Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . "I never decided to go back or talked to anybody. If Im doing a bad job, you should go ahead and fire me. We sailed straight in. 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. We were seen as the But this whole Snowflake exercise could have turned out dramatically different, the CEO says, if the founders had pursued their original premise for what the company should be. I have never crossed paths with Larry Ellison on the sailing front although Ive had many crew over the years who sailed with Larry. Under the companys Amazon-style pricing, customers could easily expand their usage over time. Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. 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. 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. This story appears in the March 31, 2021 issue of Forbes Magazine. John was responsible for $1.4B in annual revenue, when he served as Senior Vice President of Worldwide Sales and Services at BMC Software. Sailing is a small world. Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married - Bioagewho An established thought leader, Teresa created Deloittes onBoarding Academy, a board readiness program, and she has demonstrated her commitment to board diversity through creation of Deloittes Women on Boards program. Before Google, Greg spent six years at Sun Microsystems, working on Java runtime environments and operating systems. In a rare interview, the press-shy Speiser discussed the difficult decision to fire Muglia: When you have the potential [to build] one of the game-changing companies of all time, you should take the chance., Just one problem: No one told Muglia until the day the company announced the coup. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. A representative for Snowflake declined to comment for this article. This article "Frank Slootman" is from Wikipedia. Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. Slootman told CNBC in October that he had no time for Silicon Valley's "lattes and neck rubs" culture. I have empathy with a lot of quarterbacks who dont know to retire, he says. And Frank got tired of it. A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. Slootman: I entered the US in 1984. Slootman hasn't shied away from embracing his right-leaning tendencies in a liberal-dominant industry. Founded by billionaire Fred Luddy, ServiceNow was cash-flow-positive and doubling revenue, but understaffedanemic, as Slootman now says. 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. 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. Slootman once again led with sales as a bridge to a better product. That doesnt "He was the king of the hill. Staffers started frantically Googling their new boss. Slootman's investor friend Chandna recalled when the CEO stopped by his home recently. the board gives me the chairman title or not does not matter. Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children 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?. Its much easier to select [Snowflake]., One unanticipated challenge, however: Snowflakes current stock price, which has exceeded even Slootmans expectations ,and which, as of mid-January, was trading at a revenue multiple of 140 times its estimated fiscal 2021 revenue, ahead of cloud darlings Crowdstrike, Okta and Zoom. Teresa Briggs is a senior executive with deep experience in strategy, business transformation, and governance. Slootman began to hone his skills: He put more energy into short-term sales, worked to improve the product and raised cash to keep the business afloat. to shift gears to pure scale execution, and we are dealing with that now every 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. Slootman sold his seven-figure boat to a Chicago couple in 2019 to focus on what would end up being his biggest win of all: taking over as CEO of Snowflake, a seven-year-old cloud-based data-warehousing company, which had until then been led by ex-Microsoft exec Bob Muglia. In 2003, he became CEO of storage startup Data . After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Snowflake: Not What You May Think It Is - Datanami "Frank would never do that. 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. Frank Slootman is the biggest Snowflake of them all. Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, https://xconomy.com/san-diego/2011/04/26/service-now-names-software-industry-veteran-frank-slootman-as-ceo/, https://www.businessinsider.com/servicenow-frank-slootman-interview-2012-8, https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/amp/, https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html, article "Frank Slootman" is from Wikipedia, https://wikitia.com/index.php?title=Frank_Slootman&oldid=81954, Articles with topics of unclear notability, All articles with topics of unclear notability. The Slootmans also have a ranch in southwestern Montana. 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 . eight hundred pound gorilla in the space, but we sure did not start Kramer has extensive experience in financial planning and analysis, profit-and-loss leadership, and mergers and acquisitions. Scarpelli got to work on Snowflakes books. I never talked to other companies. "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. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Frank Slootman Bio: Early Life. Published Apr 13, 2021. The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into I entered the US in 1984. Write CSS OR LESS and hit save. 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. 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. 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 . Had they 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. It . Working with a wide range of clients including TPG, Nordstrom, Yelp, McKesson, and PG&E, Teresa earned her reputation as one of the most trusted advisors in the Bay Area. The former Snowflake executive said Slootman always set the expectations high, and then higher. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. out that way.. Previously, Mike was Vice President and Technical Advisor to Symantecs Chairman & CEO. During his six-year tenure he help grow the business from $75m in annual revenues to $1.5bn. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Snowflake CEO Frank Slootman Discusses What's Next for the Data Cloud Public asset : 162,785,053 USD. Previously, Sunny has held leadership roles at VMWARE, JDSU, Deloitte Consulting and Andersen Consulting. Benoit Dageville. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam. Slootman and his crew won by nearly four hours. 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. Analysts say it continues to beat Amazon and the tech giants products head-to-head; as Snowflake gets bigger, it can negotiate better rates, too, driving down its operating costs. 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. 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. These are multiples, frankly, that the world hasnt seen since the internet bubble in 1999, says Brad Zelnick, an analyst at Credit Suisse. "So Frank talked to me for two minutes and he was, like, 'Wow. Data Domain was running out of money; its technology, while theoretically more powerful than the existing alternatives, ran prohibitively slowly. Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. But Slootman was more interested in running the show, and Snowflake seized the opportunity.