Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. Blackstone's multi-billion-dollar investment windfall on dating app Bumble shows that the world's largest private equity firm is sitting on a goldmine of winning buyout deals. It . On Wednesday, the cloud-computing company reported that third-quarter revenue more than doubled from a year earlier, and its stock has surged 183% to $339.89 since its Sept. 15 initial public offering. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. He cuts back where he sees fit. He believed that the storage market was about to undergo a major shift. 2022 Fortune Media IP Limited. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . Much like how he runs his companies, Slootman is always direct in his speeches. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. From 2011 until 2017, Mr. Slootman was the CEO and President of ServiceNow, growing the company from about $100 million in revenue to $1.4 billion through an IPO. 5.9% of any company is a huge deal. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? Fatima Goss Graves is president and CEO of the National Women's Law Center.Fatima served for more than a decade as senior vice president for program and vice president for education. Let me explain. Frank Slootman is currently a married man. 10 Things You Didnt Know about Dhruv Saxena, 10 Things You Didnt Know about David Baszucki, 10 Things You Didnt Know about Erez Galonska, 10 Things You Didnt Know About Adrien Nussenbaum, 10 Things You Didnt Know About Sipho Maseko, 10 Things You Didnt Know about Ben Chestnut, How Simone Biles Achieved a Net Worth of $16 Million, How John Madden Achieved a Net Worth of $200 Million, How Kelsey Asbille Achieved a Net Worth Of $3 Million. The monster pay package is partly a result of Snowflakes surging valuation. Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. [5] [6] It allows corporate users to . Frank Slootman doesn't have an official Wikipedia profile to his name. Slootman insisted his decision to join Snowflake wasnt motivated by money. All rights reserved. Save my name, email, and website in this browser for the next time I comment. I am truly a hybrid Dutch-American. Required fields are marked *. Check out the subtleties of his Wikipedia below. Snowflake petitioned for an IPO on September 16, 2020, offering 28 million offers for $3.4 billion, making it the largest IPO ever for programming. After telling Bloomberg TV that he can't allow a push for diversity in tech to "override merit," Snowflake CEO Frank Slootman released a statement Monday apologizing for a "lack of clarity" in those comments. Frank has become one of the most revered CEOs in business. The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. 5.9% of any company is a huge deal. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. Frank Slootman currently serves as Chairman and CEO at Snowflake. Slootmans style of leadership is not gentle at all. This is especially true in the enterprise technology space. Frank has always refrained from talking about them even in his interviews. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service . However, Baszucki is best-known for being the CEO of Roblox Corporation, which, Read More 10 Things You Didnt Know about David BaszuckiContinue, Erez Galonska is the CEO of Infarm. It's called, Amp it Up, Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Elevating Intensity. Snowflake presently has Frank Slootman as Chairman and CEO. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. 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. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. Visit the Business section of Insider for more stories. That led to Data Domain. Frank Slootman currently serves as Chairman and CEO at Snowflake. In his spare time, Slootman is a keen sailor and regatta racer. Luke Kenton For Dailymail.com Yes, Frank Slootman, the G.O.A.T. She is VP and secretary of the Slootman Family Foundation. 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. But you dont achieve a $1.8 billion net worth by being a spendthrift. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. I was never a mainframe guy. Company shares jumped just over 14 percent on Friday to $387. Snowflake Inc. is a cloud computingbased data cloud company based in Bozeman, Montana. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. June 7, 2021. A compensation package he received . About. 15:00 EST 06 Dec 2020. Your email address will not be published. Brenda Lynne Slootman, his better half, is his soul mate. The company currently has a market cap of $48 billion. Some point to Snowflake's IPO as the latest and biggest example of lost billions in an IPO pop. Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. Powered and implemented by Interactive Data Managed Solutions. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. Slootman knows exactly what hes doing. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. We and our partners use cookies to Store and/or access information on a device. Cloud leaders including Snowflake's Frank Slootman weigh in on Jassy's new role, and predict his likely successor. Some may describe him as direct. Before that, he spent his life in Netherlands, where he was also born. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? Frank Slootmans net worth is 1.6 billion USD. 14:42 EST 06 Dec 2020 Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? Slootman was born in the Netherlands in October 1958. Amp it up and the results will follow. Earlier this week, Snowflake reported that its third-quarter revenue more than doubled on the same time period last year, and it stock has jumped 223 percent since its record-breaking September 15 initial public offering (IPO). ServiceNow: From a Lifestyle Business to an IPO? He served as the company's CEO for six years. Tune in to hear from Steph Curry, Zoom's Eric Yuan, Snowflake's Frank Slootman, PagerDuty's Jennifer Tejada and many more in the 2020 Cloud 100 Virtual Summit livestream. 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. 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. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. 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After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. 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. Snowflake CFO Michael Scarpelli who joined just months after Slootman, also reportedly has a similar compensation structure, with his options said to be worth around $29 million a month. Its now worth $96 billion. With Snowflake's supercharged IPO this week, Chief Executive Frank Slootman has achieved a rare investment trifecta: delivering three of the hottest tech public stock offerings of their time. 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. Snowflake presently has Frank Slootman as Chairman and CEO. 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. Five lessons in leadership from Snowflake CEO, Frank Slootman. Frank Slootman Net Worth. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. Snowflake made history in September when it became the largest software company to IPO in US history. Slootman once again led with sales as a bridge to a better product. He is the current chief executive officer of Telkom, SA Soc Ltd. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. Watch our CEO, Frank Slootman, on @CNBCTechCheck discuss our latest earnings https://t.co/jacWnl2Lsu, Patrick Cuba (@PatrickCuba3) May 28, 2022. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. Snowflake Inc. (NYSE:NYSE:SNOW) Q1 2022 Earnings Conference Call May 26, 2021, 5:00 PM ET Company Participants Jimmy Sexton - Head, IR Frank Slootman - Chairman, CEO & President Michael. Also, we have no idea about his brother and sister, and we dont know their names either. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. At 61 years old, Slootman has created quite the reputation for himself. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". This article "Frank Slootman" is from Wikipedia. Hear from Snowflake CEO Frank Slootman at @thoughtspot's #BeyondDigital20 on 12/9 as he discusses important leadership lessons he has learned and the future of data now that the pandemic has changed business forever: https://t.co/lnNhUm5J9o. 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. Bio: Husband, Net Worth, Married, Family. [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. 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. Save my name, email, and website in this browser for the next time I comment. Many rumours related to Carrie Johnson pregnancy have been surrounding around the globe. of enterprise software CEOs, having run DataDomain, ServiceNow, and now Snowflake, was my kryptonite! Whatever he learned from school is probably what we should all learn. Brenda Lynne Slootman, his wife, is his life partner. He is the chief executive officer of a business called Mirakl. She is VP and secretary of the Slootman Family Foundation. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster IPO. An example of data being processed may be a unique identifier stored in a cookie. 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 is a cheerful harnessed man. Terms & Conditions. . Which was then followed by his association with Compuware and software company Borland. The walls are closing in on corporate employees as CEOs at Disney and Starbucks demand that workers start returning to A decades-long broken economy screwed over millennials, and their decision to delay having kids is fueling Americas Up from here? Frank served as President of the Backup Recovery Systems Division at EMC following the acquisition of Data Domain Corporation/Data Domain, Inc., where he served as the Chief Executive Officer and President, leading the company through an IPO to its acquisition by EMC for $2.4B. Frank Slootman, Amp It Up: Leading for Hypergrowth . In short, money talks, and Slootmans got it in his hands and in his mouth. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS providers - taking it from under $100M in revenue, through a successful IPO, to $1.4B in . However, the details of his conjugal life are known to few. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Wikitia is not affiliated to Wikimedia Foundation. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster IPO. Frank Slootman aboard his prior vessel, Invisible Hand, a Reichel/Pugh 63. [12], Snowflake Inc. was founded in July 2012 in San Mateo, California by three data warehousing experts: Benot Dageville, Thierry Cruanes and Marcin ukowski. ServiceNow has been on a tear and as they say "just killing it". 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. In an exclusive interview, Frank Slootman, President and CEO of [], With tech stocks flying, bubble calls are multiplying, but ServiceNow's Frank Slootman says his business is 'bulletproof. Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. But he was [], ServiceNow (NYSE:NOW) will likely turn out to be one of this year's top IPOs. Copyright 2023 | WordPress Theme by MH Themes, Jerry Sheindlin Net Worth, Salary, Assets, Married, Wife, Children, Family, Age, Height, Facts, Wiki-Bio, Dylan Farrow Husband, Net Worth 2020, Daughter, Parents, Siblings, Book, Wiki, Bio, Marriage, Brother, Husband, Now, Wedding, Weight, What happened to Wanda Ferraton? Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. FRANK SLOOTMAN is the Chairman and CEO at Snowflake Inc. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. Frank Slootman. What is Frank Slootmans net worth? [15][16][17] It raised another $100 million in April 2017. , updated Snowflake is Slootmans third IPO. . Theres no surprise here. 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. But no CEO has a better track record of turning the ideas of others into jackpots. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. The IPO was the third for Dutch-born Slootman, who . Snowflake services main features are separation of storage and compute, on-the-fly scalable compute, data sharing, data cloning, and third-party tools support in order to handle the demanding needs of growing enterprises. Show details. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. 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