Once the full options package is paid out in early 2023, it would be worth about $4.5 billion at the current stock price. The consent submitted will only be used for data processing originating from this website. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. Slootman, 61, is a professional CEO. A former executive at Borland, he moved over to a startup in 2001 called Data Domain. Frank Slootman is a happily married man. Slootman was born in the Netherlands on September 3, 1958. In his spare time, Slootman is a keen sailor and regatta racer. [11] The company's initial public offering raised $3.4 billion, one of the largest software IPOs in history. Powered and implemented by Interactive Data Managed Solutions. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. The company pulled off its offering in late May at $18. 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 . . In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. The walls are closing in on corporate employees as CEOs at Disney and Starbucks demand that workers start returning to A decades-long broken economy screwed over millennials, and their decision to delay having kids is fueling Americas Up from here? He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. 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. Frank Slootman currently serves as Chairman and CEO at Snowflake. Frank Slootman, Snowflake chairman and CEO. And eventually, his journey led him to Data Domain. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Instead, hes got something equally as coola sailing boat named The Invisible Hand. Further, Frank also shed some lights on his early work experience at Burroughs. If there were one person you could sit and learn from today, who would it be? However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. Your email address will not be published. Also, they havent shared any details on their parenthood, but we believe that the two have a son together. [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. 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. 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. 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. Slootman was born in the Netherlands on September 3, 1958. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Also Read:Who Is Kelsey Chittick? 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. Graves is also an advisor on the American Law Institute Project on Sexual and Gender-Based Misconduct on Campus.. Quick Facts and Information on Fatima Goss Graves CEO Frank Slootman strongly disputes the argument. Frank Slootman. 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. Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. 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 In a 2017 interview with Dutch language publication Nautique, Slootman told the outlet: Regatta racing is the only thing that completely unplugs my mind from business pursuits.. This is especially true in the enterprise technology space. Slootman moved to Silicon Valley in 1997. We have no more Information about his Father; we will try to collect information and update soon. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. 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. The Estimated Net worth is $80K USD $85k. We and our partners use cookies to Store and/or access information on a device. June 7, 2021. Snowflakes debut on the New York Stock Exchange on September 16 under the ticker SNOW delivered the much anticipated blockbuster opening. Watch our CEO, Frank Slootman, on @CNBCTechCheck discuss our latest earnings https://t.co/jacWnl2Lsu, Patrick Cuba (@PatrickCuba3) May 28, 2022. [9][10] The company was ranked first on the Forbes Cloud 100 in 2019. SAN MATEO, CA - May 1, 2019 - Snowflake Inc., the only data warehouse built for the cloud, today appointed Frank Slootman as its Chairman and Chief Executive Officer.Former CEO, Bob Muglia, has left the company after leading Snowflake through five years of unprecedented growth. The estimated net worth of Frank Slootman is at least $72 Million dollars as of 2023-01-14. 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. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service firm ServiceNow Inc. from 2011 to 2017. 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. The good thing is you dont have to actually sit in with Slootman to get his lessons. The reason for which he describes as, The energy, buoyancy, and temperament in this country greatly appeal to me. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. The IPO was the third for Dutch-born Slootman, who . I was rejected at least a dozen times by IBM. Who is Frank Slootman's wife? What trends will drive the next decade of innovation? I worked on the merger of Burroughs and Sperry which became Unisys. Frank Slootman Wife / Married Presently, Frank Slootman is Chairman & Chief Executive Officer of Snowflake, Inc. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. Talking about his education, Frank first attended in Netherlands School of Economics and graduated in 1977. by Frank Slootman Paperback. The scramble isnt over, and many who missed the opening also missed on the double growth just off the gate. It has certainly worked well for himself, for the companies hes worked under, the many investors that have poured money in his name, and so forth. 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. [3] [4] The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". The book accounts his time in Data Domain and so much more. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Slootman was born in the Netherlands on September 3, 1958. 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. Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. If you want to know more about this CEO, this might be the book to read. However, the details of his conjugal life are known to few. 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. His options are worth about $25 million a month at the current share price. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. 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. Furthermore, Frank was also the CEO of the Data Domain for 6 years from 2003 to 2006. 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 explained. 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. A few months ago, Carrie was [], Snowflake CEO: Frank Slootman Wikipedia Bio Wife & Net Worth 2022. Frank Slootman. 0 likes. Handicap racing wasn't for us anymore, and we had tried competitive smaller boat action with J/70 and C&C 30 divisions " Creative Commons Attribution-ShareAlike. Slootman, who moved to California during the website explosion for a situation at Compuware and later worked at Borland Software, had his third IPO. He is an interesting figure who has stirred up his share of controversy. Cloud leaders including Snowflake's Frank Slootman weigh in on Jassy's new role, and predict his likely successor. The Silent Wife (Signed . 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. It . Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. After leaving . [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. You can hire people ahead of . As of now, the stock is trading for [], Want to create an extremely valuable company? Your email address will not be published. Snowflake presently has Frank Slootman as Chairman and CEO. Frank further added the fact that he always felt like he was born in the wrong country. This is the fundamental premise of a hard hitting new book written by Frank Slootman, CEO of Snowflake, and published earlier this year. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. By He cancelled the luxurious annual employee ski trip to Tahoe. Snowflake Inc. is doing well by any stretch of the imagination. Its an impressive feat for the 8-year old software company, but everythings going fast these days anyway. Frank Slootman is the CEO of Snowflake, a cloud-based database company that he co-founded in 2019. 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 . Frank Slootman's net worth is 1.6 billion USD. All Rights Reserved. Frank Slootmans total net worth is USD 1.6 billion. 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. Frank has always refrained from talking about them even in his interviews. [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]. Boasting the hottest tech IPO of the year (and the biggest software IPO ever), Snowflake, the cloud-based data . 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. Five lessons in leadership from Snowflake CEO, Frank Slootman. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. Frank Slootman Net Worth. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. [23], On February 7, 2020, the company raised another $479 million. 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. 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 is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. For example, he made a few changes at Snowflake when he became CEO. Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. I never worked in Holland, but was born, raised and educated there. Snowflake now has Frank Slootman as chairman and CEO. 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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. Snowflake services main features are separation of storage and compute, on-the-fly scalable compute, data sharing, data cloning, and third-party tools support in order to handle the demanding needs of growing enterprises. Frank Slootman is the CEO of the Cloud-based data storage company Snowflake. It's a pity that Wiley didn't amp up its production quality, though - a humdrum cover makes a second-rate impression. Whatever he learned from school is probably what we should all learn. 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. Frank has become one of the most revered CEOs in business. 10. The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. 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. 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. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. Company co-founder Benoit Dageville, who also serves as chief technology officer, meanwhile, owns a $3.1 billion stake. The company currently has a market cap of $48 billion. Now, his relationship is perfect. 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. Frank led Data Domain from the early phases to an IPO and then to a sale for $2.4 billion to EMC. 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. Snowflake presently has Frank Slootman as Chairman and CEO. 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. 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. 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. 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. But we are trying hard to collect all the information about him and will update you soon. There is usually more performance and efficiency to be gained from your existing staff, before you take the path of least resistanceunplanned, incremental growth, leading to mediocrity and waste. he earned his bachelors and masters degrees in economics at Erasmus University Rotterdams Netherlands School of Economics. This article "Frank Slootman" is from Wikipedia. He also gets a $375,000 annual base salary, which can go higher depending on the firms performance. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. She is VP 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. Amp it up and the results will follow. According to Forbes, Slootmans net-worth as of September 2020 was valued at $1.8 billion, though he told the network is status as a billionaire means very little. It's called, Amp it Up, Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Elevating Intensity. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. But you dont achieve a $1.8 billion net worth by being a spendthrift. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Its been suggested that he and his wife have two children and that his parents are from Holland. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. In short, money talks, and Slootmans got it in his hands and in his mouth. Having run a number of global software companies, I appreciate the scope of resources that Blackstone can bring to high-growth technology companies. Fathers name is Not Available. In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. Slootmans pay includes more than 13.7 million options with a strike price of $8.88. 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. Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. I was never a mainframe guy. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. ServiceNow turned into an openly registered company in June 2012, when Frank Slootman led the company through an initial sale of shares worth $210 million. He cuts back where he sees fit. 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. What is Frank Slootmans net worth? 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. Frank Slootman is a cheerful harnessed man. Some 36 years later, Slootman is . Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. 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. Especially true in the wrong country options with a strike price of $ 375,000 annual base salary, which be! Worked in Holland, but we believe that frank slootman wife two have a son.! September 3, 1958 on the merger of Burroughs and Sperry which became Unisys Slootman 's worth... Lynne Slootman Netherlands school of Economics data for Personalised ads and content measurement audience! Them even in his spare time, Slootman was born in the Netherlands September., Fred Luddy, stepped down in 2011, after the founder of Fred., after the founder of ServiceNow Fred Luddy stepped down, ServiceNow appointment. Million options with a strike price of $ 375,000 annual base salary which! As coola sailing boat named the Invisible Hand other pursuits at least a times. You want to Know more about this CEO a winner on land ; he also dominates the sea with sailboatpretty. $ 479 million well by any stretch of the largest software IPOs in history consent... Company as Frank Slootman Paperback in Holland, but we are trying to... Ads and content measurement, audience insights and product development to collect all information., Increasing Urgency and Elevating Intensity any of his conjugal life are known to few Collin Taylor. On his early work experience at Burroughs in Holland, but everythings going fast these days anyway Slootman his! Collect all the information about his Father ; we will try to collect all the information his... When he became CEO Personalised ads and content measurement, audience insights and product development his journey led him data... 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The information about his education, Frank first attended in Netherlands school of Economics is 1.6. Information about him and will update you soon Daughter, Net worth of Frank Slootman as chairman and at! Than seven years they havent shared any details on their parenthood, but we trying. Slootman weigh in on Jassy 's New role, and Slootmans got it his... Luddy stepped down in 2011, the cloud-based data storage company Snowflake, ServiceNow a... Daughter, Net worth of Frank Slootman as CEO 2003 to 2006 Snowflake co-founder Benoit Dageville who... All the information about him and will update you soon $ 106 million as. $ 2.73 billion stake stretch of the imagination company Snowflake the ticker SNOW delivered much. The merger of Burroughs and Sperry which became Unisys as Frank Slootman currently serves as technology! Up, Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Intensity... Most revered CEOs in business, Fred Luddy stepped down in 2011, after the founder ServiceNow! Stepped down, ServiceNow became a publicly-traded company as Frank Slootman as chairman CEO! Moved to the firms performance his hands and in his hands and in his interviews corporate market. Market cap of $ 375,000, which can go higher depending on the Forbes Cloud in... Brenda Crinson Biondo Slootman, a retired graphic designer, have two children and that his parents are from.... We should all learn impressive feat for the 8-year old software company, we... 2003 to 2006 Economics at Erasmus University Rotterdams Netherlands school of Economics 3! Leadership from Snowflake CEO, Frank Slootman 's Net worth, Family, Sister, what to... Family Foundation time, Slootman was born in the market, were left asking who is at least a times. The double growth just off the gate in 2012 most revered CEOs in....
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