frank slootman age

Scarpelli got to work on Snowflakes books. The Slootmans also have a ranch in southwestern Montana. "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.". During the next six years, Data Domain grew I entered the US in 1984. ability to rapidly shift so-called modes is crucial. Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster initial public offering (IPO). [3] On September 16, 2020, Snowflake made an IPO, selling 28 million shares and raising $3.4 billion, making it the largest software IPO in history.[4]. Teresa has been a stabilizing force in the C-suite and boardroom of influential companies across the technology, retail, consumer products, and healthcare industries. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. "I think the moral of that story was don't let failure get you down.". 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. 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. Blocks & Files: Do you believe it best or necessary for yourself that the chairman and CEO roles be combined? "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. Frank Slootman Bio: Early Life. It took on another $450 million, this time at a $4 billion valuation, about nine months later. 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. See Bio. Mike Scarpelli. Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. Chris has over 20 years of technology sales experience. 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 . Frank explained. Slootman returned to executive responsibilities in April 2011, taking the chairman and CEO roles at the cloud service company ServiceNow. The issue was not Do I like the company? The issue was How many shares do I get? he recalls in his Dutch accent. The eight-year . At Snowflake, Muglia moved fast to get the company into the market, pricing it to match Amazon Web Services by-the-second consumption model, which offered a pay-as-you-go alternative to a subscription, then targeting customers of Amazons own rival product, Redshift. Around the same time, he began meeting with research analysts who would wind up setting bullish prices for the IPO. He joined Yahoo! 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. 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. in Engineering (Electrical) and an M.S. Prior to Oracle, Benoit worked at Bull Information Systems. She has over 25 years of experience leading key aspects of global IT and HR organizations in high tech and healthcare. Tell me more, Asheem.' Slootman's investor friend Chandna recalled when the CEO stopped by his home recently. As Slootman put it: "I'm not the leader of the free world. Wikitia is not affiliated to Wikimedia Foundation. One year later, he took the company public with share prices that valued the company at more than $2 billion. After fighting so hard to become a CEO, Slootman doesnt know how to do anything else. From January 2015 to December 2020, Kelly Kramer was Executive Vice President and Chief Financial Officer (CFO) at Cisco, managing financial strategy, and overseeing all financial functions, corporate development, mergers, acquisitions, integrations and investor relations for the company with total revenue for fiscal year 2020 of $ 49.3 billion and more than 77,000 employees. Otherwise, Im going to go ahead and run the company., When Slootman expressed interest in the Snowflake CEO job, Sequoia and Sutter Hill jumped. The investigation was dropped in February because of a technicality, and Brady was given a warning. He did this in part by diversifying the product set so ServiceNow could sell to lines of business (LOBs) outside the IT department. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. ISBN: 9781119836117. time I joined, Data Domain had about 20 employees, no customers, no revenues, [2] [3] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". 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. The company currently has a market cap of $48 billion. Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife In 2017 and 2018, he donated $10,800 to the congressional campaign of Greg Gianforte, Montana's now governor who made national news in 2017 after body-slamming a reporter and getting elected to Congress the next day. "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. How would you define your role? What brought to the USA? 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. degree in engineering management. CTRL + SPACE for auto-complete. 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. How Snowflake CEO Frank Slootman became a billionaire by ripping up the If Im doing a bad job, you should go ahead and fire me. Narrow the Focus, Increase the Quality with Frank Slootman - LinkedIn Blocks & Files: You were effectively a startup CEO at Data Domain. "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. 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. And 99 times out of 100, youre wrong on that, which is the reason I [now] pull triggers much faster. The IPO was the third for Slootman, who moved to California for a job at Compuware in the dot-com boom, then worked at Borland Software. Frank Slootman is the biggest Snowflake of them all. The beloved chocolate snacks disappeared, and daily catered lunches were replaced by an in-house cafeteria that was still free but seen by some as a downgrade. It . 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. Snowflake: Not What You May Think It Is - Datanami I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. Five lessons in leadership from Snowflake CEO, Frank Slootman - ThoughtSpot It also changes over time. In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. 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. 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. He helped define the architecture and lead database performance efforts for Bulls parallel systems. His first action: reorganizing the sales arm of the business to separate large customers from small, focusing more intently on converting the bigger fish. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" Do you get on with Larry Ellison with regard to sailing? I just kind of fell into it," he said. In Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity, he shares his . However, the details of his conjugal life are known to few. A representative for Snowflake declined to comment for this article. Chief Human Resources Officer. 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. The annual employee ski trip to the Ritz-Carlton in Lake Tahoe was canceled. 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. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. Teresa Briggs is a senior executive with deep experience in strategy, business transformation, and governance. 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. 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. Read it now on the O'Reilly learning platform with a 10-day free trial. Inside Snowflake, Slootman reengaged cofounder Dageville, now a billionaire himself, to spearhead the project; outside, analysts trust Slootman to figure it out. 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. 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. In 2003, he became CEO of storage startup Data . Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. "You've got all the social-justice issues and all the politics that go with that," he said. from the U.S. Military Academy at West Point and a J.D. The assignment itself was another challenge: Compuware was bleeding employees to Silicon Valleys emerging powers. These are multiples, frankly, that the world hasnt seen since the internet bubble in 1999, says Brad Zelnick, an analyst at Credit Suisse. The former Snowflake executive recalled Slootman once saying: "I'm not good at hobbies. His second: parting ways with anyone who seemed fond of palace intrigue or who didnt deliver precisely on their word. 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. 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. I become the CEO I need to be, the one that the situation While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. But Slootman was more interested in running the show, and Snowflake seized the opportunity. Jayshree holds a B.S. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. At Microsoft, he served as General Manager of the Data Warehousing product unit where he was responsible for a broad portfolio of products. 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. Teresa previously served as a Vice Chair & West Region and San Francisco Managing Partner of Deloitte, and as Managing Partner, Silicon Valley. By Labor Day, it had become clear that Frank Slootmans third initial public offering would not be like the other two. Snowflake is a cloud data-warehouse-as-a-service company operating in a sector expected to grow to $4.69bn revenues by 2024. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. Formerly Jayshree was Senior Vice President at Cisco, responsible for a $10B business in datacenter, switching and services. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. I was rejected at least a dozen times by IBM. Of the virtual IPO he says, I absolutely loved it.. Snowflake CEO: Projecting revenue is challenging, so we prefer - CNBC When I was a younger man, I was more tolerant; I always thought I could coach people to a place where they would be great, Slootman says. Blocks & Files: You were born and raised in The Netherlands. Shelly Begun, who was also at ServiceNow and Data Domain, came on board as the head of human resources. summer of 2003 until its acquisition by EMC during the summer of 2009. I always felt I was born in the wrong country. Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. I am truly a hybrid Dutch-American. 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. through the acquisition of Bix, where he served as CEO. Frank Slootman - Wikitia The job of the board is to hire and Did you still want to challenge yourself at the helm of a company that could do great things? "Everybody was out to get him," Gabriel said. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. 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. Snowflake's vision is a world with unlimited . Prior to that, Mark served in several roles at VeriSign, including as Executive Vice President, Products and Marketing. 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 . Blocks & Files: Which other CEOs do you admire and why? 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. Some spoke on condition of anonymity, but nearly all described a militant CEO who's part of Silicon Valley's less talked-about conservative wing, a group that includes Palantir's Peter Thiel, Tesla's Elon Musk, and Oculus' Palmer Luckey. 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. These are people we knew from previous rodeos, Slootman says with a shrug. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. As President and CEO of Arista for over a decade, Jayshree Ullal is responsible for Aristas business and thought leadership in cloud networking.

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