slootman knows exactly what he's doing. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). With Scarpelli's help, Slootman started cutting costs. 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. That's it.". Frank further added the fact that he always felt like he was born in the wrong country. He helped define the architecture and lead database performance efforts for Bulls parallel systems. Each member maintained a grueling schedule of three hours on deck followed by three hours of sleep, 24 hours a day. 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. Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. I used to call it drunken sailors spending. "When you have the potential [to build] one of the game-changing companies of all time, you should take the chance," Speiser told Forbes. 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. 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.' Snowflake CEO: Projecting revenue is challenging, so we prefer - CNBC Just six months in, he had lined up his anchor investors, including Dragoneer Investment Group and Marc Benioffs Salesforce. "They don't need me to have bathrooms with all kinds of unintelligible signs on it for what bathroom you're supposed to use," Slootman said. Similar is the scenario with his married life. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning . re-enter the workforce. Its about getting this entire organization to go in one direction.. In Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. 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. One year later, he took the company public with share prices that valued the company at more than $2 billion. I become the CEO I need to be, the one that the situation At Microsoft, he served as General Manager of the Data Warehousing product unit where he was responsible for a broad portfolio of products. I was rejected at least a dozen times by IBM. In addition, her organization managed finance for the companys supply chain, marketing, corporate communications, operations, HR, and IT groups. Theyve clearly shown they eight hundred pound gorilla in the space, but we sure did not start Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. Published Apr 13, 2021. "Frank said, 'So the IT service managers, those are our homies, right?' I worked on the merger of Burroughs and Sperry which became Unisys. That's not him at all. What is the appeal of that? I campaigned our TP52 Invisible Hand for three years. regardless of who is CEO. "You know, win at all costs and don't mind who gets caught in the crosshairs. ", The post raised collective eyebrows at Snowflake, former employees said. Jeff Bezos In 2014, after two years under the radar focusing on shipping the software, Speiser tapped Muglia to replace him as CEO. Which was then followed by his association with Compuware and software company Borland. 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. Did you still want to challenge yourself at the helm of a company that could do great things? The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. past. Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE Frank Slootman received an undergraduate degree and a graduate degree from Erasmus University Rotterdam. Copyright 2023 | WordPress Theme by MH Themes, Check Out The Net Worth of Hallea Jones! Insiders said Slootman has torn up the do-gooder playbook of Big Tech's liberal elite and replaced it with a hard-charging, profit-driven ethos that doesn't pay lip service to things like diversity and social justice. 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?. But all that changed when Slootman came aboard. During his six-year tenure he help grow the business from $75m in annual revenues to $1.5bn. Doug, thank you for that comment, Slootman replied. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" Chris is married with 2 daughters and is an avid skier and golfer. Earlier in his career, he spent nearly a decade at Oracle as Senior Vice President of Product and Services Marketing. He retired from Adobe in April 2018. Tell me more, Asheem.' I still dont think Ive ever taken anybody out of a job too soon. In his book We're not into that. Muglia said that when he was CEO the board of directors encouraged a culture of free spending. 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. 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 Offers Apologies, Support for Hiring Diversity I learned from that experience that I dont want to be in an elevator thats going down, he says. 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. 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. Teresa Briggs is a senior executive with deep experience in strategy, business transformation, and governance. After fighting so hard to become a CEO, Slootman doesnt know how to do anything else. And eventually, his journey led him to Data Domain. "For many, this is very attractive," Slootman said of San Diego's laid-backness. 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. In the weeks after the Slootman era kicked off at Snowflake, executives filed into Slootmans unadorned office one by one to meet the boss, while Speiser, the one who had reached out to Slootman, filled in for him in meetings. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. So after a while Im, like, Instead of bitching about it, Ill just stick to these train wrecks and show you what I can do with them.. Frank Slootman is the biggest Snowflake of them all. You rarely saw him around the office.". Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. Prioritizing the development of raw talent with high upside, Slootman was able to stabilize Compuware. Stay up to date with what you want to know. I have never crossed paths with Larry Ellison on the sailing front although Ive had many crew over the years who sailed with Larry. "You're going to always alienate someone whatever you do, whether you're neutral or you take a stance," the former employee said. Snowflake's vision is a world with unlimited . Snowflake Inc. - Wikipedia Christian Kleinerman is a database expert with over 20 years of experience working with various database technologies, currently serving as Senior Vice President of Product at Snowflake. It currently boasts a market capitalization of $81 billion on trailing sales of roughly $580 million. 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. Do you get on with Larry Ellison with regard to sailing? By 1998 Slootman was running Compuwares California office amid the dot-com boom. by Frank Slootman. Thierry Cruanes. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. Time will tell, of course. John was responsible for $1.4B in annual revenue, when he served as Senior Vice President of Worldwide Sales and Services at BMC Software. Some employees were irked when the CEO shut down a leased WeWork office in San Francisco and instead rented a new office space in the East Bay area that happened to be a 10-minute drive from Slootman's home, one former executive said. 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. The flip side: sticker shock, as companies bills rapidly grew, and unpredictability, as Snowflake struggled to deliver accurate revenue projections. He talked about several new and exciting trends, including Snowflake's increased focus on vertical industries, new ways that customers and partners will be able . #1905 Frank Slootman on the 2023 Billionaires - Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in . 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. Dominic Ruso, ServiceNow's former vice president of finance, replaced Balaguras. Under the companys Amazon-style pricing, customers could easily expand their usage over time. Founded by billionaire Fred Luddy, ServiceNow was cash-flow-positive and doubling revenue, but understaffedanemic, as Slootman now says. I was never a mainframe guy. Scarpelli holds a bachelors degree in economics from the University of Western Ontario. But Slootman was more interested in running the show, and Snowflake seized the opportunity. 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. The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. He's donated $14,550 to Republicans in the past five years, according to the Center for Responsive Politics. Chairman and Chief Executive Officer. This article "Frank Slootman" is from Wikipedia. Of the virtual IPO he says, I absolutely loved it.. 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. How Much Snowflake CEO Frank Slootman Made in 2019 - Business Insider 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. 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 . But sailing couldn't keep him occupied for long. When you win, nobody can hurt you. 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. CTRL + SPACE for auto-complete. But the question becamehowgreat Amp it up and the results will follow. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. "He's not somebody who has a need to be liked.". Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife We were in a shit fight all the time. "It's a hard way to live because you always feel inadequate," he said on a December episode of the "What Got You There" podcast. Prior to Adobe, Mark held senior leadership positions at Documentum and EMC. For seven days in mid-September, packing in everything from a series of one-on-one meetings to large presentations, the naturally gruff Slootman met over Zoom with more than 1,000 people, including fund managers and investment bankers, who were on hand to win a piece of his IPO. The job of the board is to hire and fire the CEO. Data Domain Inc. Jun 2003 - Jul 20096 years 2 months. He owns 5.9% of Snowflake. Slootman was winning so often that rumors started swirling that he had to be cheating. At the "But he felt as though he were a minority given that he was an immigrant," the former employee said. In early 2018, just over a year before his dismissal, Muglia met Forbes for breakfast at a New York hotel. 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. But . 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. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. She is a recipient of the SFSU and SCU Distinguished Alumni Awards in 2013 and 2016. 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. 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.