This story appears in the March 31, 2021 issue of Forbes Magazine. Previously, Sunny has held leadership roles at VMWARE, JDSU, Deloitte Consulting and Andersen Consulting. See Bio. In the past Mr. Slootman occupied the position . "I'm sure anyone who was a woman or a minority group or LGBT was like, 'What the heck? This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. 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. 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. Denise has 20 years of technology marketing experience at high-growth companies. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. felt it not equitable for customers. I was rejected at least a dozen times by IBM. Sylvia was previously Vice President, HR Technology and Digital Experience at Snowflake. "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. In July 2017, two years before he took over as the chief executive of Snowflake, Frank Slootman raced 2,225 miles across the Pacific Ocean, from the California coast to the Hawaiian island of Oahu, on Invisible Hand, his sleek 52-foot sailboat made from carbon fiber and 3D-printed titanium. 5.9% of any company is a huge deal. Talk to him at length, though, and watch the patterns, and you can see thats not true. In 2011, Slootman joined ServiceNow as its CEO. That's not him at all. I'm just a CEO.". She was integral to establishing Deloittes enterprise alliance with Apple, focused on enabling people to work the way they live by digitally transforming companies. 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. Blocks & Files: Which other CEOs do you admire and why? Inside Snowflake, Slootman reengaged cofounder Dageville, now a billionaire himself, to spearhead the project; outside, analysts trust Slootman to figure it out. Data Domains revenue more than doubled each year for the next four years. Formerly Jayshree was Senior Vice President at Cisco, responsible for a $10B business in datacenter, switching and services. Save my name, email, and website in this browser for the next time I comment. You rarely saw him around the office.". Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. I hired on with Burroughs instead. Frank Slootman Bio: Early Life. Before Google, Greg spent six years at Sun Microsystems, working on Java runtime environments and operating systems. 10 Things You Didn't Know About Frank Slootman - Money Inc Frank Slootmans path to the American Dream, via IPO billions, started with his making Naugahyde seats for the automotive and boating industries. So far, Snowflake is outrunning its competition. 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. NOW WATCH: Warren Buffett is one of the most frugal billionaires. 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. It currently boasts a market capitalization of $81 billion on trailing sales of roughly $580 million. Frank took us from a very large startup and made us into a very large, well-oiled machine, Luddy told Forbes in 2018. 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. I will return to it at some point. Working with a wide range of clients including TPG, Nordstrom, Yelp, McKesson, and PG&E, Teresa earned her reputation as one of the most trusted advisors in the Bay Area. 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 . 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. Shelly Begun, who was also at ServiceNow and Data Domain, came on board as the head of human resources. [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]. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. "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.". Data Domain and ServiceNow hired you on merit, not because you checked a box.". "He was very focused on winning the races, and he won pretty much everything," Robbie Murphree-Gabriel, the former logistics manager of Slootman's sailing operation, said. His second: parting ways with anyone who seemed fond of palace intrigue or who didnt deliver precisely on their word. Slootman hasn't shied away from embracing his right-leaning tendencies in a liberal-dominant industry. I dont getthat excited, he explains. Chief Marketing Officer. Prior to joining Snowflake, Mike served as CFO at ServiceNow from 2011-2019. In early 2018, just over a year before his dismissal, Muglia met Forbes for breakfast at a New York hotel. And 99 times out of 100, youre wrong on that, which is the reason I [now] pull triggers much faster. Frank has always refrained from talking about them even in his interviews. And eventually, his journey led him to Data Domain. I was rejected at least a dozen times by IBM. by Laura Draper, Head of Content. Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married - Bioagewho 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. "So if it's a company that people aren't really interested in working for, it's going to ultimately have an exodus of key talent.". At ServiceNow and also at Snowflake you replaced previous CEOs who had already built the companies to substantial sizes. So that was it. Benoit is a leading expert in parallel execution and self-tuning database systems. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. In his new book . 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 . Stay up to date with what you want to know. 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. I would say, 'We're spending like drunken sailors,' and they would say, 'Yes, keep doing it.' ", There were no employee-resource groups at ServiceNow, she said, and endeavors like creating a diverse workplace were "not a priority. doing well, like Snowflake. 1 job was to make the shareholders money. He spent 13 years at Oracle focused on the optimization and parallelization layers in Oracle databases including as lead for the optimization group. "It's a hard way to live because you always feel inadequate," he said on a December episode of the "What Got You There" podcast. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. I have empathy with a lot of quarterbacks who dont know to retire, he says. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. Chandna mentioned a Greylock startup that planned on tripling sales. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. 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. Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. The IPO was the. Slootman did not respond to requests from Insider for comment. "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. president and CEO at Data Domain between June 2003 and July 2009. + Follow. Prior to Oracle, Benoit worked at Bull Information Systems. from the U.S. Military Academy at West Point and a J.D. Amping it up with Snowflake CEO Frank Slootman - SiliconANGLE 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. "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. Frank Slootman - Chairman and Chief Executive Officer - LinkedIn So its showing them a really nice path forward. Some employees were irked when the CEO shut down a leased WeWork office in San Francisco and instead rented a new office space in the East Bay area that happened to be a 10-minute drive from Slootman's home, one former executive said. We were seen as the Most recently, Christian worked at Google leading YouTubes infrastructure and data systems. to shift gears to pure scale execution, and we are dealing with that now every briefly valued more highly than IBM at one point not long after its IPO, Slootman said of San Diego's laid-backness, valued the company at more than $2 billion. Thierry is a leading expert in query optimization and parallel execution. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. Here's how he makes and spends his fortune. My eyes are on the horizon., Covering venture capital, cloud and startups. Thecelebscloset, Jim Jefferies' House And Car Details!Thecelebscloset, Colton Dunns Impressive Net Worth: Insights and Figures Revealed!, How Much is the Grammy-Award Winning Artist Worth?. After a slight summer lull, Covid-19 was resurgent, which meant that rather than a global tour of get-to-know-you lunches and PowerPoints in hotel meeting rooms, his roadshow for data warehousing company Snowflake was going virtual. I am truly a hybrid Dutch-American. Starting as employee #13 and Sales employee #1, Chris built a Go To Market strategy from the ground up, driving sustained high growth and global reach. Who is Snowflake CEO Frank Slootman? | The US Sun Key Learnings from: Narrow the Focus, Increase the Quality. 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. The ever-cocky Slootman relishes the idea of proving the doubters wrong. A Gartner analyst on vacation spotted the executive and crashed the meeting to go full fanboy. 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. When I was a younger man, I was more tolerant; I always thought I could coach people to a place where they would be great, Slootman says. The list of its authors can be seen in its historical. Blocks & Files: You were born and raised in The Netherlands. In a December talk with Foundation Capital, Slootman said he had had "zero plans" to take on another CEO job. 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. Muglia, for his part, told Insider that he couldn't comment on the personality of his replacement. 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. A CEO must lead a board, period. I learned from that experience that I dont want to be in an elevator thats going down, he says. Do you get on with Larry Ellison with regard to sailing? Was it purely the job with Burroughs or was there something else? Further, Frank also shed some lights on his early work experience at Burroughs. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . This story appears in the March 31, 2021 issue of Forbes Magazine. Benoit Dageville. Frank's the type that he just doesn't take any bullshit, and there was some shit going on and he said, 'OK, I'm done.' Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . Jeremy also served as Veritas Executive Vice President of Data Management Group and Chief Marketing Officer. By Labor Day, it had become clear that Frank Slootmans third initial public offering would not be like the other two. Around the same time, he began meeting with research analysts who would wind up setting bullish prices for the IPO. You constantly live with that terminal fear of not doing enough.". In 2014, after two years under the radar focusing on shipping the software, Speiser tapped Muglia to replace him as CEO. We're not into that. Prior to Adobe, Mark held senior leadership positions at Documentum and EMC. Before Oracle, he spent seven years at the IBM European Center of Applied Mathematics working on data mining technologies. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" Following the sale, he became Senior Vice President and CFO of EMCs Software Group. afar. "Silicon Valley is very much a high-fiving, self-congratulatory culture," he said. Prior to joining Snowflake, Sylvia was Vice President of Global Operations and Business Applications at ServiceNow. Frank Slootman received an undergraduate degree and a graduate degree from Erasmus University Rotterdam. Business is what I'm good at.". 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. I was never a mainframe guy. I have no playbooks, I am entirely were months away from running out of money. Benoit Dageville co-founded Snowflake and currently serves as President of the Product division. [2] [3] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Time will tell, of course. 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. I also did not like SaaS that much as a business model, Slootman's investor friend Chandna recalled when the CEO stopped by his home recently. Slootman sold his seven-figure boat to a Chicago couple in 2019 to focus on what would end up being his biggest win of all: taking over as CEO of Snowflake, a seven-year-old cloud-based data-warehousing company, which had until then been led by ex-Microsoft exec Bob Muglia. Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. re-enter the workforce. 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. We broke the billion-dollar "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. If Im doing a bad job, you should go ahead and fire me. Denise holds a BA in Business Administration and Economics from Stockholm University, and holds an MBA from Georgetown University. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. So, the day after Snowflakes public offering, he was back to business as usual, demanding that executives present their plans for the next quarter and beyond. The Dutchman joined Snowflake as CEO in April, after leaving ServiceNow in March 2017 following six years as CEO, where he helped scale the software-as-a-service (SaaS) firm towards becoming the . By 1998 Slootman was running Compuwares California office amid the dot-com boom. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. And while some warn of a backlash, for Slootman, who has compared himself to World War II Gen. George S. Patton, his main concern is winning. And we're all just like, 'Did Frank just call the customer our homies?' Tell me more, Asheem.' ability to rapidly shift so-called modes is crucial. That led to Data Domain. And there'd be some praise or whatever," Chandna said. 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 . 10 Facts About Frank Slootman. "You're going to always alienate someone whatever you do, whether you're neutral or you take a stance," the former employee said. Beyond. To his relief, Begun told him a few weeks later that the new CEO valued his hustle and loyalty to the product. 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. and a few units in field test. "You know, win at all costs and don't mind who gets caught in the crosshairs. They obviously felt they would materialize more of 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 campaigned our TP52 Invisible Hand for three years. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. Out went executives and sales reps who didnt fit Slootmans mold or didnt want to work for new supervisors who did. Rather than the usual grilling, Slootman was toasted instead. 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. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. 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. A standout economics student at Erasmus University Rotterdam, Slootman finished school a year early to pursue internships in the United States. She also worked in GEs corporate headquarters, and Transportation Systems and Aerospace divisions. He did this in part by diversifying the product set so ServiceNow could sell to lines of business (LOBs) outside the IT department. Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. CEO Frank Slootman made $287,990 in salary in 2019. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. He holds a B.A. He was more insulated. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. Snowflake CEO Frank Slootman Discusses What's Next for the Data Cloud 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.
Medicare B Overview Cvs,
Police Chase Acworth, Ga,
Nissan Murano Won't Start After Battery Change,
Ncdot Roundabout Design Standards,
Articles F
