Talking about his decision to come to the states, Frank expressed in an interview; how he had never worked in the country where he was born. Just a month later, Snowflake under Slootman had shifted to become a performance-based business. I learned from that experience that I dont want to be in an elevator thats going down, he says. 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. felt it not equitable for customers. The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. 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. 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. And eventually, his journey led him to Data Domain. COVID-19 fundamentally changed the way businesses operate. 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. They were all out there to foul us, to do whatever they can to trip us up. In 2003, he became CEO of storage startup Data . Teresa previously served as a Vice Chair & West Region and San Francisco Managing Partner of Deloitte, and as Managing Partner, Silicon Valley. In a December talk with Foundation Capital, Slootman said he had had "zero plans" to take on another CEO job. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. As in sailing, the See Bio. So far, Snowflake is outrunning its competition. character and had an email interview opportunity. 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. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. Start your free trial. "He was the king of the hill. I do prefer the earlier stages of growth. "He would always crash my executive briefings," Wyss said. 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. 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. Slootman's pay includes more than 13.7 million options with a strike price of $8.88. 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. Previous to Serena, he led Symantecs $2 billion Enterprise Security product line as Group President of Security and Data Management. Mark currently serves as Chairman of the board of directors of Qualcomm, Inc. and as a director of Snorkel.AI. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. "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. "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.". 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. She would also help a board address key issues including digital transformation, human capital, governance, and M&A. Talk to him at length, though, and watch the patterns, and you can see thats not true. Visit the Business section of Insider for more stories. I become the CEO I need to be, the one that the situation That push, which Snowflake says would increase its addressable market from $14 billion to a recent $81 billion, is very much a work in progress. Because we think Frank was trying to say some Compton slang or something.". Snowflake's vision is a world with unlimited . 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. So why did the Snowflake VCs call on Slootman? A representative for Snowflake declined to comment for this article. "I think the moral of that story was don't let failure get you down.". I dont have to justify it, I dont have to convince you. 1 job was to make the shareholders money. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . People want to be patted on the back and feel good I'm into not feeling good.". "I used to call it 'drunken sailors' spending. In 2014, after two years under the radar focusing on shipping the software, Speiser tapped Muglia to replace him as CEO. Data Domains revenue more than doubled each year for the next four years. "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. "He's not somebody who has a need to be liked.". 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. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" Slootman may be someone you wouldn't be comfortable sitting face-to-face with, but he's definitely someone you can listen to in a room full of people. 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 . The energy, buoyancy, and temperament in this country greatly appeal to me. After all, the former Snowflake executive said Slootman made it crystal clear that his No. 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. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. We were seen as the I will return to it at some point. At ServiceNow and also at Snowflake you replaced previous CEOs who had already built the companies to substantial sizes. She was integral to establishing Deloittes enterprise alliance with Apple, focused on enabling people to work the way they live by digitally transforming companies. warrants. Muglia, for his part, told Insider that he couldn't comment on the personality of his replacement. 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. Chief Human Resources Officer. Following the sale, he became Senior Vice President and CFO of EMCs Software Group. by Frank Slootman. When you win, nobody can hurt you. After his retirement from ServiceNow, Slootman poured millions into his sailing hobby, people familiar with his sailing operation said. Everyone, that is, except Slootman. He wants answers, he wants change, he wants to grow the business. Chris Degnan. 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. A financial, digital, and M&A expert with a uniquely broad and deep perspective into the challenges facing many of the worlds most innovative companies, Teresa built Deloittes U.S. West Region into a $3.0B business. Out went executives and sales reps who didnt fit Slootmans mold or didnt want to work for new supervisors who did. afar. 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. Tell me more, Asheem.' Denise also helped lead Genesys through its expansion to become a successful IPO and acquired company. Mar 11, 2021, 11:30 ET. During her 20 years with General Electric, she held other CFO roles including CFO of GE Healthcare Biosciences, a division in Life Sciences and Molecular Diagnostics. The IPO was the. doing well, like Snowflake. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. I just kind of fell into it," he said. Frank Slootman is currently a married man. But . out that way.. Jeff Bezos "It had an aggressive tone to it," one former Snowflake executive said. He was more insulated. The appearances do not bother me. Approximately 80% of the Fortune 500 turn to Deloitte for strategies that create shareholder value. Chris is married with 2 daughters and is an avid skier and golfer. comes to mind first, I have learned lessons from Amazon just observing from "When you have the potential [to build] one of the game-changing companies of all time, you should take the chance," Speiser told Forbes. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. Says Dageville: We have a lot of pressure to deliver on this valuation.. Under his tenure, Snowflake's customer count grew from 80 in June 2015 to . Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? He joined Yahoo! degree from UC Hastings College of the Law. This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. 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. concealing modifications he made to another owner's boat. 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. Of the virtual IPO he says, I absolutely loved it.. This stock is being completely driven by the Robinhood crowd.. 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. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. This page was last edited on 12 March 2021, at 18:12. "That was kind of awesome. Chief Financial Officer. Slootman once again led with sales as a bridge to a better product. Snowflake is a special company, they just dont 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. Prior to ServiceNow, Derk was an attorney at Wilson Sonsini Goodrich & Rosati, where he gained broad experience across the firms primary corporate practice areas, including start-up representation, venture financings, capital markets transactions, public company reporting, and mergers and acquisitions. Had they "You could not escape the combat mentality at our companies. Slootman: Whether [2] [3] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Blocks & Files: Do you believe it best or necessary for yourself that the chairman and CEO roles be combined? Slootman: I admire In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. He also served as Vice President of Product Marketing and Product Management at VERITAS Software, which Symantec acquired. "I've literally never met the man," he said. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. leave a leadership vacuum in the board room. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. 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. John was responsible for $1.4B in annual revenue, when he served as Senior Vice President of Worldwide Sales and Services at BMC Software. 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. 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. I dont like there to be too 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. Most people have no clue what really goes on in board rooms. 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. It was a very high Slootman returned to executive responsibilities in April 2011, taking the chairman and CEO roles at the cloud service company ServiceNow. Stay up to date with what you want to know. "If you tell most people that, they'll be like, 'Wow, that sounds like an amazing company. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. Benoit Dageville. But behind the scenes, months before WeWorks epic IPO-attempt flameout helped make profitability cool again, Snowflake was shaping up to become the tech industrys next great cautionary tale. Its [always] been too late. past. Source of Wealth Software, Self . "Don't go to him for the touchy-feely feelings and advice. I dont getthat excited, he explains. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . Under his tenure, Snowflakes customer count grew from 80 in June 2015 to more than 1000 in January 2018. Mike Scarpelli. She is a recipient of the SFSU and SCU Distinguished Alumni Awards in 2013 and 2016. And when you lose, nobody can help you., During his short-lived retirement, Slootman raced aboard his Pac52 Class 52-foot yacht, Invisible Hand. The list of its authors can be seen in its historical. Denise has 20 years of technology marketing experience at high-growth companies. "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. What brought to the USA? 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. 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. Mike joined Sutter Hill Ventures in 2008 from Yahoo!, where he was Vice President of Community products. Subscribe. Slootman: I entered the US in 1984. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. Blocks & Files is interested in finding out more about his Sylvia was previously Vice President, HR Technology and Digital Experience at Snowflake. summer of 2003 until its acquisition by EMC during the summer of 2009. But all that changed when Slootman came aboard. One major cause for the shock: By all appearances, Snowflake wasnt strugglingand it already had a high-profile CEO. 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. As President and CEO of Arista for over a decade, Jayshree Ullal is responsible for Aristas business and thought leadership in cloud networking. 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 . Very large enterprises are choosing a vendor to go to bed with for five years, minimum, says Patrick Colville, an analyst at Deutsche Bank. "You know, win at all costs and don't mind who gets caught in the crosshairs. 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. I just have to know that this is what I want to do. 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. there was an element of restive, people like me have an outsized combative If Im doing a bad job, you should go ahead and fire me. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning . Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. Otherwise, Im going to go ahead and run the company., When Slootman expressed interest in the Snowflake CEO job, Sequoia and Sutter Hill jumped. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. Amp It Up. Business is what I'm good at.". He said Slootman would check the navigation at all hours of the night to ensure Invisible Hand held its lead. Data Domain was running out of money; its technology, while theoretically more powerful than the existing alternatives, ran prohibitively slowly. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Slootman was winning so often that rumors started swirling that he had to be cheating. My eyes are on the horizon., Covering venture capital, cloud and startups. Slootman brought this combative spirit to Snowflake, cutting spending and people he deemed unnecessary, insiders said. Benoit is a leading expert in parallel execution and self-tuning database systems. president and CEO at Data Domain between June 2003 and July 2009. She has over 25 years of experience leading key aspects of global IT and HR organizations in high tech and healthcare. In his 2018 LinkedIn post, Slootman wrote that he had "nothing against 'diversity and inclusion' as long as it results from our goal-oriented modes of execution. My whole career was doing jobs that other people didnt want to take, he says. That doesnt Overnight, Slootman's 5.9% stake became worth billions, and Snowflake was established as an elite Silicon Valley player it was briefly valued more highly than IBM at one point not long after its IPO, though its stock price has declined more than 13% since the beginning of 2021. She is a frequent speaker on topics including corporate board diversity, sponsorship and inclusion, and was a Stanford Entrepreneurial Thought Leaders speaker. Chief Revenue Officer. You can look at my private companies and see how that turned out, he says. Shelly Begun, who was also at ServiceNow and Data Domain, came on board as the head of human resources. As Slootman put it: "I'm not the leader of the free world. Under his sales leadership, Snowflake has grown its annual product revenue from $0 to over $1 billion. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. Here's how he makes and spends his fortune. Just six months in, he had lined up his anchor investors, including Dragoneer Investment Group and Marc Benioffs Salesforce. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner at Greylock Partners LLC, President & Chief Executive Officer at Data Domain, Inc., Senior Vice President-Products at Borland Software Corp., President-Backup Recovery Systems Division at EMC Corp., Principal at Burroughs Corp. and Venture Partner at Greylock Management Corp. "For many, this is very attractive," Slootman said of San Diego's laid-backness. With Scarpelli's help, Slootman started cutting costs. 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 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. 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. the board gives me the chairman title or not does not matter. An IPO is a blip on the radar, a mile marker during the marathon, he says now. A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. His second: parting ways with anyone who seemed fond of palace intrigue or who didnt deliver precisely on their word. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. Starting as employee #13 and Sales employee #1, Chris built a Go To Market strategy from the ground up, driving sustained high growth and global reach. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. Frank Slootman Bio: Early Life. In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. The thing I liked about sailing was that if you make a mistake, its obvious within minutes.. The former Snowflake executive recalled Slootman once saying: "I'm not good at hobbies. The Slootmans also have a ranch in southwestern Montana. Blocks & Files: You were effectively a startup CEO at Data Domain. Sylvia serves as Chief Human Resources Officer at Snowflake. can execute, but I cant justify But certainly I did it, says Muglia, noting that overall spending at Snowflake increased after he left. A CEO must lead a board, period. were months away from running out of money. With more than 30 years of networking experience, she is the recipient of numerous awards including E&Ys Entrepreneur of the Year in 2015, Barrons Worlds Best CEOs in 2018 and one of Fortunes Top 20 Business persons in 2019. 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 his new book . In addition, her organization managed finance for the companys supply chain, marketing, corporate communications, operations, HR, and IT groups. Frank Slootman is the Chairman and CEO of Snowflake. She led the company to a historic and successful IPO in June 2014 from zero to a multibillion-dollar business. There is no information on his parents, siblings, or any other family members. President Barack Obama appointed him to serve on the Presidents National Security Telecommunications Advisory Committee in January 2011, and he served on this Committee until April, 2023. from the U.S. Military Academy at West Point and a J.D. Slootman retired in 2017, but the break was short-lived. degree in engineering management. After needing just over $5 million in investment in its first two low-profile years, by early 2018, when Snowflake reached a valuation of $1.8 billion, it had raised almost a half-billion. Just as his hero Patton was described as paranoid yet brilliant, Slootman said he lives in constant fear of inferiority. 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. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. Before being named CFO in 2015, Kramer was Senior Vice President of Business Technology and Operations Finance, partnering with the Development organization across business groups, segments, and operations on strategic long-range planning, budgeting, and forecasting new-offer development, as well as the analysis and strategy of product pricing.

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