frank slootman age

Prior to that, Frank served as President of the Backup Recovery Systems Division at EMC following an 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. 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. Under the companys Amazon-style pricing, customers could easily expand their usage over time. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. Scarpelli got to work on Snowflakes books. ", "You know, he's this very formal, educated, Dutch, driven, business executive, right?" past. We're not into that. Frank Slootman is currently a married man. The company currently has a market cap of $48 billion. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Mark also serves on the boards of Cisco, GoDaddy and Pure Storage. 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.' He retired from Adobe in April 2018. Slootman began to hone his skills: He put more energy into short-term sales, worked to improve the product and raised cash to keep the business afloat. 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. mean there isnt room for discussion and debate but I will never create or Very large enterprises are choosing a vendor to go to bed with for five years, minimum, says Patrick Colville, an analyst at Deutsche Bank. situational and operate on so-called first principles. "Don't go to him for the touchy-feely feelings and advice. He hired up to 15 professional sailors and paid for their gear, travel, and accommodations for multiple races each year, which could cost as much as $1 million annually, according to his crewman Gabriel. Under his sales leadership, Snowflake has grown its annual product revenue from $0 to over $1 billion. Age 64. What brought to the USA? I never talked to other companies. From September 2019 through August 2020, Teresa is enrolled as a Fellow at Stanford Universitys Distinguished Careers Institute. from the U.S. Military Academy at West Point and a J.D. Benoit is a leading expert in parallel execution and self-tuning database systems. 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. But certainly I did it, says Muglia, noting that overall spending at Snowflake increased after he left. come along often. The simplest explanation is that investors wanted someone "Everybody was out to get him," Gabriel said. Similar is the scenario with his married life. Mark holds a B.S. Out went executives and sales reps who didnt fit Slootmans mold or didnt want to work for new supervisors who did. The book . He holds a B.A. She is a recipient of the SFSU and SCU Distinguished Alumni Awards in 2013 and 2016. He helped define the architecture and lead database performance efforts for Bulls parallel systems. Shelly Begun, who was also at ServiceNow and Data Domain, came on board as the head of human resources. by Laura Draper, Head of Content. Visit the Business section of Insider for more stories. We're getting a no-nonsense guy who quotes Patton.'". "That was kind of awesome. We broke the billion-dollar CTRL + SPACE for auto-complete. Data Domain Inc. Jun 2003 - Jul 20096 years 2 months. Kramer serves on the board of directors and the Audit Committee for each of Gilead Sciences and Coinbase. However, the details of his conjugal life are known to few. 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. And eventually, his journey led him to Data Domain. Frank Slootman is the CEO of Snowflake, a cloud-based database firm he joined in 2019 and took public in September 2020 in a blockbuster IPO. 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. I just kind of fell into it," he said. He holds a BA from the University of Delaware. At the That's it.". Stay up to date with what you want to know. An IPO is a blip on the radar, a mile marker during the marathon, he says now. Adds Srini Nandury of Summit Insights Group, who has a rare sell rating on Snowflake: Theyve clearly shown they can execute, but I cant justify this valuation by any means. Tell me more, Asheem.' Experience obviously Frank Slootmans path to the American Dream, via IPO billions, started with his making Naugahyde seats for the automotive and boating industries. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. "We did not come in peace," he wrote. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. A standout economics student at Erasmus University Rotterdam, Slootman finished school a year early to pursue internships in the United States. Your email address will not be published. 5.9% of any company is a huge deal. I become the CEO I need to be, the one that the situation I worked on the merger of Burroughs and Sperry which became Unisys. Frank explained. In addition, her organization managed finance for the companys supply chain, marketing, corporate communications, operations, HR, and IT groups. 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. Beyond. NOW WATCH: Warren Buffett is one of the most frugal billionaires. The investigation was dropped in February because of a technicality, and Brady was given a warning. It took on another $450 million, this time at a $4 billion valuation, about nine months later. 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. It . This is good news for Snowflake.. In Sailing is a small world. Prior to Oracle, Benoit worked at Bull Information Systems. And we're all just like, 'Did Frank just call the customer our homies?' In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. It was a very high See Bio. Following the sale, he became Senior Vice President and CFO of EMCs Software Group. Source of Wealth Software, Self . The former sailor runs pre-IPO companies like a tightly rigged high-performance watercraft, a captain with extreme confidence who will throw overboard anyone who shows the mildest mutinous inclination. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. In a rare interview, the press-shy Speiser discussed the difficult decision to fire Muglia: When you have the potential [to build] one of the game-changing companies of all time, you should take the chance., Just one problem: No one told Muglia until the day the company announced the coup. Mark currently serves as Chairman of the board of directors of Qualcomm, Inc. and as a director of Snorkel.AI. Mar 11, 2021, 11:30 ET. During his six-year tenure he help grow the business from $75m in annual revenues to $1.5bn. Muglia said that when he was CEO the board of directors encouraged a culture of free spending. How would you define your role? He owns 5.9% of Snowflake. I also had had enough time off, two years. 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. Doug, thank you for that comment, Slootman replied. There is no information on his parents, siblings, or any other family members. I always felt I was born in the wrong country. Thierry Cruanes. 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. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. "He was the king of the hill. through the acquisition of Bix, where he served as CEO. The day he took the company public on Nasdaq in 2007, shares jumped 66%; two years later, EMC outbid rival NetApp to acquire the business for $2.4 billion. "So Frank talked to me for two minutes and he was, like, 'Wow. that outcome could be. Slootman: My role Frank Slootman currently serves as Chairman and CEO at Snowflake. Around the same time, he began meeting with research analysts who would wind up setting bullish prices for the IPO. Dominic Ruso, ServiceNow's former vice president of finance, replaced Balaguras. Talking about his decision to come to the states, Frank expressed in an interview; how he had never worked in the country where he was born. Christian earned his bachelors degree in Industrial Engineering from Los Andes University, and he is a named inventor on numerous Snowflake patents. Frank Slootman is the biggest Snowflake of them all. this valuation by any means. Biography of Frank Slootman : Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. 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. So that was it. 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. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. I entered the US in 1984. Here's how he makes and spends his fortune. Frank Slootman is the CEO of the Cloud-based data storage company Snowflake. 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 . Just a month later, Snowflake under Slootman had shifted to become a performance-based business. "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. 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. Previously, Mike was Vice President and Technical Advisor to Symantecs Chairman & CEO. But Slootman was more interested in running the show, and Snowflake seized the opportunity. Kramer joined Cisco in 2012 as Senior Vice President of Corporate Finance. About a year after he came aboard, Slootman took ServiceNow public on the New York Stock Exchange. What's between them going even faster?'". He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. Prior to joining Snowflake, Mike served as CFO at ServiceNow from 2011-2019. Linked companies : Snowflake Inc. In 2011, Slootman joined ServiceNow as its CEO. Staffers started frantically Googling their new boss. 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. Slootman: Sailing is in ones blood. Was it purely the job with Burroughs or was there something else? The job of the board is to hire and fire the CEO. Frank has always refrained from talking about them even in his interviews. John was responsible for $1.4B in annual revenue, when he served as Senior Vice President of Worldwide Sales and Services at BMC Software. Copyright 2023 | WordPress Theme by MH Themes, Check Out The Net Worth of Hallea Jones! "For many, this is very attractive," Slootman said of San Diego's laid-backness. See Bio. I was never a mainframe guy. But all that changed when Slootman came aboard. Frank Slootman currently serves as Chairman and CEO at Snowflake. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Start your free trial. By Labor Day, it had become clear that Frank Slootmans third initial public offering would not be like the other two. Slootman returned to executive responsibilities in April 2011, taking the chairman and CEO roles at the cloud service company ServiceNow. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. 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. I dont getthat excited, he explains. These are people we knew from previous rodeos, Slootman says with a shrug. I hired on with Burroughs instead. With Scarpelli's help, Slootman started cutting costs. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. "It was not the kind of environment that I enjoyed participating in," Haldeman said. Forthright Slootman was brought into the world on October 3, 1958, and is 61 years of age as of September 2020. 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. Blocks & Files: You were effectively a startup CEO at Data Domain. temperament that needs an outlet I guess, but I never really decided to I have never crossed paths with Larry Ellison on the sailing front although Ive had many crew over the years who sailed with Larry. Frank took us from a very large startup and made us into a very large, well-oiled machine, Luddy told Forbes in 2018. 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. Denise also helped lead Genesys through its expansion to become a successful IPO and acquired company. 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. It doesnt matter how good you are or how bad you arein the wrong elevator, youre going to get hosed. Eventually, he was able to shift to the up elevatorcomputersfirst in Detroit, then in Ann Arbor, Michigan, where he moved customers off mainframes to more modern server products. 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?. He has more than 15 years of management and leadership experience. re-enter the workforce. The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. 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. Frank Slootman. The beloved chocolate snacks disappeared, and daily catered lunches were replaced by an in-house cafeteria that was still free but seen by some as a downgrade. As in sailing, the 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. Wyss said. 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. She currently serves on the boards of ServiceNow (NYSE: NOW), Warby Parker and Snowflake. Eight years later, with Snowflake, he had to do it over Zoom. Billboard ads with corny messages like Happy Holi-data soon lined Silicon Valleys main highway, U.S. Route 101. After needing just over $5 million in investment in its first two low-profile years, by early 2018, when Snowflake reached a valuation of $1.8 billion, it had raised almost a half-billion. She has over 25 years of experience leading key aspects of global IT and HR organizations in high tech and healthcare. Snowflake, valued at $4 billion when Slootman took over, more than doubled that first day and is up significantly since. 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. He had built a monster and Data Domain still dominates the purpose-built backup appliance market, 11 years on. His first action: reorganizing the sales arm of the business to separate large customers from small, focusing more intently on converting the bigger fish. "It was not written under the name of Frank, which is telling," the former Snowflake executive said. "Silicon Valley is very much a high-fiving, self-congratulatory culture," he said. That's not him at all. Otherwise, Im going to go ahead and run the company., When Slootman expressed interest in the Snowflake CEO job, Sequoia and Sutter Hill jumped. And when Slootman and his team virtually rang the bell of the New York Stock Exchange, a process that looked as awkward as it sounds, raising some $3.4 billion in the process, Salesforce and others were there to support the floor. President Barack Obama appointed him to serve on the Presidents National Security Telecommunications Advisory Committee in January 2011, and he served on this Committee until April, 2023. Publisher (s): Wiley. The IPO was the. Buying up cloud storage credits from Amazon and its rivals and reselling them, all while keeping Snowflakes own software running, was costly, especially as Snowflake expanded to new markets such as Australia.
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