Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. What did the Snowflake board want from you that they could not get from other potential CEOs and that was lacking in the company at that point? Frank Slootman. Published Jul 7, 2022. Why are they only tripling sales? However, the details of his conjugal life are known to few. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. to shift gears to pure scale execution, and we are dealing with that now every Which was then followed by his association with Compuware and software company Borland. He also served as Vice President of Product Marketing and Product Management at VERITAS Software, which Symantec acquired. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. The list of its authors can be seen in its historical. 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. Start your free trial. I worked on the merger of Burroughs and Sperry which became Unisys. This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing by Frank Slootman. Insiders said Slootman has torn up the do-gooder playbook of Big Tech's liberal elite and replaced it with a hard-charging, profit-driven ethos that doesn't pay lip service to things like diversity and social justice. can execute, but I cant justify Have I told you my point of view on boards? Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. Wikitia is not affiliated to Wikimedia Foundation. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" 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. That led to Data Domain. "They don't need me to have bathrooms with all kinds of unintelligible signs on it for what bathroom you're supposed to use," Slootman said. The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. 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. Companies that stand for something make employees excited to work there, she said. She led the company to a historic and successful IPO in June 2014 from zero to a multibillion-dollar business. Snowflake Inc. - Wikipedia The Dutchman joined Snowflake as CEO in April, after leaving ServiceNow in March 2017 following six years as CEO, where he helped scale the software-as-a-service (SaaS) firm towards becoming the . has extraordinary upside. It is highly unusual for a board to make leadership changes in a company that is 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. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. "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. Prior to joining Snowflake, she served as CMO for Apigee, an API platform company that went public in 2015 and Google acquired in 2016. Blocks & Files: Do you believe it best or necessary for yourself that the chairman and CEO roles be combined? During the next six years, Data Domain grew Frank explained. And when you lose, nobody can help you., During his short-lived retirement, Slootman raced aboard his Pac52 Class 52-foot yacht, Invisible Hand. NOW WATCH: Warren Buffett is one of the most frugal billionaires. Slootman brought this combative spirit to Snowflake, cutting spending and people he deemed unnecessary, insiders said. 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). Jeff Bezos In his book 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. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam. In a June 2019 Insider interview, weeks after he joined Snowflake, the CEO said it was "absurd" that the software company Palantir had been criticized for working with Immigration and Customs Enforcement, and he dismissed the issue of gender-appropriate bathrooms. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. 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. After an internship in the fake-leather industry in Indiana, Slootman made his first stride into the tech industry in Detroit, where he started working at Burroughs Corp., one of the largest computer makers at the time. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. He holds a BA from the University of Delaware. "You've got all the social-justice issues and all the politics that go with that," he said. Read it now on the O'Reilly learning platform with a 10-day free trial. But all that changed when Slootman came aboard. Kramer has extensive experience in financial planning and analysis, profit-and-loss leadership, and mergers and acquisitions. Tell me more, Asheem.' I always felt I was born in the wrong country. Slootman once again led with sales as a bridge to a better product. Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. president and CEO at Data Domain between June 2003 and July 2009. 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. "At the end of the day, there is a pretty fierce competition for talent, and people are going to vote with their feet," Bullinger said. His second: parting ways with anyone who seemed fond of palace intrigue or who didnt deliver precisely on their word. Its [always] been too late. is situational. Slootmans my-way-or-the-highway attitude caused a stir when he arrived at Snowflake on April 26, 2019, hours after cofounders Benoit Dageville and Thierry Cruanes informed well-liked CEO Bob Muglia, a Microsoft veteran, that his services were no longer required. 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. 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. In a December talk with Foundation Capital, Slootman said he had had "zero plans" to take on another CEO job. I was rejected at least a dozen times by IBM. Thierry is a leading expert in query optimization and parallel execution. If Im doing a bad job, you should go ahead and fire me. character and had an email interview opportunity. Are you now a professional CEO rather than a startup boss? afar. 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. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. 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. But one former senior employee defended Slootman's approach to social issues. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. I exercise executive prerogative, he adds. When you win, nobody can hurt you. Grzegorz (Greg) Czajkowski, a distributed systems and organizations scaling expert, is Senior Vice President of Engineering and Support at Snowflake. 1 job was to make the shareholders money. Snowflake was founded in August 2012 by Dageville and Cruanes, two French-born database experts from Oracle, and was backed by Sutter Hill, whose venture capitalist Mike Speiser served as its first CEO. 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. 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. Insiders say the CEO doesn't care about social causes. He said Slootman would check the navigation at all hours of the night to ensure Invisible Hand held its lead. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. 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. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. 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. 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. Get to Know Snowflake's Leadership Team | Snowflake An established thought leader, Teresa created Deloittes onBoarding Academy, a board readiness program, and she has demonstrated her commitment to board diversity through creation of Deloittes Women on Boards program. Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife The job of the board is to hire and fire the CEO. I also had had enough time off, two years. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. Here's how he makes and spends his fortune. Your email address will not be published. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. The IPO was the. "They love to just do a victory lap. I just kind of fell into it," he said. His first action: reorganizing the sales arm of the business to separate large customers from small, focusing more intently on converting the bigger fish. Snowflake. See Bio. 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. Had they And Frank got tired of it. Frank Slootman received an undergraduate degree and a graduate degree from Erasmus University Rotterdam. Snowflake: Not What You May Think It Is - Datanami I worked on the merger of Burroughs and Sperry which became Unisys. Frank Slootman is the Chairman and CEO of Snowflake. CTRL + SPACE for auto-complete. Christian earned his bachelors degree in Industrial Engineering from Los Andes University, and he is a named inventor on numerous Snowflake patents. "I crawled on the shore in this country, literally with 100 bucks in my pockets, and I'm not exaggerating when I say that," Slootman told Forbes. by Laura Draper, Head of Content. Every other CEO of a company's making statements about how they support diversity, but you're not doing anything.'". A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. With a few million dollars left in the bank, we After all, the former Snowflake executive said Slootman made it crystal clear that his No. "Frank said, 'So the IT service managers, those are our homies, right?' We were in a shit fight all the time. It currently boasts a market capitalization of $81 billion on trailing sales of roughly $580 million. Frank Slootman, Chairman and CEO of Snowflake, recently launched a new book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. "That was kind of awesome. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. 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. But the question becamehowgreat After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Denise holds a BA in Business Administration and Economics from Stockholm University, and holds an MBA from Georgetown University. He owns 5.9% of Snowflake. enters into it, but I try not be a pattern matcher or be confined to my own ability to rapidly shift so-called modes is crucial.
