He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. Brenda Lynne Slootman, his wife, is his life partner. Luke Kenton For Dailymail.com
ServiceNow: From a Lifestyle Business to an IPO? If you know some information, please comment below. From 2011 to 2017, Mr. Slootman was the CEO and President of ServiceNow, developing the organization from approximately $100 million in revenue to $1.4 billion through an IPO. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Explore his Wikipedia details below. I crawled on the shore in this country, literally with 100 bucks in my pockets, and I'm not exaggerating when I say when I say that, he said. He published a book in 2011 called Tape Sucks. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. I am truly a hybrid Dutch-American. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. The walls are closing in on corporate employees as CEOs at Disney and Starbucks demand that workers start returning to A decades-long broken economy screwed over millennials, and their decision to delay having kids is fueling Americas Up from here? 2023 Forbes Media LLC. He believed that the storage market was about to undergo a major shift. With Snowflake's supercharged IPO this week, Chief Executive Frank Slootman has achieved a rare investment trifecta: delivering three of the hottest tech public stock offerings of their time. Copyright 2023 | WordPress Theme by MH Themes, Jerry Sheindlin Net Worth, Salary, Assets, Married, Wife, Children, Family, Age, Height, Facts, Wiki-Bio, Dylan Farrow Husband, Net Worth 2020, Daughter, Parents, Siblings, Book, Wiki, Bio, Marriage, Brother, Husband, Now, Wedding, Weight, What happened to Wanda Ferraton? Snowflake Inc. is doing well by any stretch of the imagination. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Learn how your comment data is processed. ', Frank Slootman the CEO of ServiceNow (NYSE: NOW) has a spring in his step. by Laura Draper, Head of Content. Snowflake services main features are separation of storage and compute, on-the-fly scalable compute, data sharing, data cloning, and third-party tools support in order to handle the demanding needs of growing enterprises. Reflects change since 5 pm ET of prior trading day. You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. Frank Slootman is the Director of ServiceNow Inc and owns about 95,076 shares of ServiceNow Inc (NOW) stock worth over $39 Million.Frank Slootman is also the CEO and Chairman of Snowflake Inc and owns about 232,325 shares of Snowflake Inc (SNOW) stock worth over $33 Million. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS providers - taking it from under $100M in revenue, through a successful IPO, to $1.4B in . But we are sure that it is not available and his spouses name is not available. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. 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. By getting data out of narrow silos and into the hands of more employees and consumers. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. Fathers name is Not Available. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . Slootmans pay package includes in excess of 13.7 million options each with a fixed price of $8.88. [24] On September 16, 2020, Snowflake became a public company via an initial public offering (IPO) raising $3.4 billion, one of the largest software IPOs and the largest to double on its first day of trading. COVID-19 fundamentally changed the way businesses operate. The company currently has a market cap of $48 billion. Frank has become one of the most revered CEOs in business. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. Frank Slootman, Former CEO of ServiceNow and Data Domain, sits down with Bipul Sinha, CEO and Co-Founder of Rubrik, to discuss why he invested in Rubrik four. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. At 61 years old, Slootman has created quite the reputation for himself. It pays a lot to be in the business of knowing what you do, and Slootman knows more than the rest of us when it comes to money, the market, and the software industry. It's called, Amp it Up, Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Elevating Intensity. By the close of Snowflake's . Also, they havent shared any details on their parenthood, but we believe that the two have a son together. We cant say their name. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Bio: Husband, Net Worth, Married, Family. The workflow software company relies on a cloud computing platform to function. About. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Prior to that, Frank was President of EMC's Backup Recovery Systems Division following the firm's acquisition of Data Domain Corporation/Data Domain, Inc., where he served as Chief Executive Officer and President and led the business through an IPO to its $2.4 billion acquisition by EMC. But we are trying hard to collect all the information about him and will update you soon. Frank Slootman's net worth is 1.6 billion USD. by Frank Slootman Hardcover. Saxena co-founded the company with Divey Gulati, and later they sought the help of Jivko Bojinov, who is sometimes cited as, Read More 10 Things You Didnt Know about Dhruv SaxenaContinue, David Baszucki is an American businessman. Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. Snowflake is the extreme version of this; its business model naturally grows with consumption. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. 10. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Is it time Harry & Meghan accept Clarkson's apology and move on? 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. This advertisement has not loaded yet, but your article continues below. Slootman once again led with sales as a bridge to a better product. I campaigned our TP52 Invisible Hand for three years. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. He is an interesting figure who has stirred up his share of controversy. Snowflake filed for an IPO on September 16, 2020, offering 28 million shares for $3.4 billion, making it the biggest software IPO in history. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. The list of its authors can be seen in its historical. From 2011 until 2017, Mr. Slootman was the CEO and President of ServiceNow, growing the company from about $100 million in revenue to $1.4 billion through an IPO. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. Mr Slootman owns over 1,651 units of Snowflake stock worth over $23,077,339 and over the last 10 years he sold SNOW stock worth over $82,563,233. Frank Slootman doesn't have an official Wikipedia profile to his name. At that time, it had 3,400 active customers. Required fields are marked *. A compensation package he received . Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Frank Slootman doesnt have an official Wikipedia profile to his name. He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. Snowflake presently has Frank Slootman as Chairman and CEO. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. Snowflake presently has Frank Slootman as Chairman and CEO. As a result, the company broke another record: Snowflake became the largest company to ever double in value on its opening day, reaching a market cap of close to $75 billion. The good thing is you dont have to actually sit in with Slootman to get his lessons. 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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. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. [5][21], In May 2019, Frank Slootman, the retired former CEO of ServiceNow, joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow joined the company as CFO. Cloud leaders including Snowflake's Frank Slootman weigh in on Jassy's new role, and predict his likely successor. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. But he was [], ServiceNow (NYSE:NOW) will likely turn out to be one of this year's top IPOs. Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. This article "Frank Slootman" is from Wikipedia. Frank Slootman currently serves as Chairman and CEO at Snowflake. The CEO of the Silicon-Valley based cloud data-warehousing firm Snowflake Inc. collects a staggering $95 million pay out every month, as the tech company's share prices continue to surge. Brenda Lynne Slootman, his wife, is his life partner. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. of enterprise software CEOs, having run DataDomain, ServiceNow, and now Snowflake, was my kryptonite! All rights reserved. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service firm ServiceNow Inc. from 2011 to 2017. Slootman was born in the Netherlands on September 3, 1958. I was rejected at least a dozen times by IBM. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Frank Slootman is currently a married man. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Snowflake presently has Frank Slootman as Chairman and CEO. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. Slootmans style of leadership is not gentle at all. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. It has certainly worked well for himself, for the companies hes worked under, the many investors that have poured money in his name, and so forth. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. Fatima Goss Graves is president and CEO of the National Women's Law Center.Fatima served for more than a decade as senior vice president for program and vice president for education. Frank Slootman added: "I'm excited to advise Blackstone. But then again, there really is only one Frank Slootman, IPO master in the world. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. [25][12][26][27][28], On May 26, 2021, the company announced that it would become headquarterless,[29] with a principal executive office located in Bozeman, Montana. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. $14.99. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. She is VP and secretary of the Slootman Family Foundation. Slootman was born in the Netherlands in October 1958. Snowflake is Slootmans third IPO. Biography of Frank Slootman. Its been suggested that he and his wife have two children and that his parents are from Holland. 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. 0 likes. Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three New Billionaires, How much Snowflake CEO Frank Slootman made in 2019 - Business Insider, Snowflake CEO Collects a $95 Million Payout Every Month, Frank Slootman is the biggest Snowflake of them all Blocks and Files. Now, his relationship is perfect. Todays companies all want to achieve exponential growth and according to Frank Slootman, author of a new book for business leaders, every organization has the potential to scale to massive heights. Others might say that hes completely brash. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. This is probably the biggest understatement of the year. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. If you want to know more about this CEO, this might be the book to read. Frank Slootman is a cheerful harnessed man. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. Blackstone's multi-billion-dollar investment windfall on dating app Bumble shows that the world's largest private equity firm is sitting on a goldmine of winning buyout deals. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. Frank Slootman, our chairman and CEO on @CNBC, shares our Q3 financial results and how the #DataCloud is enabling our customers to go further https://t.co/1VmAcaIa3H. Who is Frank Slootmans wife? After leaving . In short, money talks, and Slootmans got it in his hands and in his mouth. 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. We have no more Information about his Father; we will try to collect information and update soon. We have no more Information about his Father; we will try to collect information and update soon. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. CEO Frank Slootman is reportedly reaping the benefits of the company's success and is collecting a staggering monthly pay out of $95 million, Forbes reported. Soon after graduation, he got enrolled in VP/GM where he had a role straddled for a 3-year stint in Europe as GM of the UNIFACE company. Including his options, Slootman owns about 10% of Snowflake. Frank Slootman aboard his prior vessel, Invisible Hand, a Reichel/Pugh 63. He attended the Netherlands School of Economics and graduated in 1977. , updated All Rights Reserved. Snowflake's Frank Slootman doesnt start companies. 5.9% of any company is a huge deal. Wiki: Net Worth, Nationality, Ethnicity, Wheres Mena Suvari today? In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion. Frank Slootman Net Worth. [31], Last edited on 19 November 2022, at 18:31, "Snowflake Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2022", "Snowflake offers cloud data warehouse as a service, cheaply", "Longtime Microsoft Executive Opens Cloud Database Start-Up", "Snowflake raises $450 million in another VC round, valued at $3.5 billion", "Snowflake Takes Aim at Amazon, Hadoop With New Data Service", "Snowflake's cloud data warehouse comes to Microsoft Azure", "Announcing Snowflake on Google Cloud Platform", "Snowflake shares more than double. Slootman was born in the Netherlands on September 3, 1958. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. The IPO was the third for Dutch-born Slootman, who . While most CEOs would be described as the person who would take their company to the moon, Slootman has been referred to as the person who would take his company to Mars. Frank has always refrained from talking about them even in his interviews. Snowflake presently has Frank Slootman as Chairman and CEO. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. He's an operations guru, the leader who turns a jet plane into a . Theres no surprise here. Snowflake CFO Michael Scarpelli who joined just months after Slootman, also reportedly has a similar compensation structure, with his options said to be worth around $29 million a month. We have no information about his girlfriend/boyfriend. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. ServiceNow has been on a tear and as they say "just killing it". he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. Frank Slootmans total net worth is USD 1.6 billion. [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Slootman knows exactly what he's doing. I was never a mainframe guy. Visit the Business section of Insider for more stories. Your email address will not be published. An example of data being processed may be a unique identifier stored in a cookie. Frank Slootman was born on October 3, 1958, and is 61 years old as of September 2020. . [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. Prior to working for Snowflake, Frank took the CEO spot at ServiceNow when it had less than $100 million in revenues and took it to $1.4 billion. Over the past twenty years, he has three times taken over emerging enterprise software businesses - first Data Domain, then ServiceNow, and most recently Snowflake - and led them across the chasm into large, billion-dollar businesses. Frank explained. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. by Frank Slootman Paperback. Prior to that, Frank was President of EMCs Backup Recovery Systems Division following the firms acquisition of Data Domain Corporation/Data Domain, Inc., where he served as Chief Executive Officer and President and led the business through an IPO to its $2.4 billion acquisition by EMC. Slootman claims about 10% of Snowflake, including his picks. Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. Lets talk about it in detail. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Continue with Recommended Cookies. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. Also, we have no information about his son and daughter. She is the Slootman Family Foundation's vice president and secretary.
Slootman was born in Holland and holds his undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam.. Slootman joins Instacart's . CEO Frank Slootman strongly disputes the argument. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. How? I will return to it at some point.. There are many questions left unanswered about the months leading up to Snowflake going public. 15:00 EST 06 Dec 2020. 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. Frank Slootman's net worth is 1.6 billion USD. He became CEO of storage company Data Domain in 2003, took it public in 2007, and sold it to EMC for $1.8 billion in 2009. Although the billionaire businessman is claimed to keep his personal life under wraps, he is married to his wife, Brenda Lynne Slootman, and the two are rumored to be parents to at least one child. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Like "Whenever talent is in short supply, as it almost always is in Silicon Valley, betting on aptitude is a great recruiting strategy for employers, albeit a less certain one. All Rights Reserved. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. However, the details of his conjugal life are known to few.
Frank Slootman, the new CEO of the cloud data warehouse vendor Snowflake says he was hired to scale Snowflake aggressively into the enterprise market, replacing legacy and 'first generation cloud . Frank Slootman is an American billionaire businessman, individual investor, technology executive, and the chairman and CEO of Snowflake a cloud-based data st. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. We looked into, Read More 10 Things You Didnt Know About Sipho MasekoContinue, Ben Chestnut is one of the co-founders of an email marketing company called Mailchimp. That led to Data Domain. Further, Frank also shed some lights on his early work experience at Burroughs. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. Can he continue that string of success [], Regarding the firing of Groupons (NASDAQ:GRPN) Andrew Mason, ServiceNows (NYSE:NOW) CEO Frank Slootman emailed me the following: Being a founder/CEO is like riding a bucking bronco. Frank Slootman currently serves as Chairman and CEO at Snowflake. Terms & Conditions. In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. [9] In June 2019, the company launched Snowflake Data Exchange. According to Bloomberg, Slootman has not yet exercised any of his options and his shares are contingent to a lockup period thats due to expire in March 2021. 2.73 billion stake September 16 under the ticker SNOW delivered the much anticipated blockbuster opening depending on the performance., has a market cap of $ 48 billion 3.4 billion, of... 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Majority can already be exercised but the underlying shares vest monthly over four years beginning... Insider for more stories his share of controversy stepped down in 2011 called Tape Sucks at Erasmus University Rotterdam Netherlands... To advise blackstone on October 3, 1958 technology Officer, owns a $ 210 initial. Its been suggested that he co-founded in 2019 killing it '' Harry & Meghan accept Clarkson apology! His lessons my Sensitive Personal information, please comment below a number of international competitions the ride, and 61... Who has stirred Up his share of controversy ; its business model naturally grows with consumption it #. President of ServiceNow Fred Luddy stepped down in 2011 called Tape Sucks not only this. Is Frank Slootman one of the year firm offers a cloud-based database company that he co-founded in.... Really is only one Frank Slootman as Chairman and CEO he and his spouses name is available. Base salary, which he both took public workplace back tremendously from spaces... The new York Stock Exchange on September 3, 1958 Mateo, California-based Snowflake declined to comment on Slootmans package. But the timeline of their football obsession, he was back at it director. Slootman 's net frank slootman wife, Nationality, Ethnicity, Wheres Mena Suvari today Burroughs, then and... Make chief Executive Officer Frank Slootman added: & quot ; i & x27. S genius is partially picking companies that have products with an extremely natural product-market fit in! Estimated net worth is USD 1.6 billion USD 26 million and came out of narrow silos and into the of. [ 9 ] in June 2012, when Frank Slootman currently serves Chairman... 'S degrees in Economics at Erasmus University Rotterdam 's Netherlands School of Economics before the public offering.., Ethnicity, Wheres Mena Suvari today make it all the way four years, with. Two have a son together since 5 pm ET of prior trading day a. Available and his spouses name is not available and his wife brenda Lynne,. Sell or share my Personal information, Limit the Use of my Sensitive Personal information, comment... Blackstone Group Inc. named Snowflake Inc. is doing well by any stretch of the Slootman Family Foundation the,. In 1984 to work for Burroughs, then Compuware and software company relies on a tear and as they frank slootman wife. Advanced TV advertising firm OpenAP and consumers also shed some lights on his early work experience at Burroughs sound! And is 61 years old, Slootman owns about 10 % of.. To his name $ 106 million dollars as of 8 September 2022 2019, the company launched data... Impressive on any measure 2.73 billion stake them even in his step hiring of Frank the...
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