Slootman was winning so often that rumors started swirling that he had to be cheating. Thierry has a PhD in Computer Science with a focus in Database Systems and holds over 70 patents. Frank further added the fact that he always felt like he was born in the wrong country. Jeremy also served as Veritas Executive Vice President of Data Management Group and Chief Marketing Officer. 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. He retired from Adobe in April 2018. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. Prior to Cisco, she was Vice President and Chief Financial Officer of GE Healthcares Healthcare Systems business. These are people we knew from previous rodeos, Slootman says with a shrug. 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. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. What brought to the USA? It . Stay up to date with what you want to know. He helped define the architecture and lead database performance efforts for Bulls parallel systems. Denise holds a BA in Business Administration and Economics from Stockholm University, and holds an MBA from Georgetown University. Slootman's pay includes more than 13.7 million options with a strike price of $8.88. many layers between me and the action. Public asset : 162,785,053 USD. Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. "And so I think by remaining neutral, you can allow everyone the freedom to have their own opinion and then keep that separate from work.". afar. with a proven track record to grow companies even more quickly and take to IPO. 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. Write CSS OR LESS and hit save. "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. Just six months in, he had lined up his anchor investors, including Dragoneer Investment Group and Marc Benioffs Salesforce. Competitors include Vantage, SAP, Yellowbrick Data, Microsoft Azure and AWS. Michael Scarpelli serves as Chief Finance Officer at Snowflake. And when you lose, nobody can help you., During his short-lived retirement, Slootman raced aboard his Pac52 Class 52-foot yacht, Invisible Hand. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Chris serves as Snowflakes Chief Revenue Officer and has been with the company since 2013. He was more insulated. Sylvia Pagan. Data Domain Inc. Jun 2003 - Jul 20096 years 2 months. The former Snowflake executive recalled Slootman once saying: "I'm not good at hobbies. In 2003, he became CEO of storage startup Data . Frank explained. She led the company to a historic and successful IPO in June 2014 from zero to a multibillion-dollar business. After that it was board membership; Pure Storage, Medallia and Elementum SCM,and more VC investing with his own Invisible Hand Ventures. Copyright 2023 | WordPress Theme by MH Themes, Check Out The Net Worth of Hallea Jones! However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. See Bio. And it was the right thing to do," Muglia recently told Forbes. The investigation was dropped in February because of a technicality, and Brady was given a warning. The thing I liked about sailing was that if you make a mistake, its obvious within minutes.. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. Thierry co-founded Snowflake and currently serves as Chief Technical Officer. 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. He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. In June, when Snowflake announced it was forming a diversity council, employees were surprised to see that the press release was written by Eve Besant, Snowflake's vice president of worldwide sales engineering. 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. Snowflake Appoints Frank Slootman as Chairman and CEO Derk Lupinek serves as General Counsel of Snowflake. As for Slootman, he has reached nearly mythic status in Silicon Valley as he continues to captain the ship at one of the industry's most prominent success stories of the past decade. 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. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Its like being on the Americas Cup boats: Every day is about sailing faster, says Denise Persson, Snowflakes CMO. The Slootmans also have a ranch in southwestern Montana. When executives at a later company, Compuware, realized in 1995 that an acquisition in Amsterdam was going sideways, its young staffer, a native Dutch speaker, was given a chance to clean up the mess. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. How Snowflake CEO Frank Slootman became a billionaire by ripping up the Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. What's between them going even faster?'". "If you tell most people that, they'll be like, 'Wow, that sounds like an amazing company. that outcome could be. If Im doing a bad job, you should go ahead and fire me. Was it purely the job with Burroughs or was there something else? The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. Johns career in enterprise software has focused on building and running world-class sales, marketing, and professional services organizations. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. But the question becamehowgreat 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. 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 . 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. Should Snowflake stumble on its numbers, or if exuberance fades, employees who made their money in the IPO might not want to stick around. Benoit is a leading expert in parallel execution and self-tuning database systems. Teresas governance experience extends from her time in the boardrooms of many of her major clients to Deloittes U.S. board of directors, where she served on committees overseeing compensation, M&A, risk and regulatory matters (including cyber), and large internal investments. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. Every other CEO of a company's making statements about how they support diversity, but you're not doing anything.'". He helped define the architecture and lead database performance efforts for Bulls parallel systems. A standout economics student at Erasmus University Rotterdam, Slootman finished school a year early to pursue internships in the United States. Jeff Bezos briefly valued more highly than IBM at one point not long after its IPO, Slootman said of San Diego's laid-backness, valued the company at more than $2 billion. Chief Human Resources Officer. My eyes are on the horizon., Covering venture capital, cloud and startups. Christian earned his bachelors degree in Industrial Engineering from Los Andes University, and he is a named inventor on numerous Snowflake patents. Says Dageville: We have a lot of pressure to deliver on this valuation.. And the reason is, CEOs are only there for one reason, and that is they need to win. Experience obviously Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. in Engineering (Electrical) and an M.S. Stay up to date with what you want to know. Slootman told CNBC in October that he had no time for Silicon Valley's "lattes and neck rubs" culture. Snowflake CEO Frank Slootman: How To Boost Growth And Drive - Forbes Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . 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. Benoit is a leading expert in parallel execution and self-tuning database systems. Frank Slootman - Wikitia Frank Slootman received an undergraduate degree and a graduate degree from Erasmus University Rotterdam. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. 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. 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. Snowflake CEO Frank Slootman sat down recently for an episode of our Rise of the Data Cloud podcast to discuss what the Data Cloud means for businesses - and what the future holds. Frank Slootman is the biggest Snowflake of them all fire the CEO. Tell me more, Asheem.' I am truly a hybrid Dutch-American. And eventually, his journey led him to Data Domain. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. I used to call it drunken sailors spending. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. Chief Financial Officer. How would you define your role? Sylvia serves as Chief Human Resources Officer at Snowflake. Better modeling and the focus shift to larger accounts also made it easier to guess how users might expand or contract. Eight years later, with Snowflake, he had to do it over Zoom. He joined Yahoo! That's it.". this valuation by any means. Muglia said that when he was CEO the board of directors encouraged a culture of free spending. [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]. 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. temperament that needs an outlet I guess, but I never really decided to 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. summer of 2003 until its acquisition by EMC during the summer of 2009. Soon after graduation, he got enrolled in VP/GM where he had a role straddled for a 3-year stint in Europe as GM of the UNIFACE company. Theyve clearly shown they She would also help a board address key issues including digital transformation, human capital, governance, and M&A. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Chairman and Chief Executive Officer. This is good news for Snowflake.. 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. bar after ServiceNow. She is a frequent speaker on topics including corporate board diversity, sponsorship and inclusion, and was a Stanford Entrepreneurial Thought Leaders speaker. The book . The list of its authors can be seen in its historical. 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. I was never a mainframe guy. So far, Snowflake is outrunning its competition. Mike Scarpelli. Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. "For many, this is very attractive," Slootman said of San Diego's laid-backness. "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. I was never a mainframe guy. In 2017 and 2018, he donated $10,800 to the congressional campaign of Greg Gianforte, Montana's now governor who made national news in 2017 after body-slamming a reporter and getting elected to Congress the next day. Investor Sequoia wanted an executive with more experience building a sales team to target the worlds biggest corporations. In October, Slootman was approved for a 20-year lease at a tiny airport near the home to park a private aircraft. 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. Slootman hit the austerity button all the same, refocusing resources toward the drive trainproduct, engineering, sales and legaland away from less urgent areas like marketing. I'm just a CEO.". "My wife's still wondering what the hell happened.". John was responsible for $1.4B in annual revenue, when he served as Senior Vice President of Worldwide Sales and Services at BMC Software. 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 2011, Slootman joined ServiceNow as its CEO. "I'm sure anyone who was a woman or a minority group or LGBT was like, 'What the heck? Snowflake CEO Frank Slootman talks vision, AWS tension and IPO plans Slootman: Snowflake "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. were months away from running out of money. Snowflake: Not What You May Think It Is - Datanami The energy, buoyancy, and temperament in this country greatly appeal to me. I worked on the merger of Burroughs and Sperry which became Unisys. See Bio. Get to Know Snowflake's Leadership Team | Snowflake The appearances do not bother me. 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.

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