A compensation package he received . This site uses Akismet to reduce spam. Who is Frank Slootman's wife? Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Slootman, 61, is a professional CEO. 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. 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. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. Frank Slootman added: "I'm excited to advise Blackstone. Slootman owns around 10% of Snowflake, including his options. We have no information about his girlfriend/boyfriend. [9][10] The company was ranked first on the Forbes Cloud 100 in 2019. In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. 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. It's the biggest software IPO ever", "You're never too old to excel: How Snowflake thrives with 'dinosaur' cofounders and a 60-year-old CEO", "With $26M, Snowflake Computing is hoping its take on data warehousing will hit the mainstream", "This big data startup is as unique as a snowflake", "Big Data Startup Snowflake Raises $45 Million, Launches First Product", "Snowflake Computing raises $100 million to expand cloud data warehouse footprint", "Cloud data warehouse startup Snowflake raises $100 million led by Iconiq", "Snowflake lands massive $263 million investment on unicorn valuation", "With huge new $450M funding round, Snowflake Computing has now raised almost $1 billion", "Snowflake Announces Data Exchange to Break Down Data Barriers", "LinkedIn Top Startups 2019: The 50 hottest U.S. companies to work for now", "After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step", "Snowflake IPO surge makes it the priciest tech stock by a mile", "Snowflake, JFrog IPO: Software stocks soar in market debut", "Snowflake CEO: Doubling of stock price after IPO reflects 'frothy' market", "Snowflake relocates executive office from California to Bozeman, Montana, as company goes distributed", "Snowflake Reports Financial Results for the First Quarter of Fiscal 2022", "Snowflake acquires stake in OpenAP to set up data clean room for advertisers", https://en.wikipedia.org/w/index.php?title=Snowflake_Inc.&oldid=1122784310, This page was last edited on 19 November 2022, at 18:31. The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. The book . Frank further added the fact that he always felt like he was born in the wrong country.
Handicap racing wasn't for us anymore, and we had tried competitive smaller boat action with J/70 and C&C 30 divisions " He served as the company's CEO for six years. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. The CEO of the Silicon-Valley based cloud data-warehousing firm Snowflake Inc. collects a staggering $95 million pay out every month, as the tech company's share prices continue to surge. Offers may be subject to change without notice. Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? He owns 5.9% of Snowflake. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. 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. 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. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth technology companies. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. For example, he made a few changes at Snowflake when he became CEO. Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. He is a financial tycoon specialist and the president and CEO of Snowflake Inc. by calling. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. 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. Jax the Staffy is rescued after being stuck in a cave for two days, Eight people shot at Martin Luther King Day event in Florida, Kamala opts out of kneeling with Biden for Warriors photo op. Snowflake Inc. is doing well by any stretch of the imagination. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. 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. Slootman is a hands-on guy and this book is a highly readable and enjoyable tour through his hands-on CEO toolkit. Snowflake presently has Frank Slootman as Chairman and CEO. 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. Brenda Lynne Slootman, his wife, is his life partner. Fatima Goss Graves is president and CEO of the National Women's Law Center.Fatima served for more than a decade as senior vice president for program and vice president for education. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. 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 the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. [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]. You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. 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. Explore his Wikipedia details below. Further, Frank also shed some lights on his early work experience at Burroughs. 10. by Laura Draper, Head of Content. 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. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. At 61 years old, Slootman has created quite the reputation for himself. 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. Snowflake Inc. (NYSE:NYSE:SNOW) Q1 2022 Earnings Conference Call May 26, 2021, 5:00 PM ET Company Participants Jimmy Sexton - Head, IR Frank Slootman - Chairman, CEO & President Michael. Frank Slootman, Amp It Up: Leading for Hypergrowth . In October 2018, about six months before Slootman joined and negotiated his compensation, the company raised funds at a valuation of about $3.5 billion. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. 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. Amp it up and the results will follow. Frank explained. Learn how your comment data is processed. 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 . Soon after graduation, he got enrolled in VP/GM where he had a role straddled for a 3-year stint in Europe as GM of the UNIFACE company. Slootman was born in the Netherlands on September 3, 1958. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. 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. A few years ago, Slootman stepped down as ServiceNow's CEO. 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. By the close of Snowflake's . Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. 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. Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. 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. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. Snowflake's Frank Slootman doesnt start companies.
He cancelled the luxurious annual employee ski trip to Tahoe. 0 likes. 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. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Slootmans pay package includes in excess of 13.7 million options each with a fixed price of $8.88. ServiceNow turned into an openly registered company in June 2012, when Frank Slootman led the company through an initial sale of shares worth $210 million. Save my name, email, and website in this browser for the next time I comment. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. 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? How? This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. $14.99. I crawled on the shore in this country, literally with 100 bucks in my pockets, and I'm not exaggerating when I say when I say that, he said. 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. $18.59. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Frank Slootman is the CEO of the Cloud-based data storage company Snowflake. We have no more Information about his Father; we will try to collect information and update soon. [24] On September 16, 2020, Snowflake became a public company via an initial public offering (IPO) raising $3.4 billion, one of the largest software IPOs and the largest to double on its first day of trading. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Also, we have no idea about his brother and sister, and we dont know their names either. Although the billionaire businessman is claimed to keep his personal life under wraps, he is married to his wife, Brenda Lynne Slootman, and the two are rumored to be parents to at least one child. We cant say their name. We have no more information about his spouse. Save my name, email, and website in this browser for the next time I comment. The Silent Wife (Signed . Brenda Lynne Slootman, his better half, is his soul mate. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. 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. She is the Slootman Family Foundation's vice president and secretary. By getting data out of narrow silos and into the hands of more employees and consumers. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. I entered the US in 1984. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. Creative Commons Attribution-ShareAlike. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. In his spare time, Slootman is a keen sailor and regatta racer. He became CEO of capacity organization Data Domain in 2003, floated it publicly in 2007 and offered it to EMC for $1.8 billion each of 2009. Full #video here: https://t.co/ZEuq15Ykv4, Your email address will not be published. Given his accolades, Slootman gets invited to speak at many events. 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