Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. But no CEO has a better track record of turning the ideas of others into jackpots. 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. 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. 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. I was rejected at least a dozen times by IBM. BreakAway Athletes Earn City-Wide Honors! Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Frank Slootman, Former CEO of ServiceNow and Data Domain, sits down with Bipul Sinha, CEO and Co-Founder of Rubrik, to discuss why he invested in Rubrik four. Learn how your comment data is processed. Snowflake CEO Wikipedia Bio And Net Worth 2022. He became CEO of storage company Data Domain in 2003, took it public in 2007, and sold it to EMC for $1.8 billion in 2009. [9][10] The company was ranked first on the Forbes Cloud 100 in 2019. Published Apr 13, 2021. [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]. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. He owns 5.9% of Snowflake. 14:42 EST 06 Dec 2020 His reported total compensation for 2019 was higher than that of the CEOs of Microsoft, Oracle, and Salesforce, according to Business Insider. He then moved to the USA in 1984 to work for Burroughs Corporation, and later went on to work for Compuware and software company Borland, before joining Data domain where he later became CEO. Forbes reports that Slootman became a . Since the start of the pandemic nearly a year ago, there's been one word on the lips of every business leader, analyst, and investor around the world: cloud. If there were one person you could sit and learn from today, who would it be? 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. Is it time Harry & Meghan accept Clarkson's apology and move on? He believed that the storage market was about to undergo a major shift. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . He is an interesting figure who has stirred up his share of controversy. Prior to that, Frank was President of EMC's Backup Recovery Systems Division following the firm's 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. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. That is, [], Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. He knows what problems exist in his field today, and he knows how to address them as well. 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. 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 more than $108 million each, or about $1.3 billion annually. 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. by Frank Slootman Hardcover. 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). Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Terms & Conditions. 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. Slootman was born in the Netherlands in October 1958. Interested individuals might have seen his name in recent times because his company has raised $200 million in a Series D funding round. Slootman, 61, is a professional CEO. Saxena co-founded the company with Divey Gulati, and later they sought the help of Jivko Bojinov, who is sometimes cited as, Read More 10 Things You Didnt Know about Dhruv SaxenaContinue, David Baszucki is an American businessman. The company currently has a market cap of $48 billion. We have no more Information about his Father; we will try to collect information and update soon. 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. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. After he . I worked on the merger of Burroughs and Sperry which became Unisys. But we are sure that it is not available and his spouses name is not available. 2022 Fortune Media IP Limited. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. All rights reserved. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. We have no more information about his spouse. By the close of Snowflake's first day . 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? 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. 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. 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. 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. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. by Frank Slootman Hardcover. Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? ServiceNow: From a Lifestyle Business to an IPO? Slootman owns around 10% of Snowflake, including his options. 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. About. In addition, he makes $750,708 as Chairman and CEO & Pres at Snowflake. 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. Frank Slootman added: "I'm excited to advise Blackstone. 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 . However, the details of his conjugal life are known to few. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Wiki: Net Worth, Nationality, Ethnicity, Wheres Mena Suvari today? "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. 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 hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. 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? Who is Frank Slootmans wife? Slootman owns around 10% of Snowflake, including his options. This item: Rise of the Data Cloud. The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. 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. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. Frank Slootman's largest sale order was 1,017,582 units , worth over $344.13M on December 16, 2021. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. He is the current chief executive officer of Telkom, SA Soc Ltd. Slootman claims about 10% of Snowflake, including his picks. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. Fathers name is Not Available. I am truly a hybrid Dutch-American. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Your email address will not be published. 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. Frank Slootman. Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful Change, 2022 Billionaires: Cities With The Most Billionaires, The Bumble IPO And Blackstones Private Equity Gold Mine, Why Andy Jassys Appointment Signals That Cloud, Not E-Commerce, Is Amazons Future, The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into Softwares Biggest-Ever IPO, Meet Frank Slootman: The CEO Behind Software's Biggest IPO, Snowflake CEO Frank Slootman Talks IPO Pop: Narrative Of Lost Billions Is Nonsense Talk, Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three New Billionaires, The Cloud 100 2020 Virtual Summit: Livestream, Oil and Gas Sector Behind The IT Services Adoption Curve, Says ServiceNow CEO, Why One Tech Exec Couldn't Care Less About Bubble Talk, Analysis: ServiceNow Cloud 'The New Sheriff in IT Town' - The Workday And Salesforce Of IT Service Automation. 20 years chairman of enterprise software firm ServiceNow, which prompted an IPO in 2012 was Mike,. 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