This advertisement has not loaded yet, but your article continues below. TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. [5][21], In May 2019, Frank Slootman, the retired former CEO of ServiceNow, joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow joined the company as CFO. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. It was hard for me to work in a big company, too slow and rigid, just not inspired. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service firm ServiceNow Inc. from 2011 to 2017. By the close of Snowflake's first day . Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Over the past twenty years, he has three times taken over emerging enterprise software businesses - first Data Domain, then ServiceNow, and most recently Snowflake - and led them across the chasm into large, billion-dollar businesses. 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. 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. 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. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. Many rumours related to Carrie Johnson pregnancy have been surrounding around the globe. He cancelled the luxurious annual employee ski trip to Tahoe. Beyond. Slootman moved to Silicon Valley in 1997. Frank Slootman doesn't have an official Wikipedia profile to his name. The book . Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. The IPO was the third for Slootman . [25][12][26][27][28], On May 26, 2021, the company announced that it would become headquarterless,[29] with a principal executive office located in Bozeman, Montana. Snowflake presently has Frank Slootman as Chairman and CEO. 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. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. Snowflake presently has Frank Slootman as Chairman and CEO. by Frank Slootman Paperback. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. 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 He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. 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. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. Can he continue that string of success [], Regarding the firing of Groupons (NASDAQ:GRPN) Andrew Mason, ServiceNows (NYSE:NOW) CEO Frank Slootman emailed me the following: Being a founder/CEO is like riding a bucking bronco. All Rights Reserved. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Before that, he spent his life in Netherlands, where he was also born. Further, Frank also shed some lights on his early work experience at Burroughs. 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. Theres no surprise here. Slootman applies this philosophy in the workplace as well. by Frank Slootman Hardcover. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. Given this period of high growth and innovation, Blackstone is well positioned to help entrepreneurs realize their potential and execute . Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. The company currently has a market cap of $48 billion. 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. Frank Slootman is a cheerful harnessed man. When Mr. Slootman, now aged 61, saw Data Domain Corp. through its public debut in 2007, the data-storage company's shares opened with a 33% premium to their IPO price. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. Source link [ad_1] Frank Slotman is the CEO of Snowflake, a cloud storage company.Frank Slotman is the President and CEO of Snowflake, Slootman took office in May 2019 and started his CV in the world of enterprise software.Frank Slootman WikiFrank Slootman Net WorthNow look at Frank Slootman Net worth income salary Also Read:Who Is Kelsey Chittick? Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion. Check out the subtleties of his Wikipedia below. We are no longer accepting comments on this article. 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. ServiceNow has been on a tear and as they say "just killing it". A former executive at Borland, he moved over to a startup in 2001 called Data Domain. This site uses Akismet to reduce spam. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. ServiceNow: From a Lifestyle Business to an IPO? Nine months ago, Frank Slootman stepped onto the business equivalent of a bullet train when he joined the cloud-based data warehousing company Snowflake.The San Mateo company - fresh off a $450 . I was never a mainframe guy. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. Frank explained. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. Snowflake's Frank Slootman doesnt start companies. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. $14.99. You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. Talking about his decision to come to the states, Frank expressed in an interview; how he had never worked in the country where he was born. Manage Settings The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. He published a book in 2011 called Tape Sucks. Slootman knows exactly what hes doing. The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. We have no more Information about his Father; we will try to collect information and update soon. Let me explain. 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. But we are trying hard to collect all the information about him and will update you soon. 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. Prior to that, Frank served as President of EMCs Backup Recovery Systems Division following the acquisition of Data Domain Corporation/Data Domain, Inc. by the company, where he served as Chief Executive Officer and President and led the company through an IPO into the $2.4 billion purchase by EMC. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Forbes reports that Slootman became a . Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. Collin Biondo also works in the tech world as an engineer at the email-security . After all, he has experience on his side. 5.9% of any company is a huge deal. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. I was rejected at least a dozen times by IBM. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Frank Slootman is currently a married man. Your email address will not be published. This is the fundamental premise of a hard hitting new book written by Frank Slootman, CEO of Snowflake, and published earlier this year. Slootman knows exactly what he's doing. He knows what problems exist in his field today, and he knows how to address them as well. He cuts back where he sees fit. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Frank Slootman is a cheerful harnessed man. Frank Slootman added: "I'm excited to advise Blackstone. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. Frank Slootman's largest purchase order was 1,000,000 units, worth over $8.88M on December 16, 2021. 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. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Powered and implemented by Interactive Data Managed Solutions. If you know some information, please comment below. 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. Frank Slootman Net Worth. We looked into, Read More 10 Things You Didnt Know About Sipho MasekoContinue, Ben Chestnut is one of the co-founders of an email marketing company called Mailchimp. He is the current chief executive officer of Telkom, SA Soc Ltd. An example of data being processed may be a unique identifier stored in a cookie. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). 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. Snowflake now has Frank Slootman as chairman and CEO. Show details. $18.59. He is an interesting figure who has stirred up his share of controversy. Lets talk about it in detail. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. Frank Slootman currently serves as Chairman and CEO at Snowflake. Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. 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. Frank has always refrained from talking about them even in his interviews. I am truly a hybrid Dutch-American. 10. Snowflake CEO Wikipedia Bio And Net Worth 2022. His reported total compensation for 2019 was higher than that of the CEOs of Microsoft, Oracle, and Salesforce, according to Business Insider. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. Also, we have no idea about his brother and sister, and we dont know their names either. [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Explore his Wikipedia details below. 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. [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. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. 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. 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). 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. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. Who is Frank Slootmans wife? With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. Some may describe him as direct. It . The biggest guess is that Frank Slootman simply had the track record for having previously taken data storage companies successfully out of trouble and into the future. In his new book "Amp it Up," Slootman contends business leaders must "declare war on your competitors and incrementalism."Looked at another way, dream big, hire the right people and get after it. 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. BreakAway Athletes Earn City-Wide Honors! But then again, there really is only one Frank Slootman, IPO master in the world. Snowflake plans to create a fully integrated data stack to help senior executives and their teams develop innovative solutions to fast-changing business demands. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. He has chosen to keep information about his wife or relationships in the public media. 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 . 15:00 EST 06 Dec 2020. However, the details of his conjugal life are known to few. 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). Company shares jumped just over 14 percent on Friday to $387. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Slootmans style of leadership is not gentle at all. 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. Brenda Lynne Slootman, his wife, is his life partner. 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. 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 is a happily married man. 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 . Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. He attended the Netherlands School of Economics and graduated in 1977. Frank Slootman. 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. Your email address will not be published. His options are worth about $25 million a month at the current share price. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. This article "Frank Slootman" is from Wikipedia. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . Others might say that hes completely brash. Five lessons in leadership from Snowflake CEO, Frank Slootman. Its now worth $96 billion. It has been suggested that he and his other half have two cubs and that his parents are from the Netherlands. . He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Cloud database company Snowflake opened trading at more than double its list price, making CEO Frank Slootman, ex-CEO Bob Muglia and cofounder Benoit Dageville billionaires. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. Slootman was born in the Netherlands in October 1958. 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. Frank Slootman is an American billionaire businessman, individual investor, technology executive, and the chairman and CEO of Snowflake a cloud-based data st. Snowflake Inc. is doing well by any stretch of the imagination. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Snowflake is the extreme version of this; its business model naturally grows with consumption. We have no more Information about his Father; we will try to collect information and update soon. 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. 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. The oil and gas sector is a bit of a laggard, when it comes to digital process optimization and wider adoption of IT services management or ITSM, according to the chief executive of one of the biggest players in the industry. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. Snowflake is Slootmans third IPO. [9] In June 2019, the company launched Snowflake Data Exchange. Frank has become one of the most revered CEOs in business. In his spare time, Slootman is a keen sailor and regatta racer. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Frank Slootman is the Director of ServiceNow Inc and owns about 95,076 shares of ServiceNow Inc (NOW) stock worth over $39 Million.Frank Slootman is also the CEO and Chairman of Snowflake Inc and owns about 232,325 shares of Snowflake Inc (SNOW) stock worth over $33 Million. This item: Rise of the Data Cloud. "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. Creative Commons Attribution-ShareAlike. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. 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. The book accounts his time in Data Domain and so much more. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. CEO Frank Slootman is reportedly reaping the benefits of the company's success and is collecting a staggering monthly pay out of $95 million, Forbes reported. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. Explore his Wikipedia details 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. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. 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 . Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. Slootman was born in the Netherlands on September 3, 1958. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening.