In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. Then there was a secondary offering, with the issuance of 16.1 million shares at $28 a piece. Slootman is a hands-on guy and this book is a highly readable and enjoyable tour through his hands-on CEO toolkit. Frank Slootman doesn't have an official Wikipedia profile to his name. 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. Furthermore, he is the companys CEO, meaning that he is the one responsible for overseeing its operations. 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. 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. Frank further added the fact that he always felt like he was born in the wrong country. Snowflake is Slootmans third IPO. After all, he has experience on his side. He's an operations guru, the leader who turns a jet plane into a . 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. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. The Estimated Net worth is $80K USD $85k. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. Frank Slootman is a happily married man. 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. To learn more about this, I had a chance to talk to Frank Slootman. Slootman claims about 10% of Snowflake, including his picks. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. 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. Frank Slootman, Amp It Up: Leading for Hypergrowth . Frank Slootman currently serves as Chairman and CEO at Snowflake. 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. Before accepting the Snowflake CEO job, Slootman was retired and racing sailboats competitively in the San Francisco Bay Area. by Laura Draper, Head of Content. 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. Frank Slootman, Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. 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. The IPO was the third for Slootman . Slootman received both his undergraduate and graduate degrees from the Erasmus University Rotterdam School of Economics. 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. [9][10] The company was ranked first on the Forbes Cloud 100 in 2019. Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Its now worth $96 billion. "Comments I made during a media interview last week may have led some to infer that I believe that diversity and merit are . Now, his relationship is perfect. Snowflake CEO: Frank Slootman Wikipedia Frank Slootman has no authority Wikipedia profile to his name. Slootman was born in Holland and holds his undergraduate and graduate degrees in economics from the Netherlands School of Economics, Erasmus University Rotterdam.. Slootman joins Instacart's . 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. An example of data being processed may be a unique identifier stored in a cookie. In his new book "Amp it Up," Slootman contends business leaders must "declare war on your competitors and incrementalism."Looked at another way, dream big, hire the right people and get after it. This page was last edited on 12 March 2021, at 18:12. Frank Slootman Wife / Married According to Forbes, Slootmans net-worth as of September 2020 was valued at $1.8 billion, though he told the network is status as a billionaire means very little. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. Frank Slootman, 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. [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]. 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. [9] In June 2019, the company launched Snowflake Data Exchange. , updated How? Others might say that hes completely brash. After ServiceNows creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. According to Bloomberg, Slootman has not yet exercised any of his options and his shares are contingent to a lockup period thats due to expire in March 2021. Slootman may be someone you wouldn't be comfortable sitting face-to-face with, but he's definitely someone you can listen to in a room full of people. 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. Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. Cloud-data warehouse Snowflake has been the talk of the town since it announced its intention of going public. Frank Slootman, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. He became CEO of capacity organization Data Domain in 2003, floated it publicly in 2007 and offered it to EMC for $1.8 billion each of 2009. Steve Jobs didnt even own 1% of Appleeven though he had millions worth in shares. He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. 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. Slootman insisted his decision to join Snowflake wasnt motivated by money. Today, Slootmans net worth shot up to $1.8 billion because of the Snowflake IPO. The monster pay package is partly a result of Snowflakes surging valuation. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. My guest today is Frank Slootman, Chairman and CEO of cloud platform Snowflake. What is Frank Slootmans net worth? Perhaps the biggest one is the one that deals with the CEO replacement just months before the public offering happened. The list of its authors can be seen in its historical. We have no more Information about his Father; we will try to collect information and update soon. Brenda Lynne Slootman, his better half, is his soul mate. 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. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. 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. 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