Slootman knows exactly what hes doing. The IPO was the third for Slootman . Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Others might say that hes completely brash. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. 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. Chief Executive Officer Frank Slootman is reportedly reaping the benefits of the companys success, which has helped to make the 62-year-old one of the best-paid technology executives in the industry. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . All Rights Reserved. Slootmans style of leadership is not gentle at all. 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. He's an operations guru, the leader who turns a jet plane into a . 14:42 EST 06 Dec 2020 Slootman knows exactly what he's doing. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. Dageville and Cruanes previously worked as data architects at Oracle Corporation; ukowski was a co-founder of the Dutch start-up Vectorwise. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. After he . Many rumours related to Carrie Johnson pregnancy have been surrounding around the globe. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. It's been suggested that he and his wife have two children and that his parents are from Holland. Slootman owns around 10% of Snowflake, including his options. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. Interview with ServiceNow's CEO Frank Slootman, ServiceNow's CEO Shows How to Disrupt Billion-Dollar Markets. This article "Frank Slootman" is from Wikipedia. Slootman with wife, Brenda( Source : co) The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary. There are many questions left unanswered about the months leading up to Snowflake going public. The oil and gas sector is a bit of a laggard, when it comes to digital process optimization and wider adoption of IT services management or ITSM, according to the chief executive of one of the biggest players in the industry. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. Frank Slootman, Amp It Up: Leading for Hypergrowth . But he was [], ServiceNow (NYSE:NOW) will likely turn out to be one of this year's top IPOs. Snowflake now has Frank Slootman as chairman and CEO. 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. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service . About. He reportedly once owned a yacht called The Invisible Hand, and won a number of international competitions. Slootman insisted his decision to join Snowflake wasnt motivated by money. The company pulled off its offering in late May at $18. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Wiki: Net Worth, Nationality, Ethnicity, Wheres Mena Suvari today? Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Snowflake CEO Wikipedia Bio And Net Worth 2022. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. Snowflake plans to create a fully integrated data stack to help senior executives and their teams develop innovative solutions to fast-changing business demands. He is the chief executive officer of a business called Mirakl. It has been suggested that he and his other half have two cubs and that his parents are from the Netherlands. 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. 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. Slootman was born in the Netherlands in October 1958. 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 From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. 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. A few years ago, Slootman stepped down as ServiceNow's CEO. 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). Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. 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 company that he co-founded in 2019. 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. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. Who is Frank Slootmans wife? Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. 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. [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. By the close of Snowflake's first day . Creative Commons Attribution-ShareAlike. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Show details. Dhruv Saxena is the CEO of ShipBob, which offers fulfillment services for online businesses. Frank Slootman added: "I'm excited to advise Blackstone. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". 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. Forbes reports that Slootman became a . Some of our partners may process your data as a part of their legitimate business interest without asking for consent. At that time, it had 3,400 active customers. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. By . Similar is the scenario with his married life. Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. 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. Given his accolades, Slootman gets invited to speak at many events. Snowflake is the extreme version of this; its business model naturally grows with consumption. 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 Silent Wife (Signed . Company shares jumped just over 14 percent on Friday to $387. 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. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers. Frank Slootman's net worth is 1.6 billion USD. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. We have no more Information about his Father; we will try to collect information and update soon. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. West Coast racer Frank Slootman, who won the 2017 Transpac with his Pac 52 Invisible Hand, set off on a new adventure this past weekend, racing his MOD70 Snowflake in the 3,000-mile RORC Transatlantic Race.The race departed Marina Lanzarote in the Canaries on Sunday, January 8, and will finish in Port Louis, Grenada. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. Here's the . In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. It has been very obvious by now, that Frank prefers to maintain a tight lip when it comes to talking about his personal life details. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. Story continues below. Frank Slootman's largest sale order was 1,017,582 units , worth over $344.13M on December 16, 2021. Photo by Christie Hemm Klok/The Forbes Collection. [7] It runs on Amazon S3 since 2014,[3] on Microsoft Azure since 2018[8] and on the Google Cloud Platform since 2019. Frank Slootman currently serves as Chairman and CEO at Snowflake. [23], On February 7, 2020, the company raised another $479 million. 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. 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. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. 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. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. 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. You can hire people ahead of . We cant say their name. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Given this period of high growth and innovation, Blackstone is well positioned to help entrepreneurs realize their potential and execute . Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Frank Slootman currently serves as Chairman and CEO at Snowflake. 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. Continue with Recommended Cookies. Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. Powered and implemented by Interactive Data Managed Solutions. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. 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. Frank Slootman aboard his prior vessel, Invisible Hand, a Reichel/Pugh 63. 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? He cuts back where he sees fit. In October 2018, about six months before Slootman joined and negotiated his compensation, the company raised funds at a valuation of about $3.5 billion. 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. He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. 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. 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 $33 Million. She is VP and secretary of the Slootman Family Foundation. Lindbergh High School Teacher Arrested, Katkat Manimtim & Marc Daniel Bernardo Bio Viral Video Explained, Paula Parkinson Biography, Wikipedia And The Story About Paula Parkinson, Find Name, Bio, Wikipedia, And Family Details Of 18-year-old Who Got Arrested For Prompting FBI warning. Frank Slootman, the new CEO of the cloud data warehouse vendor Snowflake says he was hired to scale Snowflake aggressively into the enterprise market, replacing legacy and 'first generation cloud . In his otherwise exceptional book Amp It Up . Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. The IPO was the third for Dutch-born Slootman, who moved to California for a job at Compuware in the dotcom boom, then worked at Borland Software. Frank Slootman currently serves as Chairman and CEO at Snowflake. He is an interesting figure who has stirred up his share of controversy. ServiceNow has been on a tear and as they say "just killing it". It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. Also, we have no information about his son and daughter. 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. 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. He cancelled the luxurious annual employee ski trip to Tahoe. COVID-19 fundamentally changed the way businesses operate. This page was last edited on 12 March 2021, at 18:12. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. 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In addition, he makes $750,708 as Chairman and CEO & Pres at Snowflake. 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. Slootman was born in the Netherlands on September 3, 1958. In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. We and our partners use cookies to Store and/or access information on a device. Frank further added the fact that he always felt like he was born in the wrong country. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. All Rights Reserved. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. But no CEO has a better track record of turning the ideas of others into jackpots. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. The company currently has a market cap of $48 billion. Slootman claims about 10% of Snowflake, including his picks. He has been involved with various companies in various ways over the course of his multi-decade career. Instead, hes got something equally as coola sailing boat named The Invisible Hand. Slootman owns around 10% of Snowflake, including his . I was rejected at least a dozen times by IBM. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. Frank Slootman is currently a married man. The book accounts his time in Data Domain and so much more. 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. 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. I will return to it at some point.. Explore his Wikipedia details below. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Frank Slootman is a cheerful harnessed man. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. , updated 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. Who is Frank Slootman's wife? However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. How? 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. Save my name, email, and website in this browser for the next time I comment. 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. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. Brenda Lynne Slootman, his wife, is his life partner. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. 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. June 7, 2021. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. Snowflake made history in September when it became the largest software company to IPO in US history. 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. In a 2017 interview with Dutch language publication Nautique, Slootman told the outlet: Regatta racing is the only thing that completely unplugs my mind from business pursuits.. Snowflake presently has Frank Slootman as Chairman and CEO. [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]. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. Initially expected to price shares between $75 and $85, the company went public at $120, catapulting up to $300 in its first day of trading. After leaving . ', Frank Slootman the CEO of ServiceNow (NYSE: NOW) has a spring in his step. Slootman was born in the Netherlands on September 3, 1958. Visit the Business section of Insider for more stories. Frank Slootman's net worth is 1.6 billion USD. Wikitia is not affiliated to Wikimedia Foundation. Slootman moved to Silicon Valley in 1997. Frank has always refrained from talking about them even in his interviews. [12], Snowflake Inc. was founded in July 2012 in San Mateo, California by three data warehousing experts: Benot Dageville, Thierry Cruanes and Marcin ukowski. Its been suggested that he and his wife have two children and that his parents are from Holland. The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. She is the Slootman Family Foundations vice president and secretary. TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. Tune in to hear from Steph Curry, Zoom's Eric Yuan, Snowflake's Frank Slootman, PagerDuty's Jennifer Tejada and many more in the 2020 Cloud 100 Virtual Summit livestream. Snowflake Inc. is doing well by any stretch of the imagination. Now the 3x IPO veteran is exclusively sharing his playbook. Offers may be subject to change without notice. Slootman owns around 10% of Snowflake, including his options. 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. 15:00 EST 06 Dec 2020. If there were one person you could sit and learn from today, who would it be? By the close of Snowflake's . Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. Prior to that, Frank served as President of EMCs Backup Recovery Systems Division following the acquisition of Data Domain Corporation/Data Domain, Inc. by the company, where he served as Chief Executive Officer and President and led the company through an IPO into the $2.4 billion purchase by EMC. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. FRANK SLOOTMAN is the Chairman and CEO at Snowflake Inc. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. 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. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. 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. 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. He knows what problems exist in his field today, and he knows how to address them as well. 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. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. 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. Snowflake petitioned for an IPO on September 16, 2020, offering 28 million offers for $3.4 billion, making it the largest IPO ever for programming. 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 Slootman doesnt have an official Wikipedia profile to his name. A compensation package he received . For example, he made a few changes at Snowflake when he became CEO. 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 . Based on the current share price, once Slootmans full options package is paid out in April 2023, it will be worth around $5.2 billion. BreakAway Athletes Earn City-Wide Honors! The workflow software company relies on a cloud computing platform to function. 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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 CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. 2022 Fortune Media IP Limited. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. He has chosen to keep information about his wife or relationships in the public media. [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. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. I was never a mainframe guy. In short, money talks, and Slootmans got it in his hands and in his mouth. This is probably the biggest understatement of the year. Snowflake Inc. is a cloud computingbased data cloud company based in Bozeman, Montana. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. Brenda Lynne Slootman, his better half, is his soul mate. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . Your email address will not be published. 5.9% of any company is a huge deal. The Estimated Net worth is $80K USD $85k. Frank Slootman is a happily married man. They are in relation from previous few years of a strong relationship. The good thing is you dont have to actually sit in with Slootman to get his lessons. All rights reserved. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. Some point to Snowflake's IPO as the latest and biggest example of lost billions in an IPO pop. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. 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. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). Brenda, who is 61, is the Vice President and Secretary of the Slootman Family Foundation. But we are sure that it is not available and his spouses name is not available. His options are worth about $25 million a month at the current share price. ServiceNow: From a Lifestyle Business to an IPO? An example of data being processed may be a unique identifier stored in a cookie. The consent submitted will only be used for data processing originating from this website. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. by Laura Draper, Head of Content. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. Is it time Harry & Meghan accept Clarkson's apology and move on? He is the current chief executive officer of Telkom, SA Soc Ltd. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. $18.59. 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. 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. This advertisement has not loaded yet, but your article continues below. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. Brenda Lynne Slootman, his better half, is his soul mate. 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. At Snowflake Summit last month, I was invited to interview Frank on stage about his book. 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. Frank has become one of the most revered CEOs in business. 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. Required fields are marked *. The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. Frank Slootman Net Worth. 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. "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. Biography of Frank Slootman. Frank Slootman is currently a married man. Collin Biondo also works in the tech world as an engineer at the email-security . Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth technology companies. What is Frank Slootmans net worth? 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. It's called, Amp it Up, Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Elevating Intensity. 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 . 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. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Slootman was born in the Netherlands on September 3, 1958. 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. On Wednesday, the cloud-computing company reported that third-quarter revenue more than doubled from a year earlier, and its stock has surged 183% to $339.89 since its Sept. 15 initial public offering. 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. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. 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. 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. Frank Slootmans net worth is 1.6 billion USD. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. The billionaire business reportedly keeps a tight lid on his personal life, but he is married to Brenda Lynne Slootman, with the couple said to have at least one child together. Yes, Frank Slootman, the G.O.A.T. 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 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. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. 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. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. 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. 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. Beyond. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner . 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. Also, we have no idea about his brother and sister, and we dont know their names either. Brenda Lynne Slootman, his wife, is his life partner. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. However, the details of his conjugal life are known to few. Frank Slootman, Snowflake 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. He published a book in 2011 called Tape Sucks. 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. I'm a huge bull on the opportunity in this country, I just can't help it because I've lived that., The comments below have not been moderated, By Watch our CEO, Frank Slootman, on @CNBCTechCheck discuss our latest earnings https://t.co/jacWnl2Lsu, Patrick Cuba (@PatrickCuba3) May 28, 2022. Frank joined Snowflake in May 2019 and has since become one of their spearheads.At the time of his inauguration as CEO, he said that the company would try to offer IPOs . He owns 5.9% of Snowflake. Which was then followed by his association with Compuware and software company Borland. His Girlfriend/boyfriends name is Not Available. [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. 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. Interested individuals might have seen his name in recent times because his company has raised $200 million in a Series D funding round. 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). [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. 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. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. That led to Data Domain. The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. Snowflake Inc. (NYSE:NYSE:SNOW) Q1 2022 Earnings Conference Call May 26, 2021, 5:00 PM ET Company Participants Jimmy Sexton - Head, IR Frank Slootman - Chairman, CEO & President Michael. Terms & Conditions. He believed that the storage market was about to undergo a major shift. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. Frank Slootman currently serves as Chairman and CEO at Snowflake. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. 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. This is especially true in the enterprise technology space. I am truly a hybrid Dutch-American. That is, [], Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. There is no information on his parents, siblings, or any other family members. Amp it up and the results will follow. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. Slootman has been there and done that before delivering amazing results for the companies that he leads. Slootman applies this philosophy in the workplace as well. By getting data out of narrow silos and into the hands of more employees and consumers. Slootmans pay package includes in excess of 13.7 million options each with a fixed price of $8.88. Some 36 years later, Slootman is . 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. Snowflake is Slootmans third IPO. He later told Blocks and Files in 2019: Sailing is in ones blood. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. The IPO was the third for Dutch-born Slootman, who . Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. Slootman is a hands-on guy and this book is a highly readable and enjoyable tour through his hands-on CEO toolkit. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Including his options, Slootman owns about 10% of Snowflake. At 61 years old, Slootman has created quite the reputation for himself. In his spare time, Slootman is a keen sailor and regatta racer. 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. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. Frank Slootman. Snowflake presently has Frank Slootman as Chairman and CEO. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. Let me explain. Whatever he learned from school is probably what we should all learn. Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. Your email address will not be published. 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. 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. Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. I campaigned our TP52 Invisible Hand for three years. We have no more Information about his Father; we will try to collect information and update soon. We have no more information about his spouse. A former executive at Borland, he moved over to a startup in 2001 called Data Domain. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. 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