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. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. [30], On October 17, 2022, the company announced an investment in advanced TV advertising firm OpenAP. 0 likes. The workflow software company relies on a cloud computing platform to function. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. . 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. He is a millionaire businessman and the chairman and CEO of Snowflake Inc. by profession. 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. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Frank explained. 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. In his spare time, Slootman is a keen sailor and regatta racer. CEO Frank Slootman strongly disputes the argument. Frank Slootman. Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. Snowflake Inc. is a cloud computing -based data cloud company based in Bozeman, Montana. But then again, there really is only one Frank Slootman, IPO master in the world. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. Company shares jumped just over 14 percent on Friday to $387. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. By the close of Snowflake's first day . Frank Slootman is currently a married man. 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. About. He's an operations guru, the leader who turns a jet plane into a . 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. Required fields are marked *. Five lessons in leadership from Snowflake CEO, Frank Slootman. In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. $18.59. 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. The book . Published Apr 13, 2021. Brenda Lynne Slootman, his better half, is his soul mate. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootmans pay package or net worth. We cant say their name. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. [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]. All rights reserved. I campaigned our TP52 Invisible Hand for three years. Two years later, he was back at it as director of large corporate programming company ServiceNow, which prompted an IPO in 2012. , updated [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. Wikitia is not affiliated to Wikimedia Foundation. 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. of enterprise software CEOs, having run DataDomain, ServiceNow, and now Snowflake, was my kryptonite! Slootman with wife, Brenda( Source : co) The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary. 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. He later told Blocks and Files in 2019: Sailing is in ones blood. All Rights Reserved. The Estimated Net worth is $80K USD $85k. His options are worth about $25 million a month at the current share price. Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Frank Slootman is the Director of ServiceNow Inc and owns about 95,076 shares of ServiceNow Inc (NOW) stock worth over $39 Million.Frank Slootman is also the CEO and Chairman of Snowflake Inc and owns about 232,325 shares of Snowflake Inc (SNOW) stock worth over $33 Million. 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. In addition, he makes $750,708 as Chairman and CEO & Pres at Snowflake. Offers may be subject to change without notice. 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. 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. Slootman may be someone you wouldnt be comfortable sitting face-to-face with, but hes definitely someone you can listen to in a room full of people. Snowflake presently has Frank Slootman as Chairman and CEO. 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. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). [9][10] The company was ranked first on the Forbes Cloud 100 in 2019. 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. 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. Now, his relationship is perfect. 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 has been there and done that before delivering amazing results for the companies that he leads. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Snowflake plans to create a fully integrated data stack to help senior executives and their teams develop innovative solutions to fast-changing business demands. Lets talk about it in detail. This article "Frank Slootman" is from Wikipedia. Todays companies all want to achieve exponential growth and according to Frank Slootman, author of a new book for business leaders, every organization has the potential to scale to massive heights. Visit the Business section of Insider for more stories. 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. [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. [7] It runs on Amazon S3 since 2014,[3] on Microsoft Azure since 2018[8] and on the Google Cloud Platform since 2019. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Luke Kenton For Dailymail.com Frank Slootman doesnt have an official Wikipedia profile to his name. by Laura Draper, Head of Content. The list of its authors can be seen in its historical. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. Its now worth $96 billion. Given his accolades, Slootman gets invited to speak at many events. He has been involved with various companies in various ways over the course of his multi-decade career. 14:42 EST 06 Dec 2020 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. A compensation package he received . 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. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. 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 vast majority can already be exercised but the underlying shares vest monthly over four years, beginning with the month he started. They are in relation from previous few years of a strong relationship. As of now, the stock is trading for [], Want to create an extremely valuable company? He is an interesting figure who has stirred up his share of controversy. Snowflake Inc. is doing well by any stretch of the imagination. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. Your email address will not be published. Frank Slootman. Now the 3x IPO veteran is exclusively sharing his playbook. After he . If there were one person you could sit and learn from today, who would it be? Snowflake presently has Frank Slootman as Chairman and CEO. Snowflake petitioned for an IPO on September 16, 2020, offering 28 million offers for $3.4 billion, making it the largest IPO ever for programming. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. 2023 Forbes Media LLC. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth technology companies. Beyond. 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. He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. The company pulled off its offering in late May at $18. $14.99. The good thing is you dont have to actually sit in with Slootman to get his lessons. 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. This is probably the biggest understatement of the year. 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. [15][16][17] It raised another $100 million in April 2017. 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. 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. While some in Silicon Valley warn of a backlash, Slootman's main concern is winning. Save my name, email, and website in this browser for the next time I comment. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. Manage Settings Jax the Staffy is rescued after being stuck in a cave for two days, Eight people shot at Martin Luther King Day event in Florida, Kamala opts out of kneeling with Biden for Warriors photo op. Blackstone's multi-billion-dollar investment windfall on dating app Bumble shows that the world's largest private equity firm is sitting on a goldmine of winning buyout deals. Slootman is a hands-on guy and this book is a highly readable and enjoyable tour through his hands-on CEO toolkit. A compensation package he received upon joining Snowflake in April 2019 reportedly awards him a selection of options every month for four years that are now worth more than $108 million each, or about $1.3 billion annually, according to Bloomberg. You are trying to hang on for the full 8 seconds, but some of us don't make it all the way. The couple has been married for many years now, but the timeline of their wedding and relationship isnt made public. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. All Rights Reserved. Brenda Lynne Slootman, his wife, is his life partner. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. For example, he made a few changes at Snowflake when he became CEO. I entered the US in 1984. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . It's been suggested that he and his wife have two children and that his parents are from Holland. By the close of Snowflake's . At 61 years old, Slootman has created quite the reputation for himself. We have no more Information about his Father; we will try to collect information and update soon. Frank Slootman is a happily married man. 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. Slootman insisted his decision to join Snowflake wasnt motivated by money. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Frank Slootman's largest sale order was 1,017,582 units , worth over $344.13M on December 16, 2021. The book accounts his time in Data Domain and so much more. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. The Silent Wife (Signed . Is it time Harry & Meghan accept Clarkson's apology and move on? I will return to it at some point.. 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