2022 Fortune Media IP Limited. This is probably the biggest understatement of the year. Snowflake plans to create a fully integrated data stack to help senior executives and their teams develop innovative solutions to fast-changing business demands. [9] In June 2019, the company launched Snowflake Data Exchange. 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. Slootman was born in Holland and holds his undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam.. Slootman joins Instacart's . [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. She is the Slootman Family Foundations vice president and secretary. Like "Whenever talent is in short supply, as it almost always is in Silicon Valley, betting on aptitude is a great recruiting strategy for employers, albeit a less certain one. He has been involved with various companies in various ways over the course of his multi-decade career. Slootman was born in the Netherlands in October 1958. Company shares jumped just over 14 percent on Friday to $387. But then again, there really is only one Frank Slootman, IPO master in the world. Frank Slootman doesnt have an official Wikipedia profile to his name. He cuts back where he sees fit. Initially expected to price shares between $75 and $85, the company went public at $120, catapulting up to $300 in its first day of trading. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. Forbes reports that Slootman became a . In his keynote speech at the company's Snowflake Summit 2022 in Las Vegas, CEO Frank Slootman explained how the company is now building on its expertise in the cloud . Your email address will not be published. However, the details of his conjugal life are known to few. A compensation package he received upon joining Snowflake in April 2019 reportedly awards him a selection of options every month for four years that are now worth more than $108 million each, or about $1.3 billion annually, according to Bloomberg. Frank Slootman is a happily married man. Powered and implemented by Interactive Data Managed Solutions. For example, he made a few changes at Snowflake when he became CEO. This is the fundamental premise of a hard hitting new book written by Frank Slootman, CEO of Snowflake, and published earlier this year. But we are sure that it is not available and his spouses name is not available. Slootman may be someone you wouldnt be comfortable sitting face-to-face with, but hes definitely someone you can listen to in a room full of people. 10. He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. In his spare time, Slootman is a keen sailor and regatta racer. Snowflake made history in September when it became the largest software company to IPO in US history. According to Forbes, Slootmans net-worth as of September 2020 was valued at $1.8 billion, though he told the network is status as a billionaire means very little. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. 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. Around six months before Slootman joined the company, Snowflake raised funds in October 2018 at a valuation of around $3.5 billion; the company is now worth nearly $110 billion. Here's the . Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. Best of luck to Frank Slootman's #SNOWFLAKE (USA), an entrant in the #RolexMiddleSeaRace with a start in Grand Harbour, Malta on October 22, 2022. Liked by Frank Slootman Fathers name is Not Available. Frank Slootman, Snowflake chairman and CEO. Which was then followed by his association with Compuware and software company Borland. Yes, Frank Slootman, the G.O.A.T. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. 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. 2023 Forbes Media LLC. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . Graves is also an advisor on the American Law Institute Project on Sexual and Gender-Based Misconduct on Campus.. Quick Facts and Information on Fatima Goss Graves Snowflake CEO Frank Slootman has been at the CEO game long enough to learn a few things or two on how to create a successful business. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. Snowflake's Frank Slootman doesnt start companies. That is, [], Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. Frank explained. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. Snowflake CEO Wikipedia Bio And Net Worth 2022. Save my name, email, and website in this browser for the next time I comment. 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. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Frank Slootman's net worth is 1.6 billion USD. Frank Slootman currently serves as Chairman and CEO at Snowflake. Slootman moved to Silicon Valley in 1997. What trends will drive the next decade of innovation? "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. The book accounts his time in Data Domain and so much more. There are many questions left unanswered about the months leading up to Snowflake going public. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service . You can hire people ahead of . Story continues below. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. 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. In October 2018, about six months before Slootman joined and negotiated his compensation, the company raised funds at a valuation of about $3.5 billion. . Visit the Business section of Insider for more stories. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. Prior to that, Frank was President of EMCs Backup Recovery Systems Division following the firms acquisition of Data Domain Corporation/Data Domain, Inc., where he served as Chief Executive Officer and President and led the business through an IPO to its $2.4 billion acquisition by EMC. While most CEOs would be described as the person who would take their company to the moon, Slootman has been referred to as the person who would take his company to Mars. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware in the dotcom boom, then worked at Borland Software. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. Photo by Christie Hemm Klok/The Forbes Collection. It has certainly worked well for himself, for the companies hes worked under, the many investors that have poured money in his name, and so forth. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. I entered the US in 1984. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Manage Settings [23], On February 7, 2020, the company raised another $479 million. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All Rights Reserved. The book . Save my name, email, and website in this browser for the next time I comment. A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month for four years that are now worth almost $95 million each, or about $1.1 billion annually. Frank Slootman, the new CEO of the cloud data warehouse vendor Snowflake says he was hired to scale Snowflake aggressively into the enterprise market, replacing legacy and 'first generation cloud . He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. The free fall in housing market activity just concluded, says Capital Economics, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. This is especially true in the enterprise technology space. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". [24] On September 16, 2020, Snowflake became a public company via an initial public offering (IPO) raising $3.4 billion, one of the largest software IPOs and the largest to double on its first day of trading. Snowflake presently has Frank Slootman as Chairman and CEO. Full #video here: https://t.co/ZEuq15Ykv4, Your email address will not be published. To learn more about this, I had a chance to talk to Frank Slootman. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. Snowflake filed for an IPO on September 16, 2020, offering 28 million shares for $3.4 billion, making it the biggest software IPO in history. The estimated net worth of Frank Slootman is at least $72 Million dollars as of 2023-01-14. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. He has chosen to keep information about his wife or relationships in the public media. Also, we have no idea about his brother and sister, and we dont know their names either. Brenda Lynne Slootman, his better half, is his soul mate. he obtained his lone rangers and graduate degree in financial aspects from the Netherlands School of Economics of the Erasmus University Rotterdam. At that time, it had 3,400 active customers. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Its now worth $96 billion. It was hard for me to work in a big company, too slow and rigid, just not inspired. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Given his accolades, Slootman gets invited to speak at many events. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? Five lessons in leadership from Snowflake CEO, Frank Slootman. This item: Rise of the Data Cloud. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. 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. It pays a lot to be in the business of knowing what you do, and Slootman knows more than the rest of us when it comes to money, the market, and the software industry. [7] It runs on Amazon S3 since 2014,[3] on Microsoft Azure since 2018[8] and on the Google Cloud Platform since 2019. Frank Slootman, our chairman and CEO on @CNBC, shares our Q3 financial results and how the #DataCloud is enabling our customers to go further https://t.co/1VmAcaIa3H. Similar is the scenario with his married life. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. Learn how your comment data is processed. The book was written with the help of Will Weisser and is on sale at major retail and online book stores. West Coast racer Frank Slootman, who won the 2017 Transpac with his Pac 52 Invisible Hand, set off on a new adventure this past weekend, racing his MOD70 Snowflake in the 3,000-mile RORC Transatlantic Race.The race departed Marina Lanzarote in the Canaries on Sunday, January 8, and will finish in Port Louis, Grenada. I worked on the merger of Burroughs and Sperry which became Unisys. It's been suggested that he and his wife have two children and that his parents are from Holland. Is it time Harry & Meghan accept Clarkson's apology and move on? What Can Entrepreneurs Learn From Andrew Mason's Crazy Ride? I campaigned our TP52 Invisible Hand for three years. SUN: 01:00 pm 06:00 pm, 2014 Nissan Pathfinder Wheel Bearing Torque Specs, Does False Labor Mean The Baby Is Coming Soon, 3 Phase 4 Wire System Is Commonly Used For Which Distribution, What Is The Meaning Of The Song Lemon Boy, Does Pete Hegseth Have Two Different Colored Eyes, Write Two Effective Verbs To Describe How A Sea Monster Might Move, BreakAway Speed Softball 18U 2020 Fall Schedule. He became CEO of capacity organization Data Domain in 2003, floated it publicly in 2007 and offered it to EMC for $1.8 billion each of 2009. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. He attended the Netherlands School of Economics and graduated in 1977. Others might say that hes completely brash. Lindbergh High School Teacher Arrested, Katkat Manimtim & Marc Daniel Bernardo Bio Viral Video Explained, Paula Parkinson Biography, Wikipedia And The Story About Paula Parkinson, Find Name, Bio, Wikipedia, And Family Details Of 18-year-old Who Got Arrested For Prompting FBI warning. [31], Last edited on 19 November 2022, at 18:31, "Snowflake Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2022", "Snowflake offers cloud data warehouse as a service, cheaply", "Longtime Microsoft Executive Opens Cloud Database Start-Up", "Snowflake raises $450 million in another VC round, valued at $3.5 billion", "Snowflake Takes Aim at Amazon, Hadoop With New Data Service", "Snowflake's cloud data warehouse comes to Microsoft Azure", "Announcing Snowflake on Google Cloud Platform", "Snowflake shares more than double. Slootmans eye-watering pay package comes partly as a result of Snowflakes skyrocketing valuation. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Prior to working for Snowflake, Frank took the CEO spot at ServiceNow when it had less than $100 million in revenues and took it to $1.4 billion. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. According to Bloomberg, Slootman has not yet exercised any of his options and his shares are contingent to a lockup period thats due to expire in March 2021. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. Frank Slootman currently serves as Chairman and CEO at Snowflake. All rights reserved. The billionaire business reportedly keeps a tight lid on his personal life, but he is married to Brenda Lynne Slootman, with the couple said to have at least one child together. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. Slootman applies this philosophy in the workplace as well. Slootman knows exactly what hes doing. Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. Whatever he learned from school is probably what we should all learn. He is the current chief executive officer of Telkom, SA Soc Ltd. Frank Slootman currently serves as Chairman and CEO at Snowflake. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. I need to spend the little bit of time I have left over with my family, not sailing. The CEO of the Silicon-Valley based cloud data-warehousing firm Snowflake Inc. collects a staggering $95 million pay out every month, as the tech company's share prices continue to surge. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. The Silent Wife (Signed . Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. He is an interesting figure who has stirred up his share of controversy. $14.99. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. He cancelled the luxurious annual employee ski trip to Tahoe. Frank Slootman is a happily married man. The company currently has a market cap of $48 billion. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. Slootman owns around 10% of Snowflake, including his options. Its been suggested that he and his wife have two children and that his parents are from Holland. The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. Handicap racing wasn't for us anymore, and we had tried competitive smaller boat action with J/70 and C&C 30 divisions " of enterprise software CEOs, having run DataDomain, ServiceNow, and now Snowflake, was my kryptonite! We have no information about his girlfriend/boyfriend. Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. BreakAway Athletes Earn City-Wide Honors! He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Frank Slootman is currently a married man. Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. He believed that the storage market was about to undergo a major shift. Frank joined Snowflake in May 2019 and has since become one of their spearheads.At the time of his inauguration as CEO, he said that the company would try to offer IPOs . Chief Executive Officer Frank Slootman is reportedly reaping the benefits of the companys success, which has helped to make the 62-year-old one of the best-paid technology executives in the industry. Luke Kenton For Dailymail.com Slootman, who traveled to California for a position at Compuware during the dot-com boom and later worked at Borland Software, had his third IPO. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. Not much is known about Slootmans personal life, but we do know that hes fairly young for the success hes achieved in his lifetime. . However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. He served as the company's CEO for six years. 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. ServiceNow turned into an openly registered company in June 2012, when Frank Slootman led the company through an initial sale of shares worth $210 million. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. By the close of Snowflake's . He owns 5.9% of Snowflake. His options are worth about $25 million a month at the current share price. Theres no surprise here. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. Snowflake presently has Frank Slootman as Chairman and CEO. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. As a result, the company broke another record: Snowflake became the largest company to ever double in value on its opening day, reaching a market cap of close to $75 billion.
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