frank slootman age frank slootman age

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. Wyss said. felt it not equitable for customers. "I used to call it 'drunken sailors' spending. sales barrier in less than seven years, adding more than one thousand employees Also, they havent shared any details on their parenthood, but we believe that the two have a son together. Doug, thank you for that comment, Slootman replied. Its like being on the Americas Cup boats: Every day is about sailing faster, says Denise Persson, Snowflakes CMO. "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. + Follow. 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. Everyone, that is, except Slootman. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. But two sailing associates of Slootman said there was still speculation over whether the tech honcho knowingly greenlighted unapproved upgrades of his own to boost performance. I'd just throw the deck out because forget about it, Frank's here. I still dont think Ive ever taken anybody out of a job too soon. So its showing them a really nice path forward. Frank explained. by Laura Draper, Head of Content. I was never a mainframe guy. Chandna mentioned a Greylock startup that planned on tripling sales. 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. You rarely saw him around the office.". He had built a monster and Data Domain still dominates the purpose-built backup appliance market, 11 years on. I have never crossed paths with Larry Ellison on the sailing front although Ive had many crew over the years who sailed with Larry. ability to rapidly shift so-called modes is crucial. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. 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.. He retired from Adobe in April 2018. Christian earned his bachelors degree in Industrial Engineering from Los Andes University, and he is a named inventor on numerous Snowflake patents. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" is situational. Slootmans my-way-or-the-highway attitude caused a stir when he arrived at Snowflake on April 26, 2019, hours after cofounders Benoit Dageville and Thierry Cruanes informed well-liked CEO Bob Muglia, a Microsoft veteran, that his services were no longer required. Start your free trial. Many of them found a May 2018 LinkedIn post by Slootman in which he compared working at the cloud-service firm ServiceNow and the data-storage company Data Domain to being in the Marine Corps. Of the virtual IPO he says, I absolutely loved it.. But the question becamehowgreat We were undoubtedly slow I was rejected at least a dozen times by IBM. These LOBS could switch on a service instead of needing their own software tools to manage processes. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. Slootman's pay includes more than 13.7 million options with a strike price of $8.88. 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. Before Google, Greg spent six years at Sun Microsystems, working on Java runtime environments and operating systems. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Most people have no clue what really goes on in board rooms. 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. Experience obviously In addition, her organization managed finance for the companys supply chain, marketing, corporate communications, operations, HR, and IT groups. 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. Amp it up and the results will follow. I am truly a hybrid Dutch-American. Grzegorz (Greg) Czajkowski, a distributed systems and organizations scaling expert, is Senior Vice President of Engineering and Support at Snowflake. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? summer of 2003 until its acquisition by EMC during the summer of 2009. After his retirement from ServiceNow, Slootman poured millions into his sailing hobby, people familiar with his sailing operation said. Chief Revenue Officer. Slootman's long-time right-hand man, Michael Scarpelli, who had worked with Slootman at both ServiceNow and Data Domain, took over the chief financial officer job from Tuchscherer. comes to mind first, I have learned lessons from Amazon just observing from to shift gears to pure scale execution, and we are dealing with that now every Mark currently serves as Chairman of the board of directors of Qualcomm, Inc. and as a director of Snorkel.AI. Blocks & Files: What was it about Snowflake that attracted you? Most recently, Christian worked at Google leading YouTubes infrastructure and data systems. 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. I'm just a CEO.". "He's not somebody who has a need to be liked.". As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. Key Learnings from: Narrow the Focus, Increase the Quality. 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. It was hard for me to work in a big company, too slow and rigid, just not inspired. 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. I exercise executive prerogative, he adds. See Bio. Having built ServiceNow to a market cap of $14 billion by 2017 (its valued at seven times that today), Slootman was focused on bringing back professional yacht racing to California and running a conservation and animal welfare foundation from his Montana ranch. Michael Scarpelli serves as Chief Finance Officer at Snowflake. "We did not come in peace," he wrote. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. Competitors include Vantage, SAP, Yellowbrick Data, Microsoft Azure and AWS. Further, Frank also shed some lights on his early work experience at Burroughs. past. It is highly unusual for a board to make leadership changes in a company that is Prior to BMC, John served as Chief Operating Officer and Senior Vice President of Worldwide Sales and Services with BladeLogic. The Dutchman joined Snowflake as CEO in April, after leaving ServiceNow in March 2017 following six years as CEO, where he helped scale the software-as-a-service (SaaS) firm towards becoming the . enters into it, but I try not be a pattern matcher or be confined to my own The Snowflake executive team represents centuries of technology, product and business experience to create and advance the only cloud data platform built to enable the data-driven enterprise. 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 . Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . day and we will from here on out. Tell me more, Asheem.' Which was then followed by his association with Compuware and software company Borland. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. mean there isnt room for discussion and debate but I will never create or Harnessing the clouds flexible computing output as if it were one giant supercomputer, Snowflakes software could locate and organize customers increasingly large amounts of dataconsumer information, product sales, employee overheadthen help make sense of it all quickly and cheaply enough to make it truly useful. with a proven track record to grow companies even more quickly and take to IPO. Slootman: Whether 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. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. About a year after he came aboard, Slootman took ServiceNow public on the New York Stock Exchange. How would you define your role? However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. "So if it's a company that people aren't really interested in working for, it's going to ultimately have an exodus of key talent.". I will still Denise Persson. And there'd be some praise or whatever," Chandna said. Previously, Sunny has held leadership roles at VMWARE, JDSU, Deloitte Consulting and Andersen Consulting. Frank Slootman currently serves as Chairman and CEO at Snowflake. So far, Snowflake is outrunning its competition. "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. As Slootman put it: "I'm not the leader of the free world. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. "I'm sure anyone who was a woman or a minority group or LGBT was like, 'What the heck? Just as his hero Patton was described as paranoid yet brilliant, Slootman said he lives in constant fear of inferiority. 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. Under his sales leadership, Snowflake has grown its annual product revenue from $0 to over $1 billion. To his relief, Begun told him a few weeks later that the new CEO valued his hustle and loyalty to the product. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. Staffers started frantically Googling their new boss. "Frank would never do that. Public asset : 162,785,053 USD. 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. Prior to that, Mark served in several roles at VeriSign, including as Executive Vice President, Products and Marketing. Snowflake is a special company, they just dont The investigation was dropped in February because of a technicality, and Brady was given a warning. This stock is being completely driven by the Robinhood crowd., Perhaps Slootmans greatest triumph so far: selling both outside experts and those within the company on the possibilities of Snowflake 2.0, its shift from being a data warehouse to more of a data hub on which businesses can securely (and temporarily) share information with each other, develop apps and feed their data into artificial intelligence tools. 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. Sylvia was previously Vice President, HR Technology and Digital Experience at Snowflake. Additionally, from 2005 to her retirement, she led Deloittes global relationship with Apple, which spans a momentous period including the release of the iPhone, iPad, and Apple Watch and saw Apple increase its market capitalization from less than $10B to more than $1T. 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. The job of the board is to hire and fire the CEO. And eventually, his journey led him to Data Domain. through the acquisition of Bix, where he served as CEO. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Slootman retired in 2017, but the break was short-lived. "I think the moral of that story was don't let failure get you down.". 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 . from Seattle University School of Law. A crewmember said Slootman stopped sailing competitively because "everybody was out to get him.". "You know, win at all costs and don't mind who gets caught in the crosshairs. In October, Slootman was approved for a 20-year lease at a tiny airport near the home to park a private aircraft. "They love to just do a victory lap. Prior to Cisco, she was Vice President and Chief Financial Officer of GE Healthcares Healthcare Systems business. 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. From 2011 until 2018, Mark served as Chief Executive Officer and Chairman of the Board of Palo Alto Networks, a global cybersecurity company, and as Vice Chairman of the Board until December 2022. 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. Prior to Observe, Jeremy was Executive Vice President, Marketing & Corporate Development of Dell Technologies, and served in various leadership roles at EMC prior to Dell. What did the Snowflake board want from you that they could not get from other potential CEOs and that was lacking in the company at that point? Before Oracle, he spent seven years at the IBM European Center of Applied Mathematics working on data mining technologies. the board gives me the chairman title or not does not matter. As ServiceNow's CEO, Slootman established a hard-driving culture embodied by pictures of race cars in the hallways of the office but he knew how to charm the customers, according to Wyss, the former director of product strategy. Frank Slootman is the CEO of the Cloud-based data storage company Snowflake. 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. He joined Yahoo! the data storage world Slootman is a celebrity CEO, thanks to his tenure as In the past Mr. Slootman occupied the position . 10 Facts About Frank Slootman. 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. Mark holds a B.S. The issue was not Do I like the company? The issue was How many shares do I get? he recalls in his Dutch accent. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. 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. The energy, buoyancy, and temperament in this country greatly appeal to me. Slootman: Sailing is in ones blood. It was a very high I dont like there to be too During the next six years, Data Domain grew "He wants to kill the competition," he said. "CEOs can sometimes suffer from a kind of weakness where they want to be liked," Asheem Chandna, a software investor at Greylock and a friend of Slootman, told Insider. 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. Updated Jun 8, 2021, 8:46am PDT. The annual employee ski trip to the Ritz-Carlton in Lake Tahoe was canceled. In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. Otherwise, Im going to go ahead and run the company.. 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. 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). 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. The job of the board is to hire and "You're in a battle, and the battle doesn't end until you finish that race," Gabriel said. Insiders say the CEO doesn't care about social causes. Copyright 2023 | WordPress Theme by MH Themes, Check Out The Net Worth of Hallea Jones! That's not him at all. Frank further added the fact that he always felt like he was born in the wrong country. I also had had enough time off, two years. In Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity, he shares his . He also served as Vice President of Product Marketing and Product Management at VERITAS Software, which Symantec acquired. Your email address will not be published. The company is going to have a great outcome Investor Sequoia wanted an executive with more experience building a sales team to target the worlds biggest corporations. He is still on the boards at Pure and Elementum. My whole career was doing jobs that other people didnt want to take, he says. This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. Billboard ads with corny messages like Happy Holi-data soon lined Silicon Valleys main highway, U.S. Route 101. At Microsoft, he served as General Manager of the Data Warehousing product unit where he was responsible for a broad portfolio of products. This story appears in the March 31, 2021 issue of Forbes Magazine. It took on another $450 million, this time at a $4 billion valuation, about nine months later. 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. See Bio. Following the sale, he became Senior Vice President and CFO of EMCs Software Group. With an exit in his back pocket, Slootman had his pick of companies for his next act, in 2011. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. 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 . To win over large customers like Johnson & Johnson, he repositioned ServiceNow from a help-desk IT solutionnot exactly something to excite a fellow CEO in a meetingto an all-you-can-eat buffet of tools that could help a needy CIO solve any challenge. Which was then followed by his association with Compuware and software company Borland. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. Slootman hasn't shied away from embracing his right-leaning tendencies in a liberal-dominant industry. 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. Data Domain was running out of money; its technology, while theoretically more powerful than the existing alternatives, ran prohibitively slowly. 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. CEO Frank Slootman made $287,990 in salary in 2019. Stay up to date with what you want to know. 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 become the CEO I need to be, the one that the situation We were in a shit fight all the time. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. Companies that stand for something make employees excited to work there, she said. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. Jeremy Burton is the Chief Executive Officer of Observe, Inc. The appearances do not bother me. The ever-cocky Slootman relishes the idea of proving the doubters wrong. Benoit Dageville. She is a recipient of the SFSU and SCU Distinguished Alumni Awards in 2013 and 2016. Mike Scarpelli. From 2017-2019, he was Vice President, Legal at ServiceNow, where he was responsible for corporate, securities, and M&A. Subscribe. Just a month later, Snowflake under Slootman had shifted to become a performance-based business. 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. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. Its [always] been too late. Publisher (s): Wiley. Prior to joining Snowflake, Sylvia was Vice President of Global Operations and Business Applications at ServiceNow. Each member maintained a grueling schedule of three hours on deck followed by three hours of sleep, 24 hours a day. Prior to joining Snowflake, Mike served as CFO at ServiceNow from 2011-2019. Snowflake CEO Frank Slootman, former CEO Bob Muglia, and cofounder Benoit Dageville are now billionaires after the data storage firm's blockbuster IPO, Forbes reported. After all, the former Snowflake executive said Slootman made it crystal clear that his No. Prior to Oracle, Benoit worked at Bull Information Systems. fire the CEO. Slootman: My role I was never a mainframe guy. I will return to it at some point. While Slootman had success before Snowflake, he reached a new stratosphere after the company's IPO, his net worth skyrocketing to an estimated $2.2 billion. The company promised to do for data warehouses, which then lived on customers own servers, what Amazon Web Services had done for data storage. John was responsible for $1.4B in annual revenue, when he served as Senior Vice President of Worldwide Sales and Services at BMC Software. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam. My eyes are on the horizon., Covering venture capital, cloud and startups. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. Age : 63. "I've literally never met the man," he said. Slootman and his crew won by nearly four hours. warrants. What's between them going even faster?'". She led the company to a historic and successful IPO in June 2014 from zero to a multibillion-dollar business. These are people we knew from previous rodeos, Slootman says with a shrug. 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?. Along the way, investors witnessed his brusque leadership style firsthand when Leone made the mistake of interrupting Slootman with unprompted advice in a board meeting. We'd all just roar with laughter. At ServiceNow and also at Snowflake you replaced previous CEOs who had already built the companies to substantial sizes. The former sailor runs pre-IPO companies like a tightly rigged high-performance watercraft, a captain with extreme confidence who will throw overboard anyone who shows the mildest mutinous inclination. Chairman and Chief Executive Officer. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. Beyond. Frank Slootman is the biggest Snowflake of them all. We're getting a no-nonsense guy who quotes Patton.'". You constantly live with that terminal fear of not doing enough.". The thing I liked about sailing was that if you make a mistake, its obvious within minutes.. out that way.. 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. I campaigned our TP52 Invisible Hand for three years. by Frank Slootman. The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. Jeff Bezos Slootman now has a net worth of $1.8 billion, Despite leaving Snowflake in 2018, the IPO spiked Muglia's net worth to, Many other Snowflake employees and investors including Warren Buffett, Sequoia, Iconiq Capital, and Salesforce are set for windfalls as well, per. 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. 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. A representative for Snowflake declined to comment for this article. 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. Frank Slootman. re-enter the workforce. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. "People would go surfing in the mornings, and they'd have these home-brew beer-making contests and all that," John Wyss, who was a director of product strategy at ServiceNow between 2014 and 2016, told Insider of the pre-Slootman days. The former Snowflake executive said Slootman always set the expectations high, and then higher. She also worked in GEs corporate headquarters, and Transportation Systems and Aerospace divisions. Why are they only tripling sales? The board, including Doug Leonean investor on Forbes Midas List and Sequoias coleader at the timetasked Slootman with doing for ServiceNow what he had just done for Data Domain.