After successfully building out its Java development and testing business, Slootman received his first CEO job offer in 2003, when investors in a data-storage startup tapped him for another rescue. Prioritizing the development of raw talent with high upside, Slootman was able to stabilize Compuware. If Im doing a bad job, you should go ahead and fire me. 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. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. He is still on the boards at Pure and Elementum. "So Frank talked to me for two minutes and he was, like, 'Wow. Eight years later, with Snowflake, he had to do it over Zoom. The investigation was dropped in February because of a technicality, and Brady was given a warning. The ever-cocky Slootman relishes the idea of proving the doubters wrong. 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. Sailing is a small world. But the question becamehowgreat She began her career at collaboration software company Genesys, where she built and led a global marketing organization. This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. doing well, like Snowflake. Was it purely the job with Burroughs or was there something else? 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). After all, the former Snowflake executive said Slootman made it crystal clear that his No. Start your free trial. Data Domain Inc. Jun 2003 - Jul 20096 years 2 months. These LOBS could switch on a service instead of needing their own software tools to manage processes. Prior to Snowflake, Greg spent 13 years at Google, where he was VP of Engineering responsible for a broad portfolio of Google Cloud data analytics and machine learning products and for internal services addressing data analytics needs of all of Googles businesses. 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. Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . 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 . Prior to joining Snowflake, she served as CMO for Apigee, an API platform company that went public in 2015 and Google acquired in 2016. 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. Frank further added the fact that he always felt like he was born in the wrong country. Derk Lupinek serves as General Counsel of Snowflake. Frank Slootman received an undergraduate degree and a graduate degree from Erasmus University Rotterdam. A CEO must lead a board, period. by Frank Slootman. 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. Snowflake was founded in August 2012 by Dageville and Cruanes, two French-born database experts from Oracle, and was backed by Sutter Hill, whose venture capitalist Mike Speiser served as its first CEO. He had built a monster and Data Domain still dominates the purpose-built backup appliance market, 11 years on. that outcome could be. As President and CEO of Arista for over a decade, Jayshree Ullal is responsible for Aristas business and thought leadership in cloud networking. 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. This stock is being completely driven by the Robinhood crowd.. Mar 11, 2021, 11:30 ET. What's between them going even faster?'". And eventually, his journey led him to Data Domain. How would you define your role? Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. 10. to shift gears to pure scale execution, and we are dealing with that now every His personal net worth, an estimated $2.2 billion, is an extraordinary figure for someone who has never been part of a company in its earliest days. 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. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. Its [always] been too late. Slootman may be one of the highest-paid tech CEOs in the US, but he defies nearly every stereotype in an industry where air-hockey tables fill conference rooms and companies are rushing to hire diversity-and-inclusion executives. Slootman knows exactly what he's doing. Do you get on with Larry Ellison with regard to sailing? Slootman told CNBC in October that he had no time for Silicon Valley's "lattes and neck rubs" culture. Talk to him at length, though, and watch the patterns, and you can see thats not true. Frank Slootman Bio: Early Life. Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. It also changes over time. 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. It took on another $450 million, this time at a $4 billion valuation, about nine months later. CEOs that have a relentless, unapologetic focus on the business. Biography of Frank Slootman : Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. degree from UCLA and a J.D. Staffers started frantically Googling their new boss. + Follow. Muglia, for his part, told Insider that he couldn't comment on the personality of his replacement. I was never a mainframe guy. 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. Slootman: Sailing is in ones blood. I worked on the merger of Burroughs and Sperry which became Unisys. 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. "Everybody was out to get him," Gabriel said. Todd Johnson/San Francisco Business Times, Christie Hemm Klok/The Forbes Collection via Contour RA, NOW WATCH: Companies ignoring climate change will be on the 'wrong side of history,' says World Economic Forum executive chairman. time I joined, Data Domain had about 20 employees, no customers, no revenues, In early 2018, just over a year before his dismissal, Muglia met Forbes for breakfast at a New York hotel. In 2014, after two years under the radar focusing on shipping the software, Speiser tapped Muglia to replace him as CEO. Chris is married with 2 daughters and is an avid skier and golfer. Its about getting this entire organization to go in one direction.. In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. . Most recently, Christian worked at Google leading YouTubes infrastructure and data systems. By Labor Day, it had become clear that Frank Slootmans third initial public offering would not be like the other two. Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. I am truly a hybrid Dutch-American. 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. I still dont think Ive ever taken anybody out of a job too soon. In 2003, he became CEO of storage startup Data . An IPO is a blip on the radar, a mile marker during the marathon, he says now. come along often. Because we think Frank was trying to say some Compton slang or something.". Muglia received two days' notice before Slootman was introduced to employees in an all-hands meeting. 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. This story appears in the March 31, 2021 issue of Forbes Magazine. 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. Which was then followed by his association with Compuware and software company Borland. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 03:45 PM. "It was not written under the name of Frank, which is telling," the former Snowflake executive said. Inside Snowflake, Slootman reengaged cofounder Dageville, now a billionaire himself, to spearhead the project; outside, analysts trust Slootman to figure it out. He has more than 15 years of management and leadership experience. 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 . He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. Publisher (s): Wiley. data warehousing is shifting inexorably to the cloud, Scale Computing: Idea that customers should run multiple edge compute platforms is absurd, S3, file access and high performance this is not your old object storage, UniFabriX doubles rack server density with CXL, Single sales rep inflated WANdisco numbers, Komprise service auto tiers files to Azure blobs, Pure Storage updates FlashArray Purity OS, ChatGPT hype snags database startup $100M. 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. I need to spend the little bit of time I have left over with my family, not sailing. The board was the one telling me to spend money, the board was just as strongly behind this. 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. 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. By the close of Snowflake's first day . See Bio. He owns 5.9% of Snowflake. Frank Slootman is currently a married man. 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. Of the virtual IPO he says, I absolutely loved it.. degree in engineering management. Snowflake, a cloud-based data-warehousing company, went public at $120 a share, and has since seen shares trade as high as $328 per share. I would say, Were spending like drunken sailors, and they would say, Yes, keep doing it. And it was the right thing to do.. Genevieve Haldeman, the vice president of corporate communications at ServiceNow between 2014 and 2016, said she felt that Slootman's leadership style could make for an abrasive workplace. Slootman's pay includes more than 13.7 million options with a strike price of $8.88. 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?. You can look at my private companies and see how that turned out, he says. "But he felt as though he were a minority given that he was an immigrant," the former employee said. through the acquisition of Bix, where he served as CEO. His first action: reorganizing the sales arm of the business to separate large customers from small, focusing more intently on converting the bigger fish. The job of the board is to hire and He joined Yahoo! Country of residence : Unknown. 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. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. We won many races, including the Transpac overall in 2017, but I sold and donated all my boats so I can concentrate on the Snowflake journey. Your email address will not be published. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO.
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