"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. And it was the right thing to do," Muglia recently told Forbes. The appearances do not bother me. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. From January 2015 to December 2020, Kelly Kramer was Executive Vice President and Chief Financial Officer (CFO) at Cisco, managing financial strategy, and overseeing all financial functions, corporate development, mergers, acquisitions, integrations and investor relations for the company with total revenue for fiscal year 2020 of $ 49.3 billion and more than 77,000 employees. Slootman's investor friend Chandna recalled when the CEO stopped by his home recently. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Have I told you my point of view on boards? Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. If Im doing a bad job, you should go ahead and fire me. Read it now on the O'Reilly learning platform with a 10-day free trial. from Seattle University School of Law. time I joined, Data Domain had about 20 employees, no customers, no revenues, The assignment itself was another challenge: Compuware was bleeding employees to Silicon Valleys emerging powers. Snowflake CEO collects a $95 million payout every month In In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner at Greylock Partners LLC, President & Chief Executive Officer at Data Domain, Inc., Senior Vice President-Products at Borland Software Corp., President-Backup Recovery Systems Division at EMC Corp., Principal at Burroughs Corp. and Venture Partner at Greylock Management Corp. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. 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. In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. 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.. 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 . It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. Linked companies : Snowflake Inc. Data Domains revenue more than doubled each year for the next four years. 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. 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. Christian Kleinerman is a database expert with over 20 years of experience working with various database technologies, currently serving as Senior Vice President of Product at Snowflake. Michael Scarpelli serves as Chief Finance Officer at Snowflake. Slootman has no qualms breaking with convention. As President and CEO of Arista for over a decade, Jayshree Ullal is responsible for Aristas business and thought leadership in cloud networking. "We did not come in peace," he wrote. So its showing them a really nice path forward. Everyone, that is, except Slootman. Previously, Mike was Vice President and Technical Advisor to Symantecs Chairman & CEO. 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). Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife Time will tell, of course. See Bio. Just as his hero Patton was described as paranoid yet brilliant, Slootman said he lives in constant fear of inferiority. He barely slept, said Ruben Gabriel, one of the crew. "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. Slootman did not respond to requests from Insider for comment. Frank Slootman - Biography - MarketScreener.com 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. Amp it up and the results will follow. to market this promising. Prior to joining Snowflake, she served as CMO for Apigee, an API platform company that went public in 2015 and Google acquired in 2016. 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. Blocks & Files is interested in finding out more about his Chief Marketing Officer. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . Blocks & Files: What was it about Snowflake that attracted you? After an internship in the fake-leather industry in Indiana, Slootman made his first stride into the tech industry in Detroit, where he started working at Burroughs Corp., one of the largest computer makers at the time. He previously served as Senior Vice President of Finance and Business Operations of the Backup Recovery Systems Division at EMC from July 2009 to August 2011, after EMC acquired Data Domain where he served as CFO for three years. I am truly a hybrid Dutch-American. 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. Frank Slootman Bio: Early Life. I was rejected at least a dozen times by IBM. What is the appeal of that? Teresa previously served as a Vice Chair & West Region and San Francisco Managing Partner of Deloitte, and as Managing Partner, Silicon Valley. 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. In the weeks after the Slootman era kicked off at Snowflake, executives filed into Slootmans unadorned office one by one to meet the boss, while Speiser, the one who had reached out to Slootman, filled in for him in meetings. Write CSS OR LESS and hit save. Greg has a PhD in Computer Science from Cornell University, an MBA from UC Berkeley, and an undergraduate degree from AGH Krakow, Poland. And there'd be some praise or whatever," Chandna said. Snowflake: Not What You May Think It Is - Datanami In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. From 2009 through 2011, Mark served as President and Chief Executive Officer of VeriSign, Inc., a provider of internet infrastructure services. With an exit in his back pocket, Slootman had his pick of companies for his next act, in 2011. Creative Commons Attribution-ShareAlike. It . Blocks & Files: Which other CEOs do you admire and why? As Slootman put it: "I'm not the leader of the free world. When you win, nobody can hurt you. come along often. Sunny Bedi serves as the Chief Information & Data Officer at Snowflake. He helped define the architecture and lead database performance efforts for Bulls parallel systems. Snowflake CEO Frank Slootman, former CEO Bob Muglia, and cofounder Benoit Dageville are now billionaires after the data storage firm's blockbuster IPO, Forbes reported. president and CEO at Data Domain between June 2003 and July 2009. Its like being on the Americas Cup boats: Every day is about sailing faster, says Denise Persson, Snowflakes CMO. So far, Snowflake is outrunning its competition. Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. Muglia said that when he was CEO the board of directors encouraged a culture of free spending. She served as a member of the Executive Committee of the Bay Area Council, and the boards of directors for the California Academy of Sciences and the University of Arizona Eller College of Management. This page was last edited on 12 March 2021, at 18:12. [2] [3] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". I entered the US in 1984. He settled on a fast-growing but under-the-radar software startup based in Santa Clara called ServiceNow. 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?. We're not into that. Kate Bullinger, who advises CEOs and companies on corporate culture at Weber Shandwick's United Minds consultancy, told Insider that a CEO dismissing or ignoring social issues could harm the company's ability to attract and retain talent. Snowflake CEO walks back remarks about diversity, hiring - Silicon Sign up for notifications from Insider! 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. Subscribe. He played a critical role in transforming BladeLogic from a startup, to a public company, to the firms $880 million acquisition by BMC Software. Should Snowflake stumble on its numbers, or if exuberance fades, employees who made their money in the IPO might not want to stick around. Its technologyquicker to offer cloud data warehousing than Oracle, Teradata and other database companies but challenged at every turn by Redshift, Googles Big Query and Microsofts Azure Synapse productsrequired a large and continuous amount of R&D spending. 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. Updated Jun 8, 2021, 8:46am PDT. He had built a monster and Data Domain still dominates the purpose-built backup appliance market, 11 years on. Frank has always refrained from talking about them even in his interviews. "He wants to kill the competition," he said. That's not him at all. This story appears in the March 31, 2021 issue of Forbes Magazine. After successfully building out its Java development and testing business, Slootman received his first CEO job offer in 2003, when investors in a data-storage startup tapped him for another rescue. Prior to Snowflake, Chris served in Sales leadership roles at EMC and Aveksa, and worked in enterprise sales at Informatica and Covalent Technologies (acquired by VMware). Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Snowflake CEO Frank Slootman talks vision, AWS tension and IPO plans 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 . "Silicon Valley is very much a high-fiving, self-congratulatory culture," he said. Sylvia was previously Vice President, HR Technology and Digital Experience at Snowflake. She is a frequent speaker on topics including corporate board diversity, sponsorship and inclusion, and was a Stanford Entrepreneurial Thought Leaders speaker. Snowflake's Slootman, 2 Others Billionaires After Record-Breaking IPO regardless of who is CEO. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. Before Oracle, he spent seven years at the IBM European Center of Applied Mathematics working on data mining technologies. 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. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . He has more than 15 years of management and leadership experience. CEO Frank Slootman made $287,990 in salary in 2019. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. Frank further added the fact that he always felt like he was born in the wrong country. Source of Wealth Software, Self . 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. In 2011, Slootman joined ServiceNow as its CEO. When Covid-19 hit, Snowflake was prepared, having just raised $479 million from investors, including Salesforce, in early February. Soon Slootman resumed his old tricks. Slootman's long-time right-hand man, Michael Scarpelli, who had worked with Slootman at both ServiceNow and Data Domain, took over the chief financial officer job from Tuchscherer. Slootman told CNBC in October that he had no time for Silicon Valley's "lattes and neck rubs" culture. Slootman hasn't shied away from embracing his right-leaning tendencies in a liberal-dominant industry. In 2003, he became CEO of storage startup Data . She led the company to a historic and successful IPO in June 2014 from zero to a multibillion-dollar business. Otherwise, Im going to go ahead and run the company.. CNBC Snowflake books its revenue using a "consumption model," Slootman said, rather than a typical subscription . See Bio. "I used to call it 'drunken sailors' spending. ability to rapidly shift so-called modes is crucial. Blocks & Files: You were born and raised in The Netherlands. This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. "My wife's still wondering what the hell happened.". Frank Slootman currently serves as Chairman and CEO at Snowflake. "You could not escape the combat mentality at our companies. "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. 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. Slootman holds undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam. "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. And Frank got tired of it. Slootman brought this combative spirit to Snowflake, cutting spending and people he deemed unnecessary, insiders said. 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. Was it purely the job with Burroughs or was there something else? the board gives me the chairman title or not does not matter. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. CEOs that have a relentless, unapologetic focus on the business. A 20-year veteran of the IT industry, Jeremy joined EMC from Serena Software, where he was President and CEO. 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. 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 . 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. 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. character and had an email interview opportunity. Why are they only tripling sales? afar. Data Domain was a venture backed storage company founded in late 2001, grew at record pace to an IPO on NASDAQ in 2007 and was acquired by EMC . "We all saw the LinkedIn and were like, 'OK, we know what we're getting into now. An animal-rights philanthropist, Slootman allows his 8-month old Labrador puppy, Brida, year-old Golden Retriever, Quinn, and 10-year-old gray tabby cat, Portia, to crash his work-from-home meetings, including fact-checking calls from Forbes. He also served as Vice President of Product Marketing and Product Management at VERITAS Software, which Symantec acquired. I'd just throw the deck out because forget about it, Frank's here. In other words, he was bored. "He's not somebody who has a need to be liked.". The Snowflake board member Mike Speiser, who invested in the company through his firm Sutter Hill and served as its first CEO, reached out to Slootman regarding a Snowflake board position, Speiser told Forbes. I hired on with Burroughs instead. Blocks & Files: You were effectively a startup CEO at Data Domain. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . 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. He said Slootman would check the navigation at all hours of the night to ensure Invisible Hand held its lead. The annual employee ski trip to the Ritz-Carlton in Lake Tahoe was canceled. Snowflake CEO Offers Apologies, Support for Hiring Diversity He joined Yahoo! The company currently has a market cap of $48 billion. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning . How would you define your role? Wyss said. "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. Jayshree holds a B.S. Blocks & Files: Do you believe it best or necessary for yourself that the chairman and CEO roles be combined? The former Snowflake executive said Slootman always set the expectations high, and then higher. The former Snowflake executive recalled Slootman once saying: "I'm not good at hobbies. Formerly Jayshree was Senior Vice President at Cisco, responsible for a $10B business in datacenter, switching and services. I would say, Were spending like drunken sailors, and they would say, Yes, keep doing it. And it was the right thing to do.. Beyond. doing well, like Snowflake. "I've literally never met the man," he said. 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. 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. Grzegorz (Greg) Czajkowski, a distributed systems and organizations scaling expert, is Senior Vice President of Engineering and Support at Snowflake. Start your free trial. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. It is highly unusual for a board to make leadership changes in a company that is He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). 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. with a proven track record to grow companies even more quickly and take to IPO. Most people have no clue what really goes on in board rooms. Displaying foresight and expertise, she has designed effective strategies to overcome todays biggest challenges, particularly around digital transformation, enterprise risk, cybersecurity, and other vitally important strategic and operational issues. "Frank would never do that. How Much Snowflake CEO Frank Slootman Made in 2019 - Business Insider Is there competition there? Slootman: Sailing is in ones blood. Frank explained. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. 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. 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. Under the companys Amazon-style pricing, customers could easily expand their usage over time. 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. Very large enterprises are choosing a vendor to go to bed with for five years, minimum, says Patrick Colville, an analyst at Deutsche Bank. Under his tenure, Snowflake's customer count grew from 80 in June 2015 to . 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. Deloitte is the worlds largest professional services firm and provides audit, tax, financial advisory, and consulting services to more than 20 industry sectors in over 150 countries. "It had an aggressive tone to it," one former Snowflake executive said. Frank Slootman is currently a married man. Benoit is a leading expert in parallel execution and self-tuning database systems. through the acquisition of Bix, where he served as CEO. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. Teresa has been a stabilizing force in the C-suite and boardroom of influential companies across the technology, retail, consumer products, and healthcare industries. "It was not written under the name of Frank, which is telling," the former Snowflake executive said. I become the CEO I need to be, the one that the situation Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. So why did the Snowflake VCs call on Slootman? Business is what I'm good at.".