This is probably the biggest understatement of the year. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Wiki: Net Worth, Husband, Wedding, Diet, Son, Engaged, Whos Shah Rukh Khan? [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. Explore his Wikipedia details below. Luke Kenton For Dailymail.com Many rumours related to Carrie Johnson pregnancy have been surrounding around the globe. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Frank Slootman doesnt have an official Wikipedia profile to his name. 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. TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. Its none other than CEO Frank Slootman, and here are 10 things about the guy behind the current Snowflake craze. He served as the company's CEO for six years. Terms & Conditions. Brenda Lynne Slootman, his wife, is his life partner. "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. It's been suggested that he and his wife have two children and that his parents are from Holland. The monster pay package is partly a result of Snowflakes surging valuation. The company currently has a market cap of $48 billion. Further, Frank also shed some lights on his early work experience at Burroughs. Its been suggested that he and his wife have two children and that his parents are from Holland. Snowflake presently has Frank Slootman as Chairman and CEO. Explore his Wikipedia details below. Yes, Frank Slootman, the G.O.A.T. . Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. 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. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. Fathers name is Not Available. 2023 Forbes Media LLC. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. 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. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B. Frank Slootman currently serves as Chairman and CEO at Snowflake. In short, money talks, and Slootmans got it in his hands and in his mouth. However, the details of his conjugal life are known to few. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. Slootmans pay package includes in excess of 13.7 million options each with a fixed price of $8.88. Frank has always refrained from talking about them even in his interviews. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. Who is Frank Slootmans wife? 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 . Here's the . 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 knows exactly what he's doing. He knows what problems exist in his field today, and he knows how to address them as well. 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 . 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. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . If there were one person you could sit and learn from today, who would it be? Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. I was rejected at least a dozen times by IBM. 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 has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. 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 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. He became CEO of storage company Data Domain in 2003, took it public in 2007, and sold it to EMC for $1.8 billion in 2009. Much like how he runs his companies, Slootman is always direct in his speeches. Save my name, email, and website in this browser for the next time I comment. Save my name, email, and website in this browser for the next time I comment. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. by Laura Draper, Head of Content. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. 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. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. Because of his much sought-after expertise, Slootman gets paid a decent sum of money. 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. 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. She is VP and secretary of the Slootman Family Foundation. But you dont achieve a $1.8 billion net worth by being a spendthrift. The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. 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). We are no longer accepting comments on this article. A few years ago, Slootman stepped down as ServiceNow's CEO. 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. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Frank Slootman, Snowflake chairman and CEO. Full #video here: https://t.co/ZEuq15Ykv4, Your email address will not be published. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. 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 . 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. Interview with ServiceNow's CEO Frank Slootman, ServiceNow's CEO Shows How to Disrupt Billion-Dollar Markets. He cuts back where he sees fit. Frank Slootman Wife / Married Snowflake Inc. is doing well by any stretch of the imagination. He is the current chief executive officer of Telkom, SA Soc Ltd. 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. [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. He is a financial tycoon specialist and the president and CEO of Snowflake Inc. by calling. 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. Dhruv Saxena is the CEO of ShipBob, which offers fulfillment services for online businesses. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. He's an operations guru, the leader who turns a jet plane into a . 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. He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. Interested individuals might have seen his name in recent times because his company has raised $200 million in a Series D funding round. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Wiki: Net Worth, Nationality, Ethnicity, Wheres Mena Suvari today? Slootman applies this philosophy in the workplace as well. [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". He cancelled the luxurious annual employee ski trip to Tahoe. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth technology companies. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. by Frank Slootman Hardcover. The Estimated Net worth is $80K USD $85k. Snowflake presently has Frank Slootman as Chairman and CEO. 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. Slootman claims about 10% of Snowflake, including his picks. Watch our CEO, Frank Slootman, on @CNBCTechCheck discuss our latest earnings https://t.co/jacWnl2Lsu, Patrick Cuba (@PatrickCuba3) May 28, 2022. Well, considering the difficulty in creating a new market, you almost certainly will have to disrupt an existing market. Frank Slootman. 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. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. 2022 Fortune Media IP Limited. Slootman moved to Silicon Valley in 1997. Some may describe him as direct. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. COVID-19 fundamentally changed the way businesses operate. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Slootman, 61, is a professional CEO. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. About. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. Snowflake is Slootmans third IPO. 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. 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[11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. [23], On February 7, 2020, the company raised another $479 million. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. Brenda Lynne Slootman, his better half, is his soul mate. FORTUNE may receive compensation for some links to products and services on this website. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". Given this period of high growth and innovation, Blackstone is well positioned to help entrepreneurs realize their potential and execute . 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. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. 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. Frank Slootman currently serves as Chairman and CEO at Snowflake. And eventually, his journey led him to Data Domain. 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. He published a book in 2011 called Tape Sucks. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. In his spare time, Slootman is a keen sailor and regatta racer. 0 likes. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Reflects change since 5 pm ET of prior trading day. 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