The IPO was the third for Slootman . 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. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. 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. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Frank Slootmans net worth is 1.6 billion USD. Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. [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 good thing is you dont have to actually sit in with Slootman to get his lessons. The book was written with the help of Will Weisser and is on sale at major retail and online book stores. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. Luke Kenton For Dailymail.com 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 $75 billion. 0 likes. After that, Frank attended Erasmus University Rotterdam where he studied for more than 7 years from 1978 to 1985. Given this period of high growth and innovation, Blackstone is well positioned to help entrepreneurs realize their potential and execute . Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. Much like how he runs his companies, Slootman is always direct in his speeches. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. She is VP and secretary of the Slootman Family Foundation. 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 In his new book "Amp it Up," Slootman contends business leaders must "declare war on your competitors and incrementalism."Looked at another way, dream big, hire the right people and get after it. His Girlfriend/boyfriends name is Not Available. After all, he has experience on his side. 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. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. Interview with ServiceNow's CEO Frank Slootman, ServiceNow's CEO Shows How to Disrupt Billion-Dollar Markets. 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 Now the 3x IPO veteran is exclusively sharing his playbook. 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. It's been suggested that he and his wife have two children and that his parents are from Holland. 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. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. 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 Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. Frank Slootman's net worth is 1.6 billion USD. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. Frank Slootmans total net worth is USD 1.6 billion. I worked on the merger of Burroughs and Sperry which became Unisys. [23], On February 7, 2020, the company raised another $479 million. This is probably the biggest understatement of the year. 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. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. It has certainly worked well for himself, for the companies hes worked under, the many investors that have poured money in his name, and so forth. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. Frank Slootman is a happily married man. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. There are many questions left unanswered about the months leading up to Snowflake going public. Some point to Snowflake's IPO as the latest and biggest example of lost billions in an IPO pop. We are no longer accepting comments on this article. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. That led to Data Domain. The book accounts his time in Data Domain and so much more. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. 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. At 61 years old, Slootman has created quite the reputation for himself. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. He owns 5.9% of Snowflake. Slootman was born in the Netherlands on September 3, 1958. Frank has always refrained from talking about them even in his interviews. We have no more Information about his Father; we will try to collect information and update soon. But we are sure that it is not available and his spouses name is not available. 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. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. ServiceNow: From a Lifestyle Business to an IPO? 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. [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. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. 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To learn more about this, I had a chance to talk to Frank Slootman. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. 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. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. Instead, hes got something equally as coola sailing boat named The Invisible Hand. 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. 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. Save my name, email, and website in this browser for the next time I comment. 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 Slootman moved to Silicon Valley in 1997. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth technology companies. Terms & Conditions. Slootman once again led with sales as a bridge to a better product. . Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . Snowflake presently has Frank Slootman as Chairman and CEO. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. He has been involved with various companies in various ways over the course of his multi-decade career. 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 (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Theres no surprise here. The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. 15:00 EST 06 Dec 2020. Fathers name is Not Available. After he . You can hire people ahead of . Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. 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. I was rejected at least a dozen times by IBM. The Estimated Net worth is $80K USD $85k. 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. She is the Slootman Family Foundation's vice president and secretary. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. 5.9% of any company is a huge deal. I need to spend the little bit of time I have left over with my family, not sailing. At that time, it had 3,400 active customers. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. Before that, he spent his life in Netherlands, where he was also born. 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. 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. Slootman was born in the Netherlands on September 3, 1958. 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. 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. Snowflake's Frank Slootman doesnt start companies. 14:42 EST 06 Dec 2020 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. That is, [], Bachelor of Science, Erasmus University Rotterdam, The Netherlands; Master of Science, Erasmus University Rotterdam, The Netherlands. Your email address will not be published. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. The Silent Wife (Signed . [5] [6] It allows corporate users to . Frank Slootman is a happily married man. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. The consent submitted will only be used for data processing originating from this website. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. 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. Its been suggested that he and his wife have two children and that his parents are from Holland. 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? 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 also gets a $375,000 annual base salary, which can go higher depending on the firms performance. That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. We and our partners use cookies to Store and/or access information on a device. 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. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. 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. Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. 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. The mothers name is Not Available. Snowflake is the extreme version of this; its business model naturally grows with consumption. Who is Frank Slootman's wife? Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. Frank Slootman's net worth is 1.6 billion USD. 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. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. 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. 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. 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. 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. Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. Published Apr 13, 2021. This page was last edited on 12 March 2021, at 18:12. 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. Handicap racing wasn't for us anymore, and we had tried competitive smaller boat action with J/70 and C&C 30 divisions " Photo by Christie Hemm Klok/The Forbes Collection. Carrie Johnson Pregnancy Rumours And Children Details, Find Magpie Murders PBS Cast, Release Date, Time, And More Details, Who Is Grant Gaumer, 37? But we are trying hard to collect all the information about him and will update you soon. I entered the US in 1984. Learn how your comment data is processed. Snowflake CEO Wikipedia Bio And Net Worth 2022. Similar is the scenario with his married life. Brenda Lynne Slootman, his better half, is his soul mate. Also, we have no information about his son and daughter. Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? Yes, Frank Slootman, the G.O.A.T. Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Dhruv Saxena is the CEO of ShipBob, which offers fulfillment services for online businesses. In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner . Beyond. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. But then again, there really is only one Frank Slootman, IPO master in the world. 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. 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