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. Slootman brought this combative spirit to Snowflake, cutting spending and people he deemed unnecessary, insiders said. 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. Sign up for notifications from Insider! Snowflake Inc. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. She is a frequent speaker on topics including corporate board diversity, sponsorship and inclusion, and was a Stanford Entrepreneurial Thought Leaders speaker. by Frank Slootman. 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. Cofounders Dageville and Cruanes are counting on Slootman and CFO Scarpelli to steer Snowflake through the stock markets gyrations. The appearances do not bother me. I never worked in Holland, but was born, raised and educated there. 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. SAN FRANCISCO, March 11, 2021 /PRNewswire/ -- Instacart, the leading online grocery platform in North America, today announced that Frank Slootman, Chairman and Chief . 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. 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. 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 . Michael Scarpelli serves as Chief Finance Officer at Snowflake. "You're in a battle, and the battle doesn't end until you finish that race," Gabriel said. 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. Slootmans my-way-or-the-highway attitude caused a stir when he arrived at Snowflake on April 26, 2019, hours after cofounders Benoit Dageville and Thierry Cruanes informed well-liked CEO Bob Muglia, a Microsoft veteran, that his services were no longer required. He holds a BS and MBA from University of San Francisco, and Executive Education in Leadership and Technology from Stanford University. These are multiples, frankly, that the world hasnt seen since the internet bubble in 1999, says Brad Zelnick, an analyst at Credit Suisse. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. many layers between me and the action. As Executive Vice President and CFO, Mark co-led Documentums $1.7 billion sale to EMC. A representative for Snowflake declined to comment for this article. 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. To make the company more Wall Street ready, Snowflake started working with its bigger customers to show them where they were wasting money running needless reports. 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. Benoit co-founded Snowflake and currently serves as President of the Product division. Derk Lupinek serves as General Counsel of Snowflake. I am truly a hybrid Dutch-American. this valuation by any means. After leaving the company Slootman joined the board of Imperva, a cyber security business, and spent some time in venture capital, investing in startups. By the close of Snowflake's first day . to sell more than all its competitors combined. He helped define the architecture and lead database performance efforts for Bulls parallel systems. He recalled one instance when Slootman referred to ServiceNow's customers as its "homies. I was rejected at least a dozen times by IBM. I learned from that experience that I dont want to be in an elevator thats going down, he says. Biography of Frank Slootman : Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. And the reason is, CEOs are only there for one reason, and that is they need to win. "They love to just do a victory lap. 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. from the U.S. Military Academy at West Point and a J.D. The simplest explanation is that investors wanted someone situational and operate on so-called first principles. Slootman likes to say that he doesnt have a formula, even after having pulled off similar magic at both Data Domain and ServiceNow. 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Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-14-2022 03:45 PM. Experts say Snowflake, which today has a market valuation of nearly $77 billion, has been bolstered by therise of remote work during the pandemic. through the acquisition of Bix, where he served as CEO. Competitors include Vantage, SAP, Yellowbrick Data, Microsoft Azure and AWS. "Bob was kind of like your dad, just very jovial and happy, would walk around and talk to employees," the former executive added. Linked companies : Snowflake Inc. Frank explained. ", The post raised collective eyebrows at Snowflake, former employees said. See Bio. He has more than 15 years of management and leadership experience. 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. People want to be patted on the back and feel good I'm into not feeling good.". 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. Thierry co-founded Snowflake and currently serves as Chief Technical Officer. In 2019, during an all-hands meeting at Snowflake, Slootman told the story of how early in his career he was rejected for a job he was well qualified for because the company needed to fill a quota of hiring more minorities, a former senior Snowflake employee said. Benoit is a leading expert in parallel execution and self-tuning database systems. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. Previously, Mike was Vice President and Technical Advisor to Symantecs Chairman & CEO. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. 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. Frank Slootman Bio: Early Life. Benoit Dageville. He did this in part by diversifying the product set so ServiceNow could sell to lines of business (LOBs) outside the IT department. Chris Degnan. to market this promising. Blocks & Files: You were effectively a startup CEO at Data Domain. See Bio. He wants answers, he wants change, he wants to grow the business. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. I do prefer the earlier stages of growth. The company promised to do for data warehouses, which then lived on customers own servers, what Amazon Web Services had done for data storage. I entered the US in 1984. come along often. Published Jul 7, 2022. 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. She also worked in GEs corporate headquarters, and Transportation Systems and Aerospace divisions. felt it not equitable for customers. eight hundred pound gorilla in the space, but we sure did not start Following the sale, he became Senior Vice President and CFO of EMCs Software Group. If Im doing a bad job, you should go ahead and fire me. Snowflake, while not yet generating $1 billion in annual revenue, leaped into the Cloud Wars Top 10 several months ago and . Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Jayshree holds a B.S. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Who is Snowflake CEO Frank Slootman? | The US Sun [2] [3] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Insider spoke with 15 people who know Slootman, who is 62, including former Snowflake colleagues and those from Slootman's past companies ServiceNow and Data Domain. 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. Snowflake CEO Frank Slootman is the toast of the big data community, and following the $3.4 billion IPO, a favorite on Wall Street too. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. We're getting a no-nonsense guy who quotes Patton.'". Sylvia serves as Chief Human Resources Officer at Snowflake. "We all saw the LinkedIn and were like, 'OK, we know what we're getting into now. 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. Slootman knows exactly what he's doing. Additionally, from 2005 to her retirement, she led Deloittes global relationship with Apple, which spans a momentous period including the release of the iPhone, iPad, and Apple Watch and saw Apple increase its market capitalization from less than $10B to more than $1T. When you win, nobody can hurt you. Two years after Slootman came aboard as the CEO of ServiceNow, in 2011, he moved its headquarters to Santa Clara, in Silicon Valley. How would you define your role? The book . Slootman: Sailing is in ones blood. I'd just throw the deck out because forget about it, Frank's here. re-enter the workforce. Had they mean there isnt room for discussion and debate but I will never create or 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.