Slootman applies this philosophy in the workplace as well. Slootman once again led with sales as a bridge to a better product. Check out the subtleties of his Wikipedia below. Story continues below. Save my name, email, and website in this browser for the next time I comment. We have no more Information about his Father; we will try to collect information and update soon. Although the billionaire businessman is claimed to keep his personal life under wraps, he is married to his wife, Brenda Lynne Slootman, and the two are rumored to be parents to at least one child. Because of their football obsession, he and his wife are raising their 3 young children in brazen, North Korea-style . Slootman was born in The Netherlands and moved to the USA in 1984 to work for Burroughs, then Compuware and software company Borland. 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, chief executive of Snowflake Inc., and published earlier this year. 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. It has been suggested that he and his other half have two cubs and that his parents are from the Netherlands. Slootman previously served as CEO for Data Domain and for ServiceNow, which he both took public. 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. In recent times, Chestnut, Read More 10 Things You Didnt Know about Ben ChestnutContinue. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Slootman has been there and done that before delivering amazing results for the companies that he leads. Frank Slootman's net worth is 1.6 billion USD. At Snowflake Summit last month, I was invited to interview Frank on stage about his book. [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. Frank Slootman, Former CEO of ServiceNow and Data Domain, sits down with Bipul Sinha, CEO and Co-Founder of Rubrik, to discuss why he invested in Rubrik four. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. If you want to know more about this CEO, this might be the book to read. Slootman was born in the Netherlands on September 3, 1958. [13], In June 2014, the company appointed former Microsoft executive Bob Muglia as CEO. [12], Snowflake Inc. was founded in July 2012 in San Mateo, California by three data warehousing experts: Benot Dageville, Thierry Cruanes and Marcin ukowski. Frank Slootman's genius is partially picking companies that have products with an extremely natural product-market fit. Author And Journalist Career In Nutshell, Who Is Kelsey Chittick? You can hire people ahead of . He said he doesnt keep score or compare himself to other industry leaders, but enjoys company-building above all. 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. 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. All Rights Reserved. Forbes reports that Slootman became a . 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. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace. And eventually, his journey led him to Data Domain. He is the president and CEO of Snowflake Inc., a cloud information storage company, and a wealthy financial specialist by calling. The mothers name is Not Available. 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. However, at the age of 26, Frank moved to the USA in 1984 to work for Burroughs. Slootman moved to Silicon Valley in 1997. Frank Slootman Net Worth. What trends will drive the next decade of innovation? [22] In September 2019, it was ranked first on LinkedIn's 2019 U.S. list of Top Startups. 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 estimated Net Worth of Frank Slootman is at least $106 Million dollars as of 8 September 2022. As of now, the stock is trading for [], Want to create an extremely valuable company? ', Frank Slootman the CEO of ServiceNow (NYSE: NOW) has a spring in his step. I have American citizenship, which I treasure greatly, but there is no denying my Dutch roots. He has been involved with various companies in various ways over the course of his multi-decade career. After ServiceNow's creator, Fred Luddy, stepped down in 2011, the company announced the hiring of Frank Slootman as CEO. Wiki-Bio: Son, Wife, Daughter, Net Worth, Family, Sister, What happened to Martha Raddatz? Explore his Wikipedia details below. As reported by Forbes, the company has been raising billion on the ongoing pandemic and its shares are crossing more than $30 billion. Published Apr 13, 2021. Frank Slootman is the CEO of Snowflake, a cloud-based dataset organization he helped build in 2019. Collin Biondo also works in the tech world as an engineer at the email-security . Afterwards, he attended Erasmus University Rotterdam where he studied for more than seven years. 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. Frank Slootman, Chairman and CEO of Snowflake, recently launched a new book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity. 0 likes. Fathers name is Not Available. ServiceNow turned into an openly registered company in June 2012, when Frank Slootman led the company through an initial sale of shares worth $210 million. I entered the US in 1984. The success was because of Slootman and his share on the company is 30% hence making his net worth as of 2020 is 1.8$ billion. [20] In October 2018, it raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion. Snowflake presently has Frank Slootman as Chairman and CEO. Terms & Conditions. He hasnt exercised any of his options and his shares are subject to a lockup period that ends in March. A former executive at Borland, he moved over to a startup in 2001 called Data Domain. This is especially true in the enterprise technology space. He is a financial tycoon specialist and the president and CEO of Snowflake Inc. by calling. $18.59. Is it time Harry & Meghan accept Clarkson's apology and move on? He is the chairman and CEO of Snowflake Inc., a cloud data-warehousing firm, and a rich businessman by profession. Frank has always refrained from talking about them even in his interviews. Slootman knows exactly what he's doing. 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. We are no longer accepting comments on this article. Hes the former [], When it comes to enterprise technology, Frank Slootman has a knack for finding the next big thing. Slootman with wife, Brenda( Source : co) The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary. 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. One of your biggest responsibilities is to stop that incremental attitude in its tracks.". Snowflake Inc. is a cloud computingbased data cloud company based in Bozeman, Montana. Frank Slootman's largest purchase order was 1,000,000 units, worth over $8.88M on December 16, 2021. His options are worth about $25 million a month at the current share price. 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. Frank's wife, Brenda, who is also 61 years old, is the Vice President and Secretary of the Slootman Family Foundation. After ServiceNow creator Fred Luddy ventured out in 2011, the organization announced it had Frank Slootman as CEO. I am truly a hybrid Dutch-American. Two years later, he was back at it again as chairman of enterprise software business ServiceNow, which he guided to a 2012 IPO. After leaving . Frank Slootman is Chairman/CEO at Snowflake Computing Inc. See Frank Slootman's compensation, career history, education, & memberships. All rights reserved. Much like how he runs his companies, Slootman is always direct in his speeches. Slootman claims about 10% of Snowflake, including his picks. In 2003, he became CEO of storage startup Data Domain, taking it public in 2007 and selling it to EMC in 2009 for $1.8 billion. Something that will be used, Read More 10 Things You Didnt Know about Erez GalonskaContinue, Adrien Nussenbaum is an American businessman and entrepreneur. [18][19] In January 2018, the company announced a $263 million financing round at a $1.5 billion valuation, making it a unicorn. It . After the Data Domain acquisition, Slootman spent two years inside EMC as president of the Backup and Recovery Systems Division. 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. He was back at it two years later as chairman of enterprise software firm ServiceNow, which he led to an IPO in 2012. [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 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. The workflow software company relies on a cloud computing platform to function. Frank Slootman (born 1958) is a billionaire businessman, and the chairman and CEO at Snowflake Inc., a cloud data-warehousing company.. Career. 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. Beyond. The good thing is you dont have to actually sit in with Slootman to get his lessons. This article "Frank Slootman" is from Wikipedia. " We wanted to sail on a grand prix platform and compete boat-for-boat, so timing was excellent for the Pac52. Blackstone Group Inc. named Snowflake Inc. Chief Executive Officer Frank Slootman as a senior adviser. He is also on the board of Maplebear, Inc. and Elementum Ltd. (United States). 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? [3][4], The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service". The monster pay package is partly a result of Snowflakes surging valuation. 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 . 10 Things You Didnt Know about Dhruv Saxena, 10 Things You Didnt Know about David Baszucki, 10 Things You Didnt Know about Erez Galonska, 10 Things You Didnt Know About Adrien Nussenbaum, 10 Things You Didnt Know About Sipho Maseko, 10 Things You Didnt Know about Ben Chestnut, How Simone Biles Achieved a Net Worth of $16 Million, How John Madden Achieved a Net Worth of $200 Million, How Kelsey Asbille Achieved a Net Worth Of $3 Million. 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. Olympic Athlete-Leion Gordon Joins BreakAways Training Staff. Frank Slootman currently serves as Chairman and CEO at Snowflake. Frank has been involved in the business programming market for over 25 years as a business visionary and chief. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Frank Slootman Net Worth. By the close of Snowflake's first day . While everything about Snowflake is hot in the market, were left asking who is at the helm of it all. Brenda Lynne Slootman, his better half, is his soul mate. Perhaps thats exactly the kind of leadership that gets a million-dollar business into the realm of billions. Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. A few years ago, Slootman stepped down as ServiceNow's CEO. Snowflake is the extreme version of this; its business model naturally grows with consumption. The Estimated Net worth is $80K USD $85k. We have no more Information about his Father; we will try to collect information and update soon. The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firms performance. Slootman insisted his decision to join Snowflake wasnt motivated by money. He attended the Netherlands School of Economics and graduated in 1977. Snowflake CEO Wikipedia Bio And Net Worth 2022. Snowflake presently has Frank Slootman as Chairman and CEO. [9][10] The company was ranked first on the Forbes Cloud 100 in 2019. Theres no surprise here. From what we have known, Frank Slootman is married to his wife Brenda Lynne Slootman. He has chosen to keep information about his wife or relationships in the public media. 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. With $80 billion Snowflake, the biggest software IPO ever, hes rewritten the playbook. 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