But no CEO has a better track record of turning the ideas of others into jackpots. 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. Slootman and his wife, Brenda Crinson Biondo Slootman, a retired graphic designer, have two sons, Collin and Taylor. The estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. He led data-storage firm Data Domain from 2003 until its takeover by EMC Corp. in 2009, then ran cloud-service . [1] In June 2012, ServiceNow became a publicly-traded company as Frank Slootman led the company through a $210 million IPO. by Laura Draper, Head of Content. 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. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. Snowflake's Frank Slootman doesnt start companies. Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. Frank further added the fact that he always felt like he was born in the wrong country. 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 Save my name, email, and website in this browser for the next time I comment. Brenda Lynne Slootman, his wife, is his life partner. Frank Slootman's net worth is 1.6 billion USD. [14] In June 2015, the company raised an additional $45 million and launched its first product, its cloud data warehouse, to the public. Frank Slootman. He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. [2], In May 2019, Frank Slootman joined Snowflake Inc. as its CEO. He has been involved with various companies in various ways over the course of his multi-decade career. He served as the company's CEO for six years. A compensation package he received . Frank Slootman Wife / Married 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. This boat actually won Slootman the 2017 Transpac Honolulu Race in 2017. 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. Forbes reports that Slootman became a . Around six months before Slootman joined the company, Snowflake raised funds in October 2018 at a valuation of around $3.5 billion; the company is now worth nearly $110 billion. In an exclusive interview, Frank Slootman, President and CEO of [], With tech stocks flying, bubble calls are multiplying, but ServiceNow's Frank Slootman says his business is 'bulletproof. He owns 5.9% of Snowflake. This item: Rise of the Data Cloud. By getting data out of narrow silos and into the hands of more employees and consumers. So not only is this CEO a winner on land; he also dominates the sea with his sailboatpretty impressive on any measure. In addition, he makes $750,708 as Chairman and CEO & Pres at Snowflake. ServiceNow became a publicly listed corporation in June 2012, when Frank Slootman guided the firm through a $210 million initial public offering. Given this period of high growth and innovation, Blackstone is well positioned to help entrepreneurs realize their potential and execute . 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. 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. Slootmans eye-watering pay package comes partly as a result of Snowflakes skyrocketing valuation. Snowflake co-founder Benoit Dageville, whos also chief technology officer, owns a $2.73 billion stake. Before that, he spent his life in Netherlands, where he was also born. 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. Save my name, email, and website in this browser for the next time I comment. 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. Your email address will not be published. Who is Frank Slootmans wife? Slootman is going to take Snowflake for quite the ride, and you have to decide whether youre getting in his car or not. Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. Frank has over 25 years of experience in the corporate software market as an entrepreneur and executive. Frank Slootman is a cheerful harnessed man. 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. Reflects change since 5 pm ET of prior trading day. 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. 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. Hes quite knowledgeable in the market industry, and he doesnt confuse with unnecessary jargon. Slootman owns around 10% of Snowflake, including his options. In October 2014, it raised $26 million and came out of stealth mode, being used by 80 organizations. Frank Slootman is a happily married man. 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. This article "Frank Slootman" is from Wikipedia. Its been suggested that he and his wife have two children and that his parents are from Holland. Franks wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. by Frank Slootman Paperback. But you dont achieve a $1.8 billion net worth by being a spendthrift. 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. Instead, hes got something equally as coola sailing boat named The Invisible Hand. 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. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()). Carrie Johnson Pregnancy Rumours And Children Details, Find Magpie Murders PBS Cast, Release Date, Time, And More Details, Who Is Grant Gaumer, 37? Its a positive outlook for Snowflake, and its a bright signal for investors to really pay attention to this company now before its too late. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. In 2011, after the founder of ServiceNow Fred Luddy stepped down, ServiceNow announced appointment of Frank Slootman as CEO. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. [5][6] It allows corporate users to store and analyze data using cloud-based hardware and software. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. Check out the subtleties of his Wikipedia below. 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, CEO of @SnowflakeDB sat down with @CNBC and @Livongo to discuss how to move #AI and #ML from theory into practice. By he earned his bachelor's and master's degrees in economics at Erasmus University Rotterdam's Netherlands School of Economics. Let me explain. By the close of Snowflake's first day . Which was then followed by his association with Compuware and software company Borland. He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. And eventually, his journey led him to Data Domain. Slootman came on board in early May 2019 and started his sterling resume in the enterprise software world. 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. Further, Frank also shed some lights on his early work experience at Burroughs. Mr Slootman owns over 1,651 units of Snowflake stock worth over $23,077,339 and over the last 10 years he sold SNOW stock worth over $82,563,233. Terms & Conditions. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Interested individuals might have seen his name in recent times because his company has raised $200 million in a Series D funding round. Fathers name is Not Available. 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. That led to Data Domain. The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. 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. [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. Copyright 2023 | WordPress Theme by MH Themes, Jerry Sheindlin Net Worth, Salary, Assets, Married, Wife, Children, Family, Age, Height, Facts, Wiki-Bio, Dylan Farrow Husband, Net Worth 2020, Daughter, Parents, Siblings, Book, Wiki, Bio, Marriage, Brother, Husband, Now, Wedding, Weight, What happened to Wanda Ferraton? 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. 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. Brenda Lynne Slootman, his better half, is his soul mate. 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 . In the past Mr. Slootman occupied the position of Chairman at ServiceNow, Inc., Principal at Compuware Corp., General Manager for Ecosystems SRL, Partner .