frank slootman age

Slootman, 62, took over a nondescript conference room on the second floor of Snowflake's Dublin, California, office, embarking on a series of meetings that now rank with Mark Zuckerberg's . I have empathy with a lot of quarterbacks who dont know to retire, he says. He is still on the boards at Pure and Elementum. Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. To win over large customers like Johnson & Johnson, he repositioned ServiceNow from a help-desk IT solutionnot exactly something to excite a fellow CEO in a meetingto an all-you-can-eat buffet of tools that could help a needy CIO solve any challenge. In 1982, after a number of rejections from Big Blue, he crawled ashore with $100 in my pocket (a phrase he repeats so often his employees know it by heart) in South Bend, Indiana, with a job as an intern in the seemingly dead-end fake-leather industry. + Follow. enters into it, but I try not be a pattern matcher or be confined to my own And when Slootman and his team virtually rang the bell of the New York Stock Exchange, a process that looked as awkward as it sounds, raising some $3.4 billion in the process, Salesforce and others were there to support the floor. I am truly a hybrid Dutch-American. This article "Frank Slootman" is from Wikipedia. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. He helped define the architecture and lead database performance efforts for Bulls parallel systems. Frank has always refrained from talking about them even in his interviews. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. See Bio. Prior to BMC, John served as Chief Operating Officer and Senior Vice President of Worldwide Sales and Services with BladeLogic. She began her career at collaboration software company Genesys, where she built and led a global marketing organization. "It had an aggressive tone to it," one former Snowflake executive said. The thing I liked about sailing was that if you make a mistake, its obvious within minutes.. The former sailor runs pre-IPO companies like a tightly rigged high-performance watercraft, a captain with extreme confidence who will throw overboard anyone who shows the mildest mutinous inclination. In the past Mr. Slootman occupied the position . Kramer holds a bachelor of science degree in mathematics from Purdue University and received the Purdue University College of Science Distinguished Alumni award in 2017. She also worked in GEs corporate headquarters, and Transportation Systems and Aerospace divisions. CTRL + SPACE for auto-complete. "He would always crash my executive briefings," Wyss said. Many of them found a May 2018 LinkedIn post by Slootman in which he compared working at the cloud-service firm ServiceNow and the data-storage company Data Domain to being in the Marine Corps. We may never exactly know why the investors of Snowflake unceremoniously dumped its chairman and CEO Bob Muglia, just a few months after a $450m funding round that valued the cloud data warehouse startup at $3.5bn. Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. A standout economics student at Erasmus University Rotterdam, Slootman finished school a year early to pursue internships in the United States. Snowflake CEO Frank Slootman, former CEO Bob Muglia, and cofounder Benoit Dageville are now billionaires after the data storage firm's blockbuster IPO, The eight-year-old data storage firm shot up as much as, Even before his official induction into the three-comma club, Slootman was. What brought to the USA? afar. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. Which was then followed by his association with Compuware and software company Borland. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. "And so I think by remaining neutral, you can allow everyone the freedom to have their own opinion and then keep that separate from work.". Over the past 20 years, as CEO of Data Domain and then ServiceNow and now Snowflake, Frank Slootman has generated extraordinary growth and success for each company and established himself as one of the world's top CEOs. Scarpelli holds a bachelors degree in economics from the University of Western Ontario. asked a year earlier, I likely would not have bit down on this. Benoit is a leading expert in parallel execution and self-tuning database systems. It was a very high Better modeling and the focus shift to larger accounts also made it easier to guess how users might expand or contract. Mar 11, 2021, 11:30 ET. I entered the US in 1984. Seventeen months later, he took Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. from the U.S. Military Academy at West Point and a J.D. However, the details of his conjugal life are known to few. I was never a mainframe guy. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. Sylvia Pagan. Im more interested in why you returned to the CEO frontline than the specific possibilities at Snowflake. I never worked in Holland, but was born, raised and educated there. It . 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. Linked companies : Snowflake Inc. fire the CEO. But the question becamehowgreat I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. Mark brings nearly 40 years of experience to Snowflake as an executive leader, an expert in accounting and financial management, and a visionary in growing and transforming technology companies. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. She has over 25 years of experience leading key aspects of global IT and HR organizations in high tech and healthcare. "He's not somebody who has a need to be liked.". That led to Data Domain. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. Slootman: Snowflake 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. Slootman's pay includes more than 13.7 million options with a strike price of $8.88. "So Frank talked to me for two minutes and he was, like, 'Wow. by Frank Slootman. Chief revenue officer Chris Degnan figured his lack of experience in such a structured sales organization would be enough for Slootman to show him the door. Prioritizing the development of raw talent with high upside, Slootman was able to stabilize Compuware. Mike joined Sutter Hill Ventures in 2008 from Yahoo!, where he was Vice President of Community products. 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. Michael Scarpelli serves as Chief Finance Officer at Snowflake. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. In 2007, he took the data-storage company public, and two years later, he oversaw its $2.4 billion acquisition by EMC, which was later bought by Dell. When you win, nobody can hurt you. 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. Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. Kramer has extensive experience in financial planning and analysis, profit-and-loss leadership, and mergers and acquisitions. The appearances do not bother me. 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. He holds over 50 patents. 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. Founded by billionaire Fred Luddy, ServiceNow was cash-flow-positive and doubling revenue, but understaffedanemic, as Slootman now says. Under his tenure, Snowflake's customer count grew from 80 in June 2015 to . 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. Benoit Dageville co-founded Snowflake and currently serves as President of the Product division. Prior to joining Snowflake, Mike served as CFO at ServiceNow from 2011-2019. His conservative peers are some of the more controversial execs in Silicon Valley, like Palmer Luckey, who was ousted from Facebook after financing an anti-Hillary Clinton meme group, and Tesla founder Elon Musk, whose SpaceX political-action committee donated $119,000 to lawmakers who voted against Joe Biden's Electoral College victory. In 2019, before the company went public, Slootman made more than $60 million in total compensation. He joined Yahoo! I dont have to justify it, I dont have to convince you. I hired on with Burroughs instead. The flip side: sticker shock, as companies bills rapidly grew, and unpredictability, as Snowflake struggled to deliver accurate revenue projections. Save my name, email, and website in this browser for the next time I comment. Which was then followed by his association with Compuware and software company Borland. "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. I'm just a CEO.". "If you tell most people that, they'll be like, 'Wow, that sounds like an amazing company. It was swift.". While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. But one former senior employee defended Slootman's approach to social issues. That lasted until April this year when he stepped into the chairman and CEO role at Snowflake. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. At the "You know, win at all costs and don't mind who gets caught in the crosshairs. COVID-19 fundamentally changed the way businesses operate. Frank Slootman is the biggest Snowflake of them all. Rather than return to Michigan, he jumped to Borland Software, a database darling of the 1980s by then in dire straits. Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. 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. This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. The Snowflake executive team represents centuries of technology, product and business experience to create and advance the only cloud data platform built to enable the data-driven enterprise. "But he felt as though he were a minority given that he was an immigrant," the former employee said. Along the way, investors witnessed his brusque leadership style firsthand when Leone made the mistake of interrupting Slootman with unprompted advice in a board meeting. 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. Prior to Adobe, Mark held senior leadership positions at Documentum and EMC. It doesnt matter how good you are or how bad you arein the wrong elevator, youre going to get hosed. Eventually, he was able to shift to the up elevatorcomputersfirst in Detroit, then in Ann Arbor, Michigan, where he moved customers off mainframes to more modern server products. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. Country of residence : Unknown. From 2011 until 2018, Mark served as Chief Executive Officer and Chairman of the Board of Palo Alto Networks, a global cybersecurity company, and as Vice Chairman of the Board until December 2022. "I think the moral of that story was don't let failure get you down.". can execute, but I cant justify Sign up for notifications from Insider! He owns 5.9% of Snowflake. But . Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . degree from UC Hastings College of the Law. day and we will from here on out. Just a month later, Snowflake under Slootman had shifted to become a performance-based business. And Frank got tired of it. He said Slootman would check the navigation at all hours of the night to ensure Invisible Hand held its lead. With more than 30 years of networking experience, she is the recipient of numerous awards including E&Ys Entrepreneur of the Year in 2015, Barrons Worlds Best CEOs in 2018 and one of Fortunes Top 20 Business persons in 2019. with a proven track record to grow companies even more quickly and take to IPO. Slootman: Whether Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. After needing just over $5 million in investment in its first two low-profile years, by early 2018, when Snowflake reached a valuation of $1.8 billion, it had raised almost a half-billion. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. The annual employee ski trip to the Ritz-Carlton in Lake Tahoe was canceled. I used to call it drunken sailors spending. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. 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. 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. That doesnt Prior to joining Snowflake, Sylvia was Vice President of Global Operations and Business Applications at ServiceNow. concealing modifications he made to another owner's boat. "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. Snowflake CEO Frank Slootman is the toast of the big data community, and following the $3.4 billion IPO, a favorite on Wall Street too. The son of a military veteran and an artist, Slootman studied economics at Erasmus University in Rotterdam, Netherlands, before moving to the US with a dream of working for IBM, the CEO told Forbes. So that was it. A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. come along often. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. "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. He has more than 15 years of management and leadership experience. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. Sylvia serves as Chief Human Resources Officer at Snowflake. Read it now on the O'Reilly learning platform with a 10-day free trial. Published Apr 13, 2021. Publisher (s): Wiley. I still dont think Ive ever taken anybody out of a job too soon. Subscribe. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. "When you have the potential [to build] one of the game-changing companies of all time, you should take the chance," Speiser told Forbes. Mike Scarpelli. re-enter the workforce. I dont getthat excited, he explains. He also co-founded Epinions.com, worked as a consultant at McKinsey & Company, and was an analyst with CS First Boston. In 2003, he became CEO of storage startup Data . Jeremy also served as Veritas Executive Vice President of Data Management Group and Chief Marketing Officer. 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. You can look at my private companies and see how that turned out, he says. Approximately 80% of the Fortune 500 turn to Deloitte for strategies that create shareholder value. Have I told you my point of view on boards? He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. During the next six years, Data Domain grew Jayshree holds a B.S. I was never a mainframe guy. At Snowflake, Muglia moved fast to get the company into the market, pricing it to match Amazon Web Services by-the-second consumption model, which offered a pay-as-you-go alternative to a subscription, then targeting customers of Amazons own rival product, Redshift. If Im doing a bad job, you should go ahead and fire me. Snowflake Inc. CEO Frank Slootman apologized in a blog posted on Monday about comments he made to Bloomberg TV last week in which he said diversity should be . mean there isnt room for discussion and debate but I will never create or They were all out there to foul us, to do whatever they can to trip us up. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. Was it purely the job with Burroughs or was there something else? Benoit co-founded Snowflake and currently serves as President of the Product division. Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? Co-Founder & President of Product. Amp It Up. And it was the right thing to do," Muglia recently told Forbes. Age 64. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. Investor Sequoia wanted an executive with more experience building a sales team to target the worlds biggest corporations. I will return to it at some point. Johns career in enterprise software has focused on building and running world-class sales, marketing, and professional services organizations. ", There were no employee-resource groups at ServiceNow, she said, and endeavors like creating a diverse workplace were "not a priority. 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. Prior to ServiceNow, Derk was an attorney at Wilson Sonsini Goodrich & Rosati, where he gained broad experience across the firms primary corporate practice areas, including start-up representation, venture financings, capital markets transactions, public company reporting, and mergers and acquisitions. In 2019, during an all-hands meeting at Snowflake, Slootman told the story of how early in his career he was rejected for a job he was well qualified for because the company needed to fill a quota of hiring more minorities, a former senior Snowflake employee said. By the close of Snowflake's first day . I could not resist having an opportunity to bring something We're getting a no-nonsense guy who quotes Patton.'". Snowflake Inc. CEO Frank Slootman is one of the tech world's most accomplished executives in enterprise growth, having led Snowflake to the largest software IPO ever after leading Data Domain and ServiceNow to exponential growth and the public market before that. This story appears in the March 31, 2021 issue of Forbes Magazine. Sailing is a small world. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. the data storage world Slootman is a celebrity CEO, thanks to his tenure as Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. By Labor Day, it had become clear that Frank Slootmans third initial public offering would not be like the other two. Slootman may be one of the highest-paid tech CEOs in the US, but he defies nearly every stereotype in an industry where air-hockey tables fill conference rooms and companies are rushing to hire diversity-and-inclusion executives. 2 min read. NOW WATCH: Warren Buffett is one of the most frugal billionaires. Billboard ads with corny messages like Happy Holi-data soon lined Silicon Valleys main highway, U.S. Route 101. As ServiceNow's CEO, Slootman established a hard-driving culture embodied by pictures of race cars in the hallways of the office but he knew how to charm the customers, according to Wyss, the former director of product strategy. 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.

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