She is the Slootman Family Foundation's vice president and secretary. 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. 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. 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. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. The company currently has a market cap of $48 billion. Many in the emerging tech sector would name Frank Slootman easily because of the kind of substance he gives when he speaks. But then again, there really is only one Frank Slootman, IPO master in the world. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. $14.99. 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 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. he obtained his lone rangers and graduate degree in financial aspects from the Netherlands School of Economics of the Erasmus University Rotterdam. 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. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. , updated FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. 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. Some of Wikitia's pages are sourced from Wikipedia.org's Mainspace and Draftspace. He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. 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. I never worked in Holland, but was born, raised and educated there. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. Snowflake Inc. is doing well by any stretch of the imagination. Slootman knows exactly what hes doing. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Frank further added the fact that he always felt like he was born in the wrong country. Much like how he runs his companies, Slootman is always direct in his speeches. [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. 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. Biography of Frank Slootman. Frank Slootman doesn't have an official Wikipedia profile to his name. $18.59. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. Snowflake made history in September when it became the largest software company to IPO in US history. We cant say their name. By getting data out of narrow silos and into the hands of more employees and consumers. Also, we have no information about his son and daughter. Dageville and Cruanes previously worked as data architects at Oracle Corporation; ukowski was a co-founder of the Dutch start-up Vectorwise. He cuts back where he sees fit. Slootman was born in the Netherlands in October 1958. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. The book was written with the help of Will Weisser and is on sale at major retail and online book stores. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. 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. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. Is it time Harry & Meghan accept Clarkson's apology and move on? Snowflake CEO Wikipedia Bio And Net Worth 2022. His options are worth about $25 million a month at the current share price. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. [5] [6] It allows corporate users to . [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. Slootman claims about 10% of Snowflake, including his picks. "Frank took us from a very large startup and made us into a very large, well-oiled machine," Luddy told Forbes in 2018. The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. We are no longer accepting comments on this article. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. 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). I campaigned our TP52 Invisible Hand for three years. 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. Check out the subtleties of his Wikipedia below. 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. The IPO was the third for Dutch-born Slootman, who . He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Some 36 years later, Slootman is . But we are trying hard to collect all the information about him and will update you soon. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. I was rejected at least a dozen times by IBM. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. 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 Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. Frank explained. Learn how your comment data is processed. All Rights Reserved. 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 . Brenda Lynne Slootman, his wife, is his life partner. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. By the close of Snowflake's first day . This article "Frank Slootman" is from Wikipedia. The book . 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. A former executive at Borland, he moved over to a startup in 2001 called Data Domain. To learn more about this, I had a chance to talk to Frank Slootman. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. 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. There are many questions left unanswered about the months leading up to Snowflake going public. 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[13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. Fathers name is Not Available. [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. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. He is the chief executive officer of a business called Mirakl. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. Frank Slootman is currently a married man. Collin Biondo also works in the tech world as an engineer at the email-security . 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. She is the Slootman Family Foundations vice president and secretary. Slootman is a hands-on guy and this book is a highly readable and enjoyable tour through his hands-on CEO toolkit. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. 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. Also Read:Who Is Kelsey Chittick? Frank Slootmans net worth is 1.6 billion USD. Full #video here: https://t.co/ZEuq15Ykv4, Your email address will not be published. Visit the Business section of Insider for more stories. Which was then followed by his association with Compuware and software company Borland. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. Slootman applies this philosophy in the workplace as well. If there were one person you could sit and learn from today, who would it be? In his spare time, Slootman is a keen sailor and regatta racer. 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. 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. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. 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. The Estimated Net worth is $80K USD $85k. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. He is an interesting figure who has stirred up his share of controversy. Slootmans style of leadership is not gentle at all. Published Apr 13, 2021. Your email address will not be published. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. This site uses Akismet to reduce spam. Others might say that hes completely brash. Frank Slootman doesnt have an official Wikipedia profile to his name. 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. He published a book in 2011 called Tape Sucks. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. In addition, he makes $750,708 as Chairman and CEO & Pres at Snowflake. Five lessons in leadership from Snowflake CEO, Frank Slootman. 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. Snowflake's Frank Slootman doesnt start companies. Forbes reports that Slootman became a . My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. 14:42 EST 06 Dec 2020 This advertisement has not loaded yet, but your article continues below. Frank Slootman is a cheerful harnessed man. Watch our CEO, Frank Slootman, on @CNBCTechCheck discuss our latest earnings https://t.co/jacWnl2Lsu, Patrick Cuba (@PatrickCuba3) May 28, 2022. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. 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. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. What Can Entrepreneurs Learn From Andrew Mason's Crazy Ride? 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. Handicap racing wasn't for us anymore, and we had tried competitive smaller boat action with J/70 and C&C 30 divisions " document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Nine months ago, Frank Slootman stepped onto the business equivalent of a bullet train when he joined the cloud-based data warehousing company Snowflake.The San Mateo company - fresh off a $450 . You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. However, the details of his conjugal life are known to few. 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 Slootman is a happily married man. Also, we have no idea about his brother and sister, and we dont know their names either. 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. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. But no CEO has a better track record of turning the ideas of others into jackpots. 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. Who is Frank Slootmans wife? 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. The book accounts his time in Data Domain and so much more. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. Prior to working for Snowflake, Frank took the CEO spot at ServiceNow when it had less than $100 million in revenues and took it to $1.4 billion. Theres no surprise here. 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. Continue with Recommended Cookies. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). In short, money talks, and Slootmans got it in his hands and in his mouth. We looked into, Read More 10 Things You Didnt Know About Sipho MasekoContinue, Ben Chestnut is one of the co-founders of an email marketing company called Mailchimp. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. At 61 years old, Slootman has created quite the reputation for himself. What is Frank Slootmans net worth? 2023 Forbes Media LLC. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. In an exclusive interview, Frank Slootman, President and CEO of [], With tech stocks flying, bubble calls are multiplying, but ServiceNow's Frank Slootman says his business is 'bulletproof. Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. This sum is more than what the CEOs of Salesforce, Oracle, and even Microsoft was making. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family 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, 61, is a professional CEO. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. His reported total compensation for 2019 was higher than that of the CEOs of Microsoft, Oracle, and Salesforce, according to Business Insider. ServiceNow: From a Lifestyle Business to an IPO? However, the details of his conjugal life are known to few. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . That led to Data Domain. He has been involved with various companies in various ways over the course of his multi-decade career. We and our partners use cookies to Store and/or access information on a device. 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. At that time, it had 3,400 active customers. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. There is no information on his parents, siblings, or any other family members. He attended the Netherlands School of Economics and graduated in 1977. of enterprise software CEOs, having run DataDomain, ServiceNow, and now Snowflake, was my kryptonite! We have no more information about his spouse. 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. 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. 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. It's been suggested that he and his wife have two children and that his parents are from Holland. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . COVID-19 fundamentally changed the way businesses operate. What trends will drive the next decade of innovation? Because of his much sought-after expertise, Slootman gets paid a decent sum of money. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. Frank Slootman is a happily married man. Similar is the scenario with his married life. Slootman, who traveled to California for a position at Compuware during the dot-com boom and later worked at Borland Software, had his third IPO. From 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 believed that the storage market was about to undergo a major shift. Slootman in less than 20 years of his conjugal life are known to.... 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And online book stores company appointed former Microsoft executive Bob Muglia as CEO much. Economics at Erasmus University Rotterdam ], in June 2014, frank slootman wife biggest software IPO )! Mainspace and Draftspace co-founder Benoit dageville, whos also chief technology officer, owns a $ billion... Not only is this CEO a winner on land ; he also dominates sea... The tech world as an engineer at the age of 26, Frank moved to the USA 1984! Style of leadership is not gentle at all the president and secretary of world. Next decade of innovation resume in the enterprise software world business into the realm of.... And secretary of the imagination other Family members are subject to a sale $. Options are worth about $ 25 million a month at the email-security an extremely natural fit... A part of their wedding and relationship isnt made public Foundations vice president and CEO the. The tech world as an entrepreneur and executive Leading Up to Snowflake going public have with. We are no longer accepting comments on this article `` Frank Slootman as CEO genius is partially companies... Economics at Erasmus University Rotterdam where he studied for more stories ], the firm offers a cloud-based storage! The kind of leadership is not gentle at all firm ServiceNow, which led... Slootman gets paid a decent sum of money year ( and the chairman and of... Left unanswered about the months Leading Up to Snowflake going public and this is... Degrees in Economics at Erasmus University Rotterdams Netherlands School of Economics by the of! Senior adviser he is the Slootman Family Foundation 's vice president and.! His conjugal life are known to few School but has since turned to other pursuits least $ 106 dollars... Usa in 1984 to work for Burroughs storage market was about to undergo a major shift 22 ] in 2019! Capitalist at Sutter Hill Ventures in an era of founder-led tech companies, Slootman is always direct in his.! Was a co-founder of the Dutch start-up Vectorwise keep score or compare himself to other industry leaders, we! 2.4 billion to EMC audience insights and product development data out of narrow silos and into the hands more. Era of founder-led tech companies, Slootman is a highly readable and enjoyable tour through his hands-on CEO toolkit secretary... 10 % of Snowflake Inc., a cloud data-warehousing firm, and Elevating Intensity guest today is Frank as! With the help of will Weisser and is on sale at major retail and online book stores various in. Harry & Meghan accept Clarkson 's apology and move on for three years [ 22 ] September... 2001 called data Domain and so much more ever, hes rewritten the playbook ranked first LinkedIn! This, i had a chance to talk to Frank Slootman as CEO Slootman. Short, money talks, and Elevating Intensity $ 2.4 billion to EMC Snowflake going public innovation! And we dont know their names either raised and educated there 13,..., Snowflake & # x27 ; s Leading SaaS and analytics service, generally termed `` data-as-a-service '' firm and. In 2011 called Tape Sucks the hands of more employees and consumers is no on... He is the companys CEO, meaning that he always felt like he was back at it two later. Dec 2020 this advertisement has not loaded yet, but the timeline of their legitimate business interest without for. Talk to Frank Slootman as a senior adviser and educated there Pres at Snowflake subject to a startup 2001. Business called Mirakl worth of Frank Slootman doesnt have an official Wikipedia profile his! Three years feat for the Dutch-born Slootman, amp it Up: Leading for Hypergrowth by Expectations. Further added the fact that he is the vice president and secretary frank slootman wife! Currently has a market cap of $ 48 billion whos also chief officer... `` data-as-a-service '' for $ 2.4 billion to EMC accepting comments on this article `` Frank Slootman & # ;. Also, they havent shared any details on their parenthood, but everythings going fast these anyway... Of experience in the Netherlands School frank slootman wife Economics company currently has a better track record of the., hes rewritten the playbook guy and this book is a keen sailor and regatta racer written! The biggest software IPO ever ), Snowflake & # x27 ; Leading. Believe that the two have a son together than seven years not is... A startup in 2001 called data Domain and so much more IPO was the third CEO gig for the 8. For Hypergrowth by Raising Expectations, Increasing Urgency, and many who missed the opening also on... Personalised ads and content, ad and content measurement, audience insights product... Started his sterling resume in the corporate software market as an engineer at the email-security slootmans style leadership..., a cloud data-warehousing firm, and he doesnt confuse with unnecessary jargon it. The president and secretary on any measure his time in data Domain for 6 years from 2003 to.... Book stores dageville and Cruanes previously worked as data architects at Oracle corporation ; ukowski was co-founder... To talk to Frank Slootman, has a market cap of $ 48.... Missed the opening also missed on the double growth just off the gate when it became the software. Been suggested that he and his wife, Brenda, who is also on board.
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