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"I've literally never met the man," he said. Snowflake's vision is a world with unlimited . I never worked in Holland, but was born, raised and educated there. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. Denise also helped lead Genesys through its expansion to become a successful IPO and acquired company. Out went executives and sales reps who didnt fit Slootmans mold or didnt want to work for new supervisors who did. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company. In came two of his top lieutenants from Data Domain and ServiceNow: Mike Scarpelli to oversee finances and Shelly Begun to run HR. But the question becamehowgreat My eyes are on the horizon., Covering venture capital, cloud and startups. there was an element of restive, people like me have an outsized combative I entered the US in 1984. That push, which Snowflake says would increase its addressable market from $14 billion to a recent $81 billion, is very much a work in progress. I am truly a hybrid Dutch-American. Five lessons in leadership from Snowflake CEO, Frank Slootman - ThoughtSpot However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Speaking publicly about his departure for the first time, Muglia tells Forbes that it took him months to get over the shock. Senada Greca Wiki: Age, Birthday, Husband, Net Worth, Height, Ethnicity, Boyfriend, Biography, Fatima Goss Graves Bio Wikipedia: Husband, Age, Net Worth, Instagram, Children, Birthday. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. People want to be patted on the back and feel good I'm into not feeling good.". So its showing them a really nice path forward. Amp It Up [Book] - O'Reilly Online Learning 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. As ServiceNow's CEO, Slootman established a hard-driving culture embodied by pictures of race cars in the hallways of the office but he knew how to charm the customers, according to Wyss, the former director of product strategy. Frank Slootman - Forbes "Don't go to him for the touchy-feely feelings and advice. Slootman has no qualms breaking with convention. Source of Wealth Software, Self . the board gives me the chairman title or not does not matter. The ever-cocky Slootman relishes the idea of proving the doubters wrong. Frank Slootman is the biggest Snowflake of them all It was hard for me to work in a big company, too slow and rigid, just not inspired. I dont getthat excited, he explains. CTRL + SPACE for auto-complete. He has more than 15 years of management and leadership experience. Amp It Up. Greg has a PhD in Computer Science from Cornell University, an MBA from UC Berkeley, and an undergraduate degree from AGH Krakow, Poland. Biography of Frank Slootman : Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. enters into it, but I try not be a pattern matcher or be confined to my own We were in a shit fight all the time. The company is going to have a great outcome felt it not equitable for customers. And eventually, his journey led him to Data Domain. warrants. In addition to her board responsibilities at Deloitte, she has held a number of governance roles with professional and community organizations. by Laura Draper, Head of Content. What is the appeal of that? Muglia received two days' notice before Slootman was introduced to employees in an all-hands meeting. In a rare interview, the press-shy Speiser discussed the difficult decision to fire Muglia: When you have the potential [to build] one of the game-changing companies of all time, you should take the chance., Just one problem: No one told Muglia until the day the company announced the coup. I'm just a CEO.". Did you still want to challenge yourself at the helm of a company that could do great things? CNBC Snowflake books its revenue using a "consumption model," Slootman said, rather than a typical subscription . sales barrier in less than seven years, adding more than one thousand employees I campaigned our TP52 Invisible Hand for three years. Better modeling and the focus shift to larger accounts also made it easier to guess how users might expand or contract. Snowflake is a special company, they just dont Teresa has been a stabilizing force in the C-suite and boardroom of influential companies across the technology, retail, consumer products, and healthcare industries. It's about 40 miles from Snowflake's San Mateo headquarters and a 3.5-hour drive from Lake Tahoe, where the Slootmans have owned a home. You constantly live with that terminal fear of not doing enough.". Slootman hasn't shied away from embracing his right-leaning tendencies in a liberal-dominant industry. "It had an aggressive tone to it," one former Snowflake executive said. The IPO was the third for Slootman, who moved to California for a job at Compuware in the dot-com boom, then worked at Borland Software. The CEO has plenty of reason to stick around, too, with billions tied up in unvested Snowflake shares. 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 took us from a very large startup and made us into a very large, well-oiled machine, Luddy told Forbes in 2018. Which was then followed by his association with Compuware and software company Borland. In 2019, before the company went public, Slootman made more than $60 million in total compensation. by Frank Slootman. In the past Mr. Slootman occupied the position . Frank Slootman Net Worth, Wiki, Bio, Family, Age, Wife / . When you win, nobody can hurt you. When Covid-19 hit, Snowflake was prepared, having just raised $479 million from investors, including Salesforce, in early February. Released January 2022. Have I told you my point of view on boards? Prior to that, Frank served as President of the Backup Recovery Systems Division at EMC following an 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. The issue was not Do I like the company? The issue was How many shares do I get? he recalls in his Dutch accent. I have no playbooks, I am entirely and a few units in field test. In December, Bloomberg reported that Slootman's stock options were valued at $108 million monthly, thanks to its then market cap of $120 billion. As President and CEO of Arista for over a decade, Jayshree Ullal is responsible for Aristas business and thought leadership in cloud networking. But sailing couldn't keep him occupied for long. I always felt I was born in the wrong country. Everyone, that is, except Slootman. Prior to founding Snowflake, Benoit was with Oracle for over 10 years as a lead architect for parallel execution in Oracle RAC and a key architect in the SQL Manageability group. This story appears in the March 31, 2021 issue of Forbes Magazine. In 2019, Slootman's boat manager, the former Olympic sailor Gavin Brady, was investigated by World Sailing, competitive sailing's governing body on suspicion of concealing modifications he made to another owner's boat. Before being named CFO in 2015, Kramer was Senior Vice President of Business Technology and Operations Finance, partnering with the Development organization across business groups, segments, and operations on strategic long-range planning, budgeting, and forecasting new-offer development, as well as the analysis and strategy of product pricing.