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. 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. Before Oracle, he spent seven years at the IBM European Center of Applied Mathematics working on data mining technologies. However, the details of his conjugal life are known to few. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. See Bio. That doesnt Blocks & Files: What was it about Snowflake that attracted you? Data Domain Inc. Jun 2003 - Jul 20096 years 2 months. Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. the board gives me the chairman title or not does not matter. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. 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. 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. 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. It is highly unusual for a board to make leadership changes in a company that is 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. He retired from Adobe in April 2018. They were all out there to foul us, to do whatever they can to trip us up. 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. Profile of Billionaire Snowflake CEO Frank Slootman - Business Insider Born in the Netherlands to a military veteran and a portrait artist, Slootman had a childhood regimented by high academic achievement and racing sailing dinghies. Snowflake CEO Frank Slootman, former CEO Bob Muglia, and cofounder Benoit Dageville are now billionaires after the data storage firm's blockbuster IPO, The eight-year-old data storage firm shot up as much as, Even before his official induction into the three-comma club, Slootman was. Snowflake's Slootman, 2 Others Billionaires After Record-Breaking IPO That's it.". 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. to shift gears to pure scale execution, and we are dealing with that now every This story appears in the March 31, 2021 issue of Forbes Magazine. Around the same time, he began meeting with research analysts who would wind up setting bullish prices for the IPO. 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. Before Google, Greg spent six years at Sun Microsystems, working on Java runtime environments and operating 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. Benoit is a leading expert in parallel execution and self-tuning database systems. I always felt I was born in the wrong country. "He would always crash my executive briefings," Wyss said. Frank Slootman - Forbes Denise also helped lead Genesys through its expansion to become a successful IPO and acquired company. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. If Im doing a bad job, you should go ahead and fire me. Publisher (s): Wiley. 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. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. 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. Mike joined Sutter Hill Ventures in 2008 from Yahoo!, where he was Vice President of Community products. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. Of the virtual IPO he says, I absolutely loved it.. Competitors include Vantage, SAP, Yellowbrick Data, Microsoft Azure and AWS. . [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. by Frank Slootman. She served as a member of the Executive Committee of the Bay Area Council, and the boards of directors for the California Academy of Sciences and the University of Arizona Eller College of Management. Visit the Business section of Insider for more stories. Chandna mentioned a Greylock startup that planned on tripling sales. As in sailing, the The annual employee ski trip to the Ritz-Carlton in Lake Tahoe was canceled. "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.". About a year after he came aboard, Slootman took ServiceNow public on the New York Stock Exchange. In his new book . Time will tell, of course. Denise has 20 years of technology marketing experience at high-growth companies. 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. He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. Then came stints as a products executive at the software companies Compuware Corp. and Borland Software, after which Slootman landed his first Silicon Valley CEO gig in 2003 at Data Domain. In his book He holds over 50 patents. 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. Mar 11, 2021, 11:30 ET. There is no information on his parents, siblings, or any other family members. 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. This story appears in the March 31, 2021 issue of Forbes Magazine. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. Is there competition there? I do prefer the earlier stages of growth. 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. Rather than return to Michigan, he jumped to Borland Software, a database darling of the 1980s by then in dire straits. 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. Slootman: I entered the US in 1984. Prior to joining Snowflake, she served as CMO for Apigee, an API platform company that went public in 2015 and Google acquired in 2016. 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. By the close of Snowflake's first day . Just six months in, he had lined up his anchor investors, including Dragoneer Investment Group and Marc Benioffs Salesforce. 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 . Jeff Bezos 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. Amp It Up. Prior to BMC, John served as Chief Operating Officer and Senior Vice President of Worldwide Sales and Services with BladeLogic. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. Teresa Briggs is a senior executive with deep experience in strategy, business transformation, and governance. "You're going to always alienate someone whatever you do, whether you're neutral or you take a stance," the former employee said. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. In both her ServiceNow and Snowflake roles, Sylvia was instrumental in scaling HR functionality in hypergrowth environments into successful and sustainable post-IPO trajectories.

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