14:42 EST 06 Dec 2020 The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. Watch our CEO, Frank Slootman, on @CNBCTechCheck discuss our latest earnings https://t.co/jacWnl2Lsu, Patrick Cuba (@PatrickCuba3) May 28, 2022. He also scaled the workplace back tremendously from stunning spaces in San Francisco to headquarters in San Mateo. Slootmans pay package includes in excess of 13.7 million options each with a fixed price of $8.88. Frank Slootman is a cheerful harnessed man. Snowflake Inc. is a cloud computingbased data cloud company based in Bozeman, Montana. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. Powered and implemented by Interactive Data Managed Solutions. 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. By the close of Snowflake's . It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. 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. 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. Also, I helped the company move its software to non-mainframe platforms that started to emerge on UNIX in the late 80s. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. Continue with Recommended Cookies. Your email address will not be published. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. 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. 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 Slootman. I crawled on the shore in this country, literally with 100 bucks in my pockets, and I'm not exaggerating when I say when I say that, he said. However, Baszucki is best-known for being the CEO of Roblox Corporation, which, Read More 10 Things You Didnt Know about David BaszuckiContinue, Erez Galonska is the CEO of Infarm. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Luke Kenton For Dailymail.com Slootman owns around 10% of Snowflake, including his options. Show details. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. How? 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 Please help to demonstrate the notability of the topic by citing, Learn how and when to remove this template message, https://xconomy.com/san-diego/2011/04/26/service-now-names-software-industry-veteran-frank-slootman-as-ceo/, https://www.businessinsider.com/servicenow-frank-slootman-interview-2012-8, https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/amp/, https://www.cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.html, article "Frank Slootman" is from Wikipedia, https://wikitia.com/index.php?title=Frank_Slootman&oldid=81954. 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 almost $95 million each, or about $1.1 billion annually. 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.. Lets talk about it in detail. Given this period of high growth and innovation, Blackstone is well positioned to help entrepreneurs realize their potential and execute . Five lessons in leadership from Snowflake CEO, Frank Slootman. Check out the subtleties of his Wikipedia below. 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. Frank Slootman Net Worth. If you know some information, please comment below. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. Before that, he spent his life in Netherlands, where he was also born. 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. Is it time Harry & Meghan accept Clarkson's apology and move on? Frank Slootmans net worth is 1.6 billion USD. Much like how he runs his companies, Slootman is always direct in his speeches. 15:00 EST 06 Dec 2020. Frank Slootman Wife / Married Snowflake Inc. is doing well by any stretch of the imagination. The Estimated Net worth is $80K USD $85k. 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. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. Interested individuals might have seen his name in recent times because his company has raised $200 million in a Series D funding round. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. Slootman was born in the Netherlands on September 3, 1958. They are in relation from previous few years of a strong relationship. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. 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. There is no information on his parents, siblings, or any other family members. Also, we have no information about his son and daughter. by Frank Slootman Paperback. He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. 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. by Laura Draper, Head of Content. In his spare time, Slootman is a keen sailor and regatta racer. We have no more Information about his Father; we will try to collect information and update soon. 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. His reported total compensation for 2019 was higher than that of the CEOs of Microsoft, Oracle, and Salesforce, according to Business Insider. 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. Slootman knows exactly what hes doing. FORTUNE may receive compensation for some links to products and services on this website. The book accounts his time in Data Domain and so much more. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Including his options, Slootman owns about 10% of Snowflake. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. 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. Between 2011 and 2017, Slootman was Chairman and CEO of ServiceNow - one of the world's leading SaaS . 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. We have no more information about his spouse. Frank Slootman currently serves as Chairman and CEO at Snowflake. 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. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. [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. Snowflake made history in September when it became the largest software company to IPO in US history. 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. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. $14.99. 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. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017. ServiceNow: From a Lifestyle Business to an IPO? 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. All rights reserved. The IPO was the third for Slootman . 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 Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. The mothers name is Not Available. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. Snowflake is Slootmans third IPO. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. The monster pay package is partly a result of Snowflakes surging valuation. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. In his otherwise exceptional book Amp It Up . [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. Frank Slootman is a happily married man. He is a financial tycoon specialist and the president and CEO of Snowflake Inc. by calling. 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. A compensation package he received . We cant say their name. 2022 Fortune Media IP Limited. If you want to know more about this CEO, this might be the book to read. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. After he . It's the biggest software IPO ever", "You're never too old to excel: How Snowflake thrives with 'dinosaur' cofounders and a 60-year-old CEO", "With $26M, Snowflake Computing is hoping its take on data warehousing will hit the mainstream", "This big data startup is as unique as a snowflake", "Big Data Startup Snowflake Raises $45 Million, Launches First Product", "Snowflake Computing raises $100 million to expand cloud data warehouse footprint", "Cloud data warehouse startup Snowflake raises $100 million led by Iconiq", "Snowflake lands massive $263 million investment on unicorn valuation", "With huge new $450M funding round, Snowflake Computing has now raised almost $1 billion", "Snowflake Announces Data Exchange to Break Down Data Barriers", "LinkedIn Top Startups 2019: The 50 hottest U.S. companies to work for now", "After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step", "Snowflake IPO surge makes it the priciest tech stock by a mile", "Snowflake, JFrog IPO: Software stocks soar in market debut", "Snowflake CEO: Doubling of stock price after IPO reflects 'frothy' market", "Snowflake relocates executive office from California to Bozeman, Montana, as company goes distributed", "Snowflake Reports Financial Results for the First Quarter of Fiscal 2022", "Snowflake acquires stake in OpenAP to set up data clean room for advertisers", https://en.wikipedia.org/w/index.php?title=Snowflake_Inc.&oldid=1122784310, This page was last edited on 19 November 2022, at 18:31. Some 36 years later, Slootman is . 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. Frank Slootman's largest purchase order was 1,000,000 units, worth over $8.88M on December 16, 2021. Slootman moved to Silicon Valley in 1997. Snowflake now has Frank Slootman as chairman and CEO. Handicap racing wasn't for us anymore, and we had tried competitive smaller boat action with J/70 and C&C 30 divisions " In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. 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. Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. He served as the company's CEO for six years. , updated FRANK SLOOTMAN is the Chairman and CEO at Snowflake Inc. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. This site uses Akismet to reduce spam. 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. [23], On February 7, 2020, the company raised another $479 million. It has been suggested that he and his other half have two cubs and that his parents are from the Netherlands. But then again, there really is only one Frank Slootman, IPO master in the world. I need to spend the little bit of time I have left over with my family, not sailing. Save my name, email, and website in this browser for the next time I comment. We have no information about his girlfriend/boyfriend. 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. he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. Photo by Christie Hemm Klok/The Forbes Collection. 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. Snowflake presently has Frank Slootman as Chairman and CEO. The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. 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 The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Explore his Wikipedia details below. The estimated net worth of Frank Slootman is at least $72 Million dollars as of 2023-01-14. Nussenbaum has achieved massive success in his business endeavors and he stands as a role model, Read More 10 Things You Didnt Know About Adrien NussenbaumContinue, Sipho Maseko is a South African businessman. Slootman said the companies' AI and machine learning teams often work collaboratively, for example, and that they have a history of announcing integrations at previous re:Invents. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. Forbes reports that Slootman became a . 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. [12], Snowflake Inc. was founded in July 2012 in San Mateo, California by three data warehousing experts: Benot Dageville, Thierry Cruanes and Marcin ukowski. Slootman with wife, Brenda( Source : co) The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary. 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. In addition, he makes $750,708 as Chairman and CEO & Pres at Snowflake. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Slootmans style of leadership is not gentle at all. At that time, it had 3,400 active customers. He has chosen to keep information about his wife or relationships in the public media. But you dont achieve a $1.8 billion net worth by being a spendthrift. $18.59. The billionaire business reportedly keeps a tight lid on his personal life, but he is married to Brenda Lynne Slootman, with the couple said to have at least one child together. Fathers name is Not Available. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). 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. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. However, the details of his conjugal life are known to few. I entered the US in 1984. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. As of now, the stock is trading for [], Want to create an extremely valuable company? Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. 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 . 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