Teresas governance experience extends from her time in the boardrooms of many of her major clients to Deloittes U.S. board of directors, where she served on committees overseeing compensation, M&A, risk and regulatory matters (including cyber), and large internal investments. I have empathy with a lot of quarterbacks who dont know to retire, he says. It was hard for me to work in a big company, too slow and rigid, just not inspired. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. Teresa has been a stabilizing force in the C-suite and boardroom of influential companies across the technology, retail, consumer products, and healthcare industries. summer of 2003 until its acquisition by EMC during the summer of 2009. Greg has a PhD in Computer Science from Cornell University, an MBA from UC Berkeley, and an undergraduate degree from AGH Krakow, Poland. In June, when Snowflake announced it was forming a diversity council, employees were surprised to see that the press release was written by Eve Besant, Snowflake's vice president of worldwide sales engineering. Sylvia Pagan. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. by Laura Draper, Head of Content. In 2016, Slootman donated $250 to Ryan Zinke, the Interior secretary of President Donald Trump who stepped down in 2018 while he was the subject of several ethics investigations. Michael Scarpelli serves as Chief Finance Officer at Snowflake. The list of its authors can be seen in its historical. 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. Slootman began to hone his skills: He put more energy into short-term sales, worked to improve the product and raised cash to keep the business afloat. Companies that stand for something make employees excited to work there, she said. This is good news for Snowflake.. Having built ServiceNow to a market cap of $14 billion by 2017 (its valued at seven times that today), Slootman was focused on bringing back professional yacht racing to California and running a conservation and animal welfare foundation from his Montana ranch. And 99 times out of 100, youre wrong on that, which is the reason I [now] pull triggers much faster. He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. Frank Slootman is the biggest Snowflake of them all. "Everybody was out to get him," Gabriel said. Sign up for notifications from Insider! ", Slootman said he left ServiceNow in 2017 because "they started caring about things that I had no interest in.". Benoit is a leading expert in parallel execution and self-tuning database systems. 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. We were undoubtedly slow CNBC Snowflake books its revenue using a "consumption model," Slootman said, rather than a typical subscription . "He wants to kill the competition," he said. After that it was board membership; Pure Storage, Medallia and Elementum SCM,and more VC investing with his own Invisible Hand Ventures. Denise also helped lead Genesys through its expansion to become a successful IPO and acquired company. Because struggling sectors like the travel industry could simply reduce their usage without renegotiating contractsand others, such as those in e-commerce or food delivery, saw demand quintupleSnowflakes sales barely hiccuped. Teresa previously served as a Vice Chair & West Region and San Francisco Managing Partner of Deloitte, and as Managing Partner, Silicon Valley. "Frank said, 'So the IT service managers, those are our homies, right?' When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. Muglia, for his part, told Insider that he couldn't comment on the personality of his replacement. Slootman: Sailing is in ones blood. Sign up for notifications from Insider! and six thousand enterprise customers worldwide. "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. Your email address will not be published. She was integral to establishing Deloittes enterprise alliance with Apple, focused on enabling people to work the way they live by digitally transforming companies. Insiders say the CEO doesn't care about social causes. We're getting a no-nonsense guy who quotes Patton.'". I also had had enough time off, two years. Why are they only tripling sales? time I joined, Data Domain had about 20 employees, no customers, no revenues, However, the details of his conjugal life are known to few. "I used to call it 'drunken sailors' spending. 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. When you win, nobody can hurt you. Mark holds a B.S. Frank has always refrained from talking about them even in his interviews. Before being named CFO in 2015, Kramer was Senior Vice President of Business Technology and Operations Finance, partnering with the Development organization across business groups, segments, and operations on strategic long-range planning, budgeting, and forecasting new-offer development, as well as the analysis and strategy of product pricing. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . by Frank Slootman. sales barrier in less than seven years, adding more than one thousand employees Mark currently serves as Chairman of the board of directors of Qualcomm, Inc. and as a director of Snorkel.AI. Soon Slootman resumed his old tricks. I become the CEO I need to be, the one that the situation 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. 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. Slootman retired in 2017, but the break was short-lived. Its about getting this entire organization to go in one direction.. Slootman and his crew won by nearly four hours. In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. 2 min read. That lasted until April this year when he stepped into the chairman and CEO role at Snowflake. Given her Audit and M&A Partner experience and extensive boardroom experience, she qualifies as a financial expert and is well-equipped for board and Audit Committee service. "People would go surfing in the mornings, and they'd have these home-brew beer-making contests and all that," John Wyss, who was a director of product strategy at ServiceNow between 2014 and 2016, told Insider of the pre-Slootman days. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Teresa holds a Bachelor of Science degree in Accounting from the University of Arizona Eller College of Management and was named Alumnus of the Year in 2015. Rather than the usual grilling, Slootman was toasted instead. Jeremy also served as Veritas Executive Vice President of Data Management Group and Chief Marketing Officer. Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. A representative for Snowflake declined to comment for this article. It was hard for me to work in a big company, too slow and rigid, just not inspired. Key Learnings from: Narrow the Focus, Increase the Quality. 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. These are people we knew from previous rodeos, Slootman says with a shrug. Benoit Dageville co-founded Snowflake and currently serves as President of the Product division. Have I told you my point of view on boards? This is the fundamental premise of a hard hitting new book written by Frank Slootman, chief executive of Snowflake Inc., and published earlier this year. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. 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. I could not resist having an opportunity to bring something 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. We were seen as the Blocks & Files: Are you still involved in regatta racing with your yacht Invisible Hand? He settled on a fast-growing but under-the-radar software startup based in Santa Clara called ServiceNow. Insider spoke with 15 people who know Slootman, who is 62, including former Snowflake colleagues and those from Slootman's past companies ServiceNow and Data Domain. 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. It currently boasts a market capitalization of $81 billion on trailing sales of roughly $580 million. Snowflake CEO Frank Slootman's discussion of diversity in hiring in this June 3 interview with Emily Chang on "Bloomberg Technology" prompted him to issue an apology on Monday after some . Biography of Frank Slootman : Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. fire the CEO. With an exit in his back pocket, Slootman had his pick of companies for his next act, in 2011. And Frank got tired of it. leave a leadership vacuum in the board room. He retired from Adobe in April 2018. The board was the one telling me to spend money, the board was just as strongly behind this. 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. Its [always] been too late. But Slootman was more interested in running the show, and Snowflake seized the opportunity. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. and a few units in field test. 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). "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. 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. This article "Frank Slootman" is from Wikipedia. Chandna mentioned a Greylock startup that planned on tripling sales. See Bio. Chief Revenue Officer. 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. Rather than return to Michigan, he jumped to Borland Software, a database darling of the 1980s by then in dire straits. To make the company more Wall Street ready, Snowflake started working with its bigger customers to show them where they were wasting money running needless reports. There is no information on his parents, siblings, or any other family members. For seven days in mid-September, packing in everything from a series of one-on-one meetings to large presentations, the naturally gruff Slootman met over Zoom with more than 1,000 people, including fund managers and investment bankers, who were on hand to win a piece of his IPO. Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. Frank further added the fact that he always felt like he was born in the wrong country. Blocks & Files is interested in finding out more about his He also owned and sailing a boat called Invisible Hand and co-funded the Pac52yachting regatta. through the acquisition of Bix, where he served as CEO. That's not him at all. It also changes over time. Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. Slootman: I admire He holds a B.A. Sylvia was previously Vice President, HR Technology and Digital Experience at Snowflake. Better modeling and the focus shift to larger accounts also made it easier to guess how users might expand or contract. Competitors include Vantage, SAP, Yellowbrick Data, Microsoft Azure and AWS. Previously, Sunny has held leadership roles at VMWARE, JDSU, Deloitte Consulting and Andersen Consulting. "He would take catnaps, but he was always up," Gabriel told Insider. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. He holds a BA from the University of Delaware. A Gartner analyst on vacation spotted the executive and crashed the meeting to go full fanboy. 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. She currently serves on the boards of ServiceNow (NYSE: NOW), Warby Parker and Snowflake. 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. Snowflake. That led to Data Domain. doing well, like Snowflake. degree from UCLA and a J.D. Jeremy Burton is the Chief Executive Officer of Observe, Inc. In 2017 and 2018, he donated $10,800 to the congressional campaign of Greg Gianforte, Montana's now governor who made national news in 2017 after body-slamming a reporter and getting elected to Congress the next day. These are multiples, frankly, that the world hasnt seen since the internet bubble in 1999, says Brad Zelnick, an analyst at Credit Suisse. He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. CEO Frank Slootman made $287,990 in salary in 2019. We were in a shit fight all the time. I need to spend the little bit of time I have left over with my family, not sailing. My eyes are on the horizon., Covering venture capital, cloud and startups. Scarpelli got to work on Snowflakes books. Previous to Serena, he led Symantecs $2 billion Enterprise Security product line as Group President of Security and Data Management. She began her career at collaboration software company Genesys, where she built and led a global marketing organization. "You're going to always alienate someone whatever you do, whether you're neutral or you take a stance," the former employee said. "We all saw the LinkedIn and were like, 'OK, we know what we're getting into now. The IPO was the third for Slootman, who moved to California for a job at Compuware in the dot-com boom, then worked at Borland Software. This page was last edited on 12 March 2021, at 18:12. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam. "I've literally never met the man," he said. Beyond. The job of the board is to hire and fire the CEO. And there'd be some praise or whatever," Chandna said. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. By the close of Snowflake's first day . 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 . See Bio. My whole career was doing jobs that other people didnt want to take, he says. Slootman, 62, took over a nondescript conference room on the second floor of Snowflakes Dublin, California, office, embarking on a series of meetings that now rank with Mark Zuckerbergs Harvard dorm coding sessions in terms of value per hour. Blocks & Files: Do you believe it best or necessary for yourself that the chairman and CEO roles be combined? Mike joined Sutter Hill Ventures in 2008 from Yahoo!, where he was Vice President of Community products. Out went executives and sales reps who didnt fit Slootmans mold or didnt want to work for new supervisors who did. Frank Slootmans path to the American Dream, via IPO billions, started with his making Naugahyde seats for the automotive and boating industries. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. Benoit co-founded Snowflake and currently serves as President of the Product division. Under his tenure, Snowflake's customer count grew from 80 in June 2015 to . Mr. Slootman is a billionaire businessman who was born on 3 rd October 1958 in Holland. Dominic Ruso, ServiceNow's former vice president of finance, replaced Balaguras. His personal net worth, an estimated $2.2 billion, is an extraordinary figure for someone who has never been part of a company in its earliest days. Frank explained. He owns 5.9% of Snowflake. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Of the virtual IPO he says, I absolutely loved it.. In 2019, Slootman's boat manager, the former Olympic sailor Gavin Brady, was investigated by World Sailing, competitive sailing's governing body on suspicion of concealing modifications he made to another owner's boat. Thierry has a PhD in Computer Science with a focus in Database Systems and holds over 70 patents. with a proven track record to grow companies even more quickly and take to IPO. 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. Further, Frank also shed some lights on his early work experience at Burroughs. He talked about several new and exciting trends, including Snowflake's increased focus on vertical industries, new ways that customers and partners will be able . I was never a mainframe guy. But one former senior employee defended Slootman's approach to social issues. Slootman brought this combative spirit to Snowflake, cutting spending and people he deemed unnecessary, insiders said. The investigation was dropped in February because of a technicality, and Brady was given a warning. I would say, 'We're spending like drunken sailors,' and they would say, 'Yes, keep doing it.' Prior to BMC, John served as Chief Operating Officer and Senior Vice President of Worldwide Sales and Services with BladeLogic. He's focused on making shareholders money. Frank Slootman is the Chairman and CEO of Snowflake. In his new book . Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . Sylvia serves as Chief Human Resources Officer at Snowflake. When Covid-19 hit, Snowflake was prepared, having just raised $479 million from investors, including Salesforce, in early February. Prior to Observe, Jeremy was Executive Vice President, Marketing & Corporate Development of Dell Technologies, and served in various leadership roles at EMC prior to Dell. this valuation by any means. Prior to Oracle, Benoit worked at Bull Information Systems. [2] [3] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service".
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