Which was then followed by his association with Compuware and software company Borland. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. Had they 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 helped define the architecture and lead database performance efforts for Bulls parallel systems. and six thousand enterprise customers worldwide. Chief Revenue Officer. Approximately 80% of the Fortune 500 turn to Deloitte for strategies that create shareholder value. 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 $1.4B. Benoit co-founded Snowflake and currently serves as President of the Product division. Blocks & Files: Are you still involved in regatta racing with your yacht Invisible Hand? Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, https://xconomy.com/san-diego/2011/04/26/service-now-names-software-industry-veteran-frank-slootman-as-ceo/, https://www.businessinsider.com/servicenow-frank-slootman-interview-2012-8, https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/amp/, https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html, article "Frank Slootman" is from Wikipedia, https://wikitia.com/index.php?title=Frank_Slootman&oldid=81954, Articles with topics of unclear notability, All articles with topics of unclear notability. She has over 25 years of experience leading key aspects of global IT and HR organizations in high tech and healthcare. Mike Scarpelli. sales barrier in less than seven years, adding more than one thousand employees behave as if I am the chairman. In his 2018 LinkedIn post, Slootman wrote that he had "nothing against 'diversity and inclusion' as long as it results from our goal-oriented modes of execution. Prior to ServiceNow, Derk was an attorney at Wilson Sonsini Goodrich & Rosati, where he gained broad experience across the firms primary corporate practice areas, including start-up representation, venture financings, capital markets transactions, public company reporting, and mergers and acquisitions. But certainly I did it, says Muglia, noting that overall spending at Snowflake increased after he left. Frank Slootmans path to the American Dream, via IPO billions, started with his making Naugahyde seats for the automotive and boating industries. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. Frank Slootman is the biggest Snowflake of them all. He wants answers, he wants change, he wants to grow the business. I entered the US in 1984. So after a while Im, like, Instead of bitching about it, Ill just stick to these train wrecks and show you what I can do with them.. An established thought leader, Teresa created Deloittes onBoarding Academy, a board readiness program, and she has demonstrated her commitment to board diversity through creation of Deloittes Women on Boards program. 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. Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. Because we think Frank was trying to say some Compton slang or something.". asked a year earlier, I likely would not have bit down on this. Formerly Jayshree was Senior Vice President at Cisco, responsible for a $10B business in datacenter, switching and services. 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. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. Co-Founder & President of Product. "If you tell most people that, they'll be like, 'Wow, that sounds like an amazing company. TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story he wrote: I was CEO of Data Domain, Inc. from the "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. COVID-19 fundamentally changed the way businesses operate. Kramer joined Cisco in 2012 as Senior Vice President of Corporate Finance. warrants. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. Data Domain was running out of money; its technology, while theoretically more powerful than the existing alternatives, ran prohibitively slowly. That led to Data Domain. mean there isnt room for discussion and debate but I will never create or Thierry has a PhD in Computer Science with a focus in Database Systems and holds over 70 patents. Visit Business Insider's homepage for more stories. But sailing couldn't keep him occupied for long. The flip side: sticker shock, as companies bills rapidly grew, and unpredictability, as Snowflake struggled to deliver accurate revenue projections. NOW WATCH: Warren Buffett is one of the most frugal billionaires. Visit the Business section of Insider for more stories. Frank Slootman. But this whole Snowflake exercise could have turned out dramatically different, the CEO says, if the founders had pursued their original premise for what the company should be. It was hard for me to work in a big company, too slow and rigid, just not inspired. Published Apr 13, 2021. I never talked to other companies. "CEOs can sometimes suffer from a kind of weakness where they want to be liked," Asheem Chandna, a software investor at Greylock and a friend of Slootman, told Insider. It took on another $450 million, this time at a $4 billion valuation, about nine months later. has extraordinary upside. See Bio. Concerned about Snowflakes appetite for capital, Speiser approached Slootman, whom he knew through the board of another investment, Pure Storage, to see if he could tempt him to join the companys board. Michael Scarpelli serves as Chief Finance Officer at Snowflake. that upside with me at the helm. One major cause for the shock: By all appearances, Snowflake wasnt strugglingand it already had a high-profile CEO. The seven-day competition, the Transpacific Yacht Race, was a test of both mental and physical stamina, in which he navigated his boat with a 10-person crew while cold, wet, and sleep-deprived. 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. 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. Mark holds a B.S. As we wrote in June 2019: data warehousing is shifting inexorably to the cloud, but customers still look for platforms that offer the traditional relational database tools at their core. Each member maintained a grueling schedule of three hours on deck followed by three hours of sleep, 24 hours a day. Read it now on the O'Reilly learning platform with a 10-day free trial. degree in engineering management. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. They were all out there to foul us, to do whatever they can to trip us up. Slootman once again led with sales as a bridge to a better product. With a few million dollars left in the bank, we A Gartner analyst on vacation spotted the executive and crashed the meeting to go full fanboy. ISBN: 9781119836117. 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. . Insiders said Slootman has torn up the do-gooder playbook of Big Tech's liberal elite and replaced it with a hard-charging, profit-driven ethos that doesn't pay lip service to things like diversity and social justice. The energy, buoyancy, and temperament in this country greatly appeal to me. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). We broke the billion-dollar 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. About a year after he came aboard, Slootman took ServiceNow public on the New York Stock Exchange. Snowflake's vision is a world with unlimited . 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. He replaced a number of Snowflake's top executives including Chief Financial Officer Thomas Tuchscherer, Vice President of People Kathy O'Driscoll, and Vice President of Finance Jeff Balaguras with his own trusted lieutenants. And we're all just like, 'Did Frank just call the customer our homies?' Frank served as President of the Backup Recovery Systems Division at EMC following the acquisition of Data Domain Corporation/Data Domain, Inc., where he served as the Chief Executive Officer and President, leading the company through an IPO to its acquisition by EMC for $2.4B. Slootman and his crew won by nearly four hours. The company currently has a market cap of $48 billion. And eventually, his journey led him to Data Domain. Sailing is a small world. That someone was Frank Slootman. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). But the question becamehowgreat And eventually, his journey led him to Data Domain. He holds a BA from the University of Delaware. Inside Snowflake, Slootman reengaged cofounder Dageville, now a billionaire himself, to spearhead the project; outside, analysts trust Slootman to figure it out. By 1998 Slootman was running Compuwares California office amid the dot-com boom. 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. time I joined, Data Domain had about 20 employees, no customers, no revenues, data warehousing is shifting inexorably to the cloud, Scale Computing: Idea that customers should run multiple edge compute platforms is absurd, S3, file access and high performance this is not your old object storage, UniFabriX doubles rack server density with CXL, Single sales rep inflated WANdisco numbers, Komprise service auto tiers files to Azure blobs, Pure Storage updates FlashArray Purity OS, ChatGPT hype snags database startup $100M. "I've literally never met the man," he said. Derk Lupinek serves as General Counsel of Snowflake. In 2003, he became CEO of storage startup Data . 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. But Slootman was more interested in running the show, and Snowflake seized the opportunity. He holds over 50 patents. from Seattle University School of Law. One year later, he took the company public with share prices that valued the company at more than $2 billion. When he became CEO of Snowflake, Frank Slootman cut costs, including the company ski trip to Tahoe. As in sailing, the "He would always crash my executive briefings," Wyss said. character and had an email interview opportunity. 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. Forbes reports that Slootman turned into a very rich person with a net worth of $1.8 billion in September 2020 as Snowflake shares took off 115% in the IPO. The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. Chief Financial Officer. 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. Eight years later, with Snowflake, he had to do it over Zoom. Blocks & Files: Do you believe it best or necessary for yourself that the chairman and CEO roles be combined? From 2009 through 2011, Mark served as President and Chief Executive Officer of VeriSign, Inc., a provider of internet infrastructure services. 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. So far, Snowflake is outrunning its competition. And 99 times out of 100, youre wrong on that, which is the reason I [now] pull triggers much faster. "Everybody was out to get him," Gabriel said. Greg has a PhD in Computer Science from Cornell University, an MBA from UC Berkeley, and an undergraduate degree from AGH Krakow, Poland. in Engineering (Electrical) and an M.S. 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. Chris is married with 2 daughters and is an avid skier and golfer. Blocks & Files: When you became chairman and CEO at Snowflake were you feeling restive? But behind the scenes, months before WeWorks epic IPO-attempt flameout helped make profitability cool again, Snowflake was shaping up to become the tech industrys next great cautionary tale. ,