" We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. 14:42 EST 06 Dec 2020 After leaving . About. . Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. He believed that the storage market was about to undergo a major shift. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. He has chosen to keep information about his wife or relationships in the public media. 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. Frank Slootman added: "I'm excited to advise Blackstone. 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. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. Given his accolades, Slootman gets invited to speak at many events. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Reflects change since 5 pm ET of prior trading day. 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. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. by Laura Draper, Head of Content. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Lets talk about it in detail. 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 doesn't have an official Wikipedia profile to his name. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. 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. He is the chief executive officer of a business called Mirakl. She is VP and secretary of the Slootman Family Foundation. Frank Slootman's net worth is 1.6 billion USD. Story continues below. His Girlfriend/boyfriends name is Not Available. Frank Slootman, Snowflake chairman and CEO. Slootman owns around 10% of Snowflake, including his . That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Mr. Slootman is a billionaire businessman who was born on 3rd October 1958 in Holland. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. [5] [6] It allows corporate users to . 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? The book was written with the help of Will Weisser and is on sale at major retail and online book stores. What is Frank Slootmans net worth? Frank Slootman currently serves as Chairman and CEO at Snowflake. Company shares jumped just over 14 percent on Friday to $387. The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. 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 But no CEO has a better track record of turning the ideas of others into jackpots. Frank Slootmans net worth is 1.6 billion USD. ', Frank Slootman the CEO of ServiceNow (NYSE: NOW) has a spring in his step. If you want to know more about this CEO, this might be the book to read. By I never worked in Holland, but was born, raised and educated there. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. by Frank Slootman Paperback. 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. What trends will drive the next decade of innovation? This item: Rise of the Data Cloud. 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. Frank Slootman is a cheerful harnessed man. It has been suggested that he and his other half have two cubs and that his parents are from the Netherlands. Slootman was born in the Netherlands on September 3, 1958. Photo by Christie Hemm Klok/The Forbes Collection. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service . Which was then followed by his association with Compuware and software company Borland. An in-house cafeteria replaced the usual catered lunch offerings, and sales representatives no longer had free reins on unexplained spending. 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. 15:00 EST 06 Dec 2020. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. He knows what problems exist in his field today, and he knows how to address them as well. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. It . Frank Slootman Wife / Married 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. This page was last edited on 12 March 2021, at 18:12. We are no longer accepting comments on this article. 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. After all, he has experience on his side. 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. Frank Slootman currently serves as Chairman and CEO at Snowflake. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. [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. 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. Frank Slootman Net Worth. He published a book in 2011 called Tape Sucks. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Slootman, 61, is a professional CEO. The vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. Frank Slootmans total net worth is USD 1.6 billion. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. He has been involved with various companies in various ways over the course of his multi-decade career. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. [15][16][17] It raised another $100 million in April 2017. Frank Slootman is a happily married man. Wikitia is not affiliated to Wikimedia Foundation. 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. Slootman owns around 10% of Snowflake, including his options. 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.. Frank Slootman is a happily married man. [9][10] The company was ranked first on the Forbes Cloud 100 in 2019. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. Slootman said the companies' AI and machine learning teams often work collaboratively, for example, and that they have a history of announcing integrations at previous re:Invents. After he . 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. Save my name, email, and website in this browser for the next time I comment. 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. For example, he made a few changes at Snowflake when he became CEO. $18.59. Snowflake's Frank Slootman doesnt start companies. 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. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. Published Apr 13, 2021. Manage Settings He later told Blocks and Files in 2019: Sailing is in ones blood. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. 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. 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. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner . In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. I will return to it at some point.. He is the current chief executive officer of Telkom, SA Soc Ltd. Snowflake is Slootmans third IPO. 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. Slootman was born in the Netherlands on September 3, 1958. The Estimated Net worth is $80K USD $85k. By the close of Snowflake's . Required fields are marked *. 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. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. Its now worth $96 billion. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. 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. 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. [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]. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. At that time, it had 3,400 active customers. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Save my name, email, and website in this browser for the next time I comment. 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. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Carrie Johnson Pregnancy Rumours And Children Details, Find Magpie Murders PBS Cast, Release Date, Time, And More Details, Who Is Grant Gaumer, 37? 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. He's an operations guru, the leader who turns a jet plane into a . Also, we have no idea about his brother and sister, and we dont know their names either. June 7, 2021. He is an interesting figure who has stirred up his share of controversy. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. 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. 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. Slootman insisted his decision to join Snowflake wasnt motivated by money. 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. [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. FORTUNE may receive compensation for some links to products and services on this website. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. It's been suggested that he and his wife have two children and that his parents are from Holland. 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. 5.9% of any company is a huge deal. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. 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 . 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. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. by Frank Slootman Hardcover. 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. 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. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. The IPO was the third for Dutch-born Slootman, who . Yes, Frank Slootman, the G.O.A.T. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. 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. 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. 5.9% of any company is a huge deal. Brenda, who is 61, is the Vice President and Secretary of the Slootman Family Foundation. Collin Biondo also works in the tech world as an engineer at the email-security . A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. Instead, hes got something equally as coola sailing boat named The Invisible Hand. 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. [23], On February 7, 2020, the company raised another $479 million. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. His options are worth about $25 million a month at the current share price. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. 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. CEO Frank Slootman strongly disputes the argument. Frank Slootman is currently a married man. Including his options, Slootman owns about 10% of Snowflake. As cool as it may sound, Slootman doesnt actually have a literal invisible hand. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". Its been suggested that he and his wife have two children and that his parents are from Holland. 10. Slootman knows exactly what hes doing. Who is Frank Slootman's wife? 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. There are many questions left unanswered about the months leading up to Snowflake going public. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. 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. And eventually, his journey led him to Data Domain. [9] In June 2019, the company launched Snowflake Data Exchange. Let me explain. The list of its authors can be seen in its historical. 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. 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 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. 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 . Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. Slootman claims about 10% of Snowflake, including his picks. 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. Watch our CEO, Frank Slootman, on @CNBCTechCheck discuss our latest earnings https://t.co/jacWnl2Lsu, Patrick Cuba (@PatrickCuba3) May 28, 2022. 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. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. 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. Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. 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.
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