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. Is it time Harry & Meghan accept Clarkson's apology and move on? 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. 5.9% of any company is a huge deal. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. The book . Slootman owns around 10% of Snowflake, including his . Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. All Rights Reserved. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. [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. Story continues below. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. I entered the US in 1984. Source link [ad_1] Frank Slotman is the CEO of Snowflake, a cloud storage company.Frank Slotman is the President and CEO of Snowflake, Slootman took office in May 2019 and started his CV in the world of enterprise software.Frank Slootman WikiFrank Slootman Net WorthNow look at Frank Slootman Net worth income salary This page was last edited on 12 March 2021, at 18:12. Frank Slootman added: "I'm excited to advise Blackstone. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. He became CEO of capacity organization Data Domain in 2003, floated it publicly in 2007 and offered it to EMC for $1.8 billion each of 2009. CEO Frank Slootman strongly disputes the argument. At that time, it had 3,400 active customers. Jax the Staffy is rescued after being stuck in a cave for two days, Eight people shot at Martin Luther King Day event in Florida, Kamala opts out of kneeling with Biden for Warriors photo op. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. All Rights Reserved. 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. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. Its a positive outlook for Snowflake, and its a bright signal for investors to really pay attention to this company now before its too late. Similar is the scenario with his married life. The good thing is you dont have to actually sit in with Slootman to get his lessons. by Frank Slootman Paperback. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. 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. This is especially true in the enterprise technology space. Snowflake CEO Frank Slootman could be seen as a true American success story.Slootman came to the U.S. from the Netherlands in 1984 with $100 or so in his pocket. However, the details of his conjugal life are known to few. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. I campaigned our TP52 Invisible Hand for three years. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Slootmans eye-watering pay package comes partly as a result of Snowflakes skyrocketing valuation. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. In his spare time, Slootman is a keen sailor and regatta racer. It . That led to Data Domain. Learn how your comment data is processed. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Snowflake's Frank Slootman doesnt start companies. Frank Slootmans net worth is 1.6 billion USD. She is the Slootman Family Foundations vice president and secretary. Frank has always refrained from talking about them even in his interviews. ServiceNow turned into an openly registered company in June 2012, when Frank Slootman led the company through an initial sale of shares worth $210 million. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. For example, he made a few changes at Snowflake when he became CEO. ServiceNow: From a Lifestyle Business to an IPO? Snowflake presently has Frank Slootman as Chairman and CEO. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. 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 has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Who is Frank Slootmans wife? Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Snowflake made history in September when it became the largest software company to IPO in US history. By getting data out of narrow silos and into the hands of more employees and consumers. Slootman may be someone you wouldn't be comfortable sitting face-to-face with, but he's definitely someone you can listen to in a room full of people. After leaving . He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. ', Frank Slootman the CEO of ServiceNow (NYSE: NOW) has a spring in his step. We and our partners use cookies to Store and/or access information on a device. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . About. Wiki: Net Worth, Nationality, Ethnicity, Wheres Mena Suvari today? Frank Slootman currently serves as Chairman and CEO at Snowflake. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. We have no more Information about his Father; we will try to collect information and update soon. Some point to Snowflake's IPO as the latest and biggest example of lost billions in an IPO pop. Instead, hes got something equally as coola sailing boat named The Invisible Hand. Lindbergh High School Teacher Arrested, Katkat Manimtim & Marc Daniel Bernardo Bio Viral Video Explained, Paula Parkinson Biography, Wikipedia And The Story About Paula Parkinson, Find Name, Bio, Wikipedia, And Family Details Of 18-year-old Who Got Arrested For Prompting FBI warning. 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. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. By the close of Snowflake's . In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner . ServiceNow has been on a tear and as they say "just killing it". I was never a mainframe guy. Frank explained. What Can Entrepreneurs Learn From Andrew Mason's Crazy Ride? Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. We have no more Information about his Father; we will try to collect information and update soon. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. 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? Whatever he learned from school is probably what we should all learn. Frank Slootman. But you dont achieve a $1.8 billion net worth by being a spendthrift. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Frank has become one of the most revered CEOs in business. Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. Photo by Christie Hemm Klok/The Forbes Collection. 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. Cloud leaders including Snowflake's Frank Slootman weigh in on Jassy's new role, and predict his likely successor. Frank Slootman is a cheerful harnessed man. 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. Nine months ago, Frank Slootman stepped onto the business equivalent of a bullet train when he joined the cloud-based data warehousing company Snowflake.The San Mateo company - fresh off a $450 . 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. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. He has chosen to keep information about his wife or relationships in the public media. Let me explain. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. Show details. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. 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. According to Forbes, Slootmans net-worth as of September 2020 was valued at $1.8 billion, though he told the network is status as a billionaire means very little. She is the Slootman Family Foundation's vice president and secretary. What is Frank Slootmans net worth? Slootman, who traveled to California for a position at Compuware during the dot-com boom and later worked at Borland Software, had his third IPO. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. by Frank Slootman Hardcover. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. 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? He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. Much like how he runs his companies, Slootman is always direct in his speeches. Frank Slootman's net worth is 1.6 billion USD. Terms & Conditions. He cuts back where he sees fit. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Slootman owns around 10% of Snowflake, including his options. Graves is also an advisor on the American Law Institute Project on Sexual and Gender-Based Misconduct on Campus.. Quick Facts and Information on Fatima Goss Graves 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). A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month - for four years - that are now worth more than $108 million each, or about $1.3 billion annually. Before that, he spent his life in Netherlands, where he was also born. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. Snowflake presently has Frank Slootman as Chairman and CEO. 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. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. Slootman knows exactly what hes doing. 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 . Frank Slootman Wife / Married The IPO was the third for Dutch-born Slootman, who . Brenda Lynne Slootman, his better half, is his soul mate. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. This item: Rise of the Data Cloud. He served as the company's CEO for six years. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. The post Frank Slootman Wife, Bio, Net Worth, Salary, Book, Married, Children, Stock, IPO, Wiki appeared first on Edailybuzz.com. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. But we are trying hard to collect all the information about him and will update you soon. A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month for four years that are now worth almost $95 million each, or about $1.1 billion annually. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. His Girlfriend/boyfriends name is Not Available. Lets talk about it in detail. 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. He owns 5.9% of Snowflake. of enterprise software CEOs, having run DataDomain, ServiceNow, and now Snowflake, was my kryptonite! Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. . [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. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. If there were one person you could sit and learn from today, who would it be? Slootman with wife, Brenda( Source : co) The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary. I will return to it at some point.. 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. Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. 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. Cloud database company Snowflake opened trading at more than double its list price, making CEO Frank Slootman, ex-CEO Bob Muglia and cofounder Benoit Dageville billionaires. The estimated net worth of Frank Slootman is at least $72 Million dollars as of 2023-01-14. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. Manage Settings While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. In an exclusive interview, Frank Slootman, President and CEO of [], With tech stocks flying, bubble calls are multiplying, but ServiceNow's Frank Slootman says his business is 'bulletproof. The mothers name is Not Available. It's been suggested that he and his wife have two children and that his parents are from Holland. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Company shares jumped just over 14 percent on Friday to $387. Who is Frank Slootman's wife? However, the details of his conjugal life are known to few. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. Slootman was born in the Netherlands on September 3, 1958. Now, his relationship is perfect. Snowflake CEO Frank Slootman has been at the CEO game long enough to learn a few things or two on how to create a successful business. The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware in the dotcom boom, then worked at Borland Software. I never worked in Holland, but was born, raised and educated there. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. 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. Nussenbaum has achieved massive success in his business endeavors and he stands as a role model, Read More 10 Things You Didnt Know About Adrien NussenbaumContinue, Sipho Maseko is a South African businessman. Wikitia is not affiliated to Wikimedia Foundation. Offers may be subject to change without notice. The free fall in housing market activity just concluded, says Capital Economics, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. [3] On September 16, 2020, Snowflake made an IPO, selling 28 million shares and raising $3.4 billion, making it the largest software IPO in history.[4]. Best of luck to Frank Slootman's #SNOWFLAKE (USA), an entrant in the #RolexMiddleSeaRace with a start in Grand Harbour, Malta on October 22, 2022. Liked by Frank Slootman Brenda, who is 61, is the Vice President and Secretary of the Slootman Family Foundation. Here's the . Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. When Mr. Slootman, now aged 61, saw Data Domain Corp. through its public debut in 2007, the data-storage company's shares opened with a 33% premium to their IPO price. Prior to Snowflake, Slootman has served as CEO for two other companies in the last two decades, including data-storage firm Data Domain, where he worked until its takeover by EMC Corp in 2003, and cloud-service firm ServiceNow Inc. where he worked from 2011 to 2017. Dhruv Saxena is the CEO of ShipBob, which offers fulfillment services for online businesses. In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. 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. Reflects change since 5 pm ET of prior trading day. He is the current chief executive officer of Telkom, SA Soc Ltd. SUN: 01:00 pm 06:00 pm, 2014 Nissan Pathfinder Wheel Bearing Torque Specs, Does False Labor Mean The Baby Is Coming Soon, 3 Phase 4 Wire System Is Commonly Used For Which Distribution, What Is The Meaning Of The Song Lemon Boy, Does Pete Hegseth Have Two Different Colored Eyes, Write Two Effective Verbs To Describe How A Sea Monster Might Move, BreakAway Speed Softball 18U 2020 Fall Schedule. 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. Your email address will not be published. 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. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. 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. 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The workflow software company relies on a cloud computing platform to function. 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. Published Apr 13, 2021. 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 Slootman currently serves as Chairman and CEO at Snowflake. TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. Biography of Frank Slootman. 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. We have no more information about his spouse. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. By As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. Snowflake is Slootmans third IPO. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Frank Slootman is an American billionaire businessman, individual investor, technology executive, and the chairman and CEO of Snowflake a cloud-based data st. Slootman once again led with sales as a bridge to a better product. 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 . Hear from Snowflake CEO Frank Slootman at @thoughtspot's #BeyondDigital20 on 12/9 as he discusses important leadership lessons he has learned and the future of data now that the pandemic has changed business forever: https://t.co/lnNhUm5J9o. Frank Slootman currently serves as Chairman and CEO at Snowflake. The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. It's called, Amp it Up, Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Elevating Intensity. I worked on the merger of Burroughs and Sperry which became Unisys. 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. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. 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. [23], On February 7, 2020, the company raised another $479 million. Slootman was born in the Netherlands on September 3, 1958. 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. Brenda Lynne Slootman, his wife, is his life partner. Slootman may be someone you wouldnt be comfortable sitting face-to-face with, but hes definitely someone you can listen to in a room full of people. Slootman claims about 10% of Snowflake, including his picks. , updated Slootman was born in the Netherlands in October 1958. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. The book was written with the help of Will Weisser and is on sale at major retail and online book stores. At 61 years old, Slootman has created quite the reputation for himself. Its now worth $96 billion. [12], Snowflake Inc. was founded in July 2012 in San Mateo, California by three data warehousing experts: Benot Dageville, Thierry Cruanes and Marcin ukowski. 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. 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. How? FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. Earlier this week, Snowflake reported that its third-quarter revenue more than doubled on the same time period last year, and it stock has jumped 223 percent since its record-breaking September 15 initial public offering (IPO). Amp it up and the results will follow. Many rumours related to Carrie Johnson pregnancy have been surrounding around the globe. 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But we are sure that it is not available and his spouses name is not available. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. He then moved to the USA in 1984 to work for Burroughs Corporation, and later went on to work for Compuware and software company Borland, before joining Data domain where he later became CEO. Frank Slootman is a happily married man. Frank Slootman is a happily married man. I need to spend the little bit of time I have left over with my family, not sailing. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. At Snowflake Summit last month, I was invited to interview Frank on stage about his book. If you know some information, please comment below. 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. Including his options, Slootman owns about 10% of Snowflake. Save my name, email, and website in this browser for the next time I comment. Given his accolades, Slootman gets invited to speak at many events. [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. She is VP and secretary of the Slootman Family Foundation. 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. Its been suggested that he and his wife have two children and that his parents are from Holland. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. Slootman insisted his decision to join Snowflake wasnt motivated by money. The biggest guess is that Frank Slootman simply had the track record for having previously taken data storage companies successfully out of trouble and into the future. A compensation package he received upon joining Snowflake in April 2019 reportedly awards him a selection of options every month for four years that are now worth more than $108 million each, or about $1.3 billion annually, according to Bloomberg. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. This article "Frank Slootman" is from Wikipedia. Frank Slootman doesn't have an official Wikipedia profile to his name. Others might say that hes completely brash. Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The list of its authors can be seen in its historical. Slootmans style of leadership is not gentle at all. There is usually more performance and efficiency to be gained from your existing staff, before you take the path of least resistanceunplanned, incremental growth, leading to mediocrity and waste. But no CEO has a better track record of turning the ideas of others into jackpots. 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. Creative Commons Attribution-ShareAlike. His options are worth about $25 million a month at the current share price. Interview with ServiceNow's CEO Frank Slootman, ServiceNow's CEO Shows How to Disrupt Billion-Dollar Markets. After he . She is VP and secretary of the Slootman Family Foundation. Frank Slootman's net worth is 1.6 billion USD. 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 $1.4B. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. The IPO was the third for Slootman . Yes, Frank Slootman, the G.O.A.T. Frank Slootman Net Worth. 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. 10 Things You Didnt Know about Dhruv Saxena, 10 Things You Didnt Know about David Baszucki, 10 Things You Didnt Know about Erez Galonska, 10 Things You Didnt Know About Adrien Nussenbaum, 10 Things You Didnt Know About Sipho Maseko, 10 Things You Didnt Know about Ben Chestnut, How Simone Biles Achieved a Net Worth of $16 Million, How John Madden Achieved a Net Worth of $200 Million, How Kelsey Asbille Achieved a Net Worth Of $3 Million. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. Snowflake is the extreme version of this; its business model naturally grows with consumption. 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. Brenda Lynne Slootman, his wife, is his life partner. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. 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. However, Baszucki is best-known for being the CEO of Roblox Corporation, which, Read More 10 Things You Didnt Know about David BaszuckiContinue, Erez Galonska is the CEO of Infarm. In short, money talks, and Slootmans got it in his hands and in his mouth. In his keynote speech at the company's Snowflake Summit 2022 in Las Vegas, CEO Frank Slootman explained how the company is now building on its expertise in the cloud . 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