I still dont think Ive ever taken anybody out of a job too soon. I have never crossed paths with Larry Ellison on the sailing front although Ive had many crew over the years who sailed with Larry. from the U.S. Military Academy at West Point and a J.D. Here's how he makes and spends his fortune. summer of 2003 until its acquisition by EMC during the summer of 2009. As Executive Vice President and CFO, Mark co-led Documentums $1.7 billion sale to EMC. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . Slootman was winning so often that rumors started swirling that he had to be cheating. Blocks & Files: What was it about Snowflake that attracted you? Age 64. Your email address will not be published. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. Frank Slootman received an undergraduate degree and a graduate degree from Erasmus University Rotterdam. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. Jayshree holds a B.S. 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. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Sign up for notifications from Insider! We're getting a no-nonsense guy who quotes Patton.'". Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. many layers between me and the action. In a 2014 interview, he said he relocated the company north to tap into a larger talent pool but also because San Diego's culture was too relaxed. Sylvia serves as Chief Human Resources Officer at Snowflake. "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. ", Wyss said that every now and then Slootman would loosen up. 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. Blocks & Files: Which other CEOs do you admire and why? 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. I never worked in Holland, but was born, raised and educated there. through the acquisition of Bix, where he served as CEO. re-enter the workforce. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. We'd all just roar with laughter. Frank Slootman is the Chairman and CEO of Snowflake. by Frank Slootman. 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. 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. 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 . 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. Mar 11, 2021, 11:30 ET. 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. In October, Slootman was approved for a 20-year lease at a tiny airport near the home to park a private aircraft. "That was kind of awesome. He settled on a fast-growing but under-the-radar software startup based in Santa Clara called ServiceNow. Mike Scarpelli. [2] [3] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Publisher (s): Wiley. Slootman's pay includes more than 13.7 million options with a strike price of $8.88. Mark holds a B.S. 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. During her 20 years with General Electric, she held other CFO roles including CFO of GE Healthcare Biosciences, a division in Life Sciences and Molecular Diagnostics. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Stay up to date with what you want to know. A financial, digital, and M&A expert with a uniquely broad and deep perspective into the challenges facing many of the worlds most innovative companies, Teresa built Deloittes U.S. West Region into a $3.0B business. 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. In his new book . Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. So that was it. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. In the mid 80s I tried to hire on out of school with IBM, they were the gold standard back then in the so-called computer industry. 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. comes to mind first, I have learned lessons from Amazon just observing from He is still on the boards at Pure and Elementum. See Bio. When Covid-19 hit, Snowflake was prepared, having just raised $479 million from investors, including Salesforce, in early February. 10. I just have to know that this is what I want to do. Similar is the scenario with his married life. Kramer joined Cisco in 2012 as Senior Vice President of Corporate Finance. Billboard ads with corny messages like Happy Holi-data soon lined Silicon Valleys main highway, U.S. Route 101. Thierry has a PhD in Computer Science with a focus in Database Systems and holds over 70 patents. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. "It was not the kind of environment that I enjoyed participating in," Haldeman said. I do prefer the earlier stages of growth. Some spoke on condition of anonymity, but nearly all described a militant CEO who's part of Silicon Valley's less talked-about conservative wing, a group that includes Palantir's Peter Thiel, Tesla's Elon Musk, and Oculus' Palmer Luckey. Grzegorz (Greg) Czajkowski, a distributed systems and organizations scaling expert, is Senior Vice President of Engineering and Support at Snowflake. Copyright 2023 | WordPress Theme by MH Themes, Check Out The Net Worth of Hallea Jones! ", There were no employee-resource groups at ServiceNow, she said, and endeavors like creating a diverse workplace were "not a priority. Public asset : 162,785,053 USD. "They love to just do a victory lap. He helped define the architecture and lead database performance efforts for Bulls parallel systems. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. 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. Chief Human Resources Officer. regardless of who is CEO. Thierry is a leading expert in query optimization and parallel execution. Subscribe. Which was then followed by his association with Compuware and software company Borland. How much Net Worth does Camille Razat have in 2023. This prompted Apple CEO Tim Cook to describe Deloitte as the ideal partner. A Pac52 sailboat like Slootman's Invisible Hand costs between $1.8 million and $2.5 million. 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 . However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. 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. ", Slootman said he left ServiceNow in 2017 because "they started caring about things that I had no interest in.". the data storage world Slootman is a celebrity CEO, thanks to his tenure as doing well, like Snowflake. Most people have no clue what really goes on in board rooms. By 1998 Slootman was running Compuwares California office amid the dot-com boom. Just as his hero Patton was described as paranoid yet brilliant, Slootman said he lives in constant fear of inferiority. I also did not like SaaS that much as a business model, 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. Its [always] been too late. And it was the right thing to do," Muglia recently told Forbes. In addition, her organization managed finance for the companys supply chain, marketing, corporate communications, operations, HR, and IT groups. 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?. To his relief, Begun told him a few weeks later that the new CEO valued his hustle and loyalty to the product. 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 . Each member maintained a grueling schedule of three hours on deck followed by three hours of sleep, 24 hours a day. It's about 40 miles from Snowflake's San Mateo headquarters and a 3.5-hour drive from Lake Tahoe, where the Slootmans have owned a home. My whole career was doing jobs that other people didnt want to take, he says. Prior to joining Snowflake, Sylvia was Vice President of Global Operations and Business Applications at ServiceNow. When executives at a later company, Compuware, realized in 1995 that an acquisition in Amsterdam was going sideways, its young staffer, a native Dutch speaker, was given a chance to clean up the mess. O'Reilly members get unlimited access to books, live events, courses curated by job role, and more from O'Reilly and nearly 200 top publishers. The former Snowflake executive recalled Slootman once saying: "I'm not good at hobbies. Many of them found a May 2018 LinkedIn post by Slootman in which he compared working at the cloud-service firm ServiceNow and the data-storage company Data Domain to being in the Marine Corps. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. By Labor Day, it had become clear that Frank Slootmans third initial public offering would not be like the other two. Write CSS OR LESS and hit save. 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). And 99 times out of 100, youre wrong on that, which is the reason I [now] pull triggers much faster. In other words, he was bored. That led to Data Domain. In the past Mr. Slootman occupied the position . In April 2019, Snowflake's board of directors announced that its CEO of five years, Bob Muglia, was being replaced. Co-Founder & President of Product. 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. mean there isnt room for discussion and debate but I will never create or I'm just a CEO.". Its about getting this entire organization to go in one direction.. Collin Biondo also works in the tech world as an engineer at the email-security startup Abnormal Security. 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. Slootman: I entered the US in 1984. Prior to joining Snowflake, Sunny held Corporate IT and Operations leadership roles at Nvidia from 2008-2020 as they scaled from less than 2,000 employees to 15,000. 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. But all that changed when Slootman came aboard. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. The issue was not Do I like the company? The issue was How many shares do I get? he recalls in his Dutch accent. It also changes over time. Muglia said that when he was CEO the board of directors encouraged a culture of free spending. Every other CEO of a company's making statements about how they support diversity, but you're not doing anything.'". In 2019, before the company went public, Slootman made more than $60 million in total compensation. 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. 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. She would also help a board address key issues including digital transformation, human capital, governance, and M&A. He also owned and sailing a boat called Invisible Hand and co-funded the Pac52yachting regatta. He also served as Vice President of Product Marketing and Product Management at VERITAS Software, which Symantec acquired. 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. The book . In early 2018, just over a year before his dismissal, Muglia met Forbes for breakfast at a New York hotel. The ever-cocky Slootman relishes the idea of proving the doubters wrong. The couple live in the Ruby Hill gated community in Pleasanton, a serene San Francisco Bay Area suburb where the typical home is worth $1.2 million. from Seattle University School of Law. That someone was Frank Slootman. A CEO must lead a board, period. And there'd be some praise or whatever," Chandna said. Age : 63. 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. 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. asked a year earlier, I likely would not have bit down on this. "When you have the potential [to build] one of the game-changing companies of all time, you should take the chance," Speiser told Forbes. + Follow. He also co-founded Epinions.com, worked as a consultant at McKinsey & Company, and was an analyst with CS First Boston. 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.' Slootman, who took over Snowflake in April 2019, had been as ruthlessly efficient with the rest of the process. I will return to it at some point. felt it not equitable for customers. 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. "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.". Earlier in his career, he spent nearly a decade at Oracle as Senior Vice President of Product and Services Marketing. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. 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. Chief Financial Officer. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. "My wife's still wondering what the hell happened.". She began her career at collaboration software company Genesys, where she built and led a global marketing organization. John was responsible for $1.4B in annual revenue, when he served as Senior Vice President of Worldwide Sales and Services at BMC Software. "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. After that it was board membership; Pure Storage, Medallia and Elementum SCM,and more VC investing with his own Invisible Hand Ventures. Snowflake's vision is a world with unlimited . 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 . In 2011, Slootman joined ServiceNow as its CEO. Snowflake, a cloud-based data-warehousing company, went public at $120 a share, and has since seen shares trade as high as $328 per share. There is no information on his parents, siblings, or any other family members. has extraordinary upside. 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. When Slootman attended all-hands meetings, he "would drop f-bombs and s-bombs," the executive said. Did you still want to challenge yourself at the helm of a company that could do great things? He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. I will still CTRL + SPACE for auto-complete. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. Which was then followed by his association with Compuware and software company Borland. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. Slootman returned to executive responsibilities in April 2011, taking the chairman and CEO roles at the cloud service company ServiceNow. 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. in Engineering (Electrical) and an M.S. He was more insulated. What is the appeal of that? 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. He holds a BA from the University of Delaware. He barely slept, said Ruben Gabriel, one of the crew. Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. I always felt I was born in the wrong country. 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. "He's very much like 'Don't ask me to do things that optically look good or that are PC because that's not Frank,'" he said. From 2011 until 2018, Mark served as Chief Executive Officer and Chairman of the Board of Palo Alto Networks, a global cybersecurity company, and as Vice Chairman of the Board until December 2022. Under the companys Amazon-style pricing, customers could easily expand their usage over time. A representative for Snowflake declined to comment for this article. See Bio. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. "You know, you're not going far enough, you're not going hard enough, you're not going fast enough. He sees himself as someone who bootstrapped his way up, people said. Jeremy Burton is the Chief Executive Officer of Observe, Inc. One year later, he took the company public with share prices that valued the company at more than $2 billion. Harnessing the clouds flexible computing output as if it were one giant supercomputer, Snowflakes software could locate and organize customers increasingly large amounts of dataconsumer information, product sales, employee overheadthen help make sense of it all quickly and cheaply enough to make it truly useful. Benoit is a leading expert in parallel execution and self-tuning database systems. Benoit has a PhD in Computer Science with a focus in Parallel Database Systems and is a named inventor on more than 100 patents. I have empathy with a lot of quarterbacks who dont know to retire, he says. 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. Why do you, as it appears, prefer that? Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. by Laura Draper, Head of Content. Denise also helped lead Genesys through its expansion to become a successful IPO and acquired company. 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. Before Google, Greg spent six years at Sun Microsystems, working on Java runtime environments and operating systems. warrants. Doug, thank you for that comment, Slootman replied. These LOBS could switch on a service instead of needing their own software tools to manage processes. Slootman told CNBC in October that he had no time for Silicon Valley's "lattes and neck rubs" culture. Slootman, who was born in the Dutch city of Huizen, 20 miles from Amsterdam, immigrated to the US in 1982 when he was in his 20s. "For many, this is very attractive," Slootman said of San Diego's laid-backness. It . However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Thierry Cruanes. So far, Snowflake is outrunning its competition. And the reason is, CEOs are only there for one reason, and that is they need to win. That lasted until April this year when he stepped into the chairman and CEO role at Snowflake. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. With more than 30 years of networking experience, she is the recipient of numerous awards including E&Ys Entrepreneur of the Year in 2015, Barrons Worlds Best CEOs in 2018 and one of Fortunes Top 20 Business persons in 2019. there was an element of restive, people like me have an outsized combative come along often. The board was the one telling me to spend money, the board was just as strongly behind this. Michael Scarpelli serves as Chief Finance Officer at Snowflake. I learned from that experience that I dont want to be in an elevator thats going down, he says. Frank Slootman Bio: Early Life. 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. Prior to joining Snowflake, she served as CMO for Apigee, an API platform company that went public in 2015 and Google acquired in 2016. The thing I liked about sailing was that if you make a mistake, its obvious within minutes.. Published Jul 7, 2022. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. "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. The eight-year . In 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. fire the CEO. Country of residence : Unknown. behave as if I am the chairman. Linked companies : Snowflake Inc. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief .
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