Frank Slootman

Last updated
Frank Slootman
Frank Slootman Snowflake.jpg
Born1958 (age 6566)
Netherlands
Education Erasmus University Rotterdam
OccupationBusinessperson
Employer Snowflake
TitleChairman of the board
Website LinkedIn

Frank Slootman (born 1958) [1] is a businessman and author [2] known for growing companies founded by others. [3] [4] Slootman has taken three companies through an initial public offering. [3]

Contents

Early life and education

Slootman was born in the Netherlands and earned a degree in economics at Erasmus University Rotterdam. [3] He did market research for tire company Uniroyal, before earning a doctorate in General Business Administration from the same university. [5] After graduating, Slootman moved to the United States in 1982. [3]

Career

Slootman's first management position was at Compuware in 1995. [3]

His first CEO position was at Data Domain in 2003. [3] During his time at Data Domain, the company raised funding to avoid bankruptcy and increased revenue for the next four years. [3] He left Data Domain in 2009 as part of EMC's acquisition of the company. [6] He was CEO of the company when it went public in 2007. [3]

He was appointed CEO of ServiceNow in 2011, then led its initial public offering the next year. [7] He also converted ServiceNow from a help-desk provider to a broader IT services business. [3]

Slootman was appointed CEO of Snowflake on April 26, 2019. [3] Slootman prepared the company for an initial public offering during the COVID-19 pandemic. [3] Slootman held a 5.9% interest in the company during the IPO. [8]

In 2022, Slootman published a book called Amp it Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency and Elevating Intensity. [2]

On February 28, 2024, Snowflake announced that Slootman was retiring and Sridhar Ramaswamy would be replacing him as CEO. He would remain Chairman of the Board. [9]

Books

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References

  1. Liesse, Dominque (September 15, 2020). "Frank Slootman, ou le "maestro" des IPO" [Frank Slootman, or the "maestro" of IPOs]. L'Echo (in French).
  2. 1 2 Vellante, Dave (July 17, 2022). "Amping it up with Snowflake CEO Frank Slootman". SiliconANGLE. Retrieved May 6, 2023.
  3. 1 2 3 4 5 6 7 8 9 10 11 Konrad, Alex (February 1, 2021). "The Outsider: How CEO-For-Hire Frank Slootman Turned Snowflake Into Software's Biggest-Ever IPO". Forbes. Retrieved May 5, 2023.
  4. Thomas, Ellen (26 June 2023). "Insiders keep saying that Snowflake CEO Frank Slootman could soon step down but Slootman says he's not leaving". Business Insider. Retrieved 20 January 2024.
  5. "Meet Frank Slootman". Michigan Outlook. 1983.
  6. "Snowflake CEO collects a $95 million payout every month". Fortune. December 4, 2020. Retrieved May 6, 2023.
  7. Kawamoto, Dawn (January 31, 2020). "How the CEO of this closely watched unicorn squeezes performance out of his day". bizjournals.com. Retrieved May 6, 2023.
  8. Warren, Katie (March 9, 2021). "How Snowflake CEO Frank Slootman became a billionaire by ripping up the 'nice guy' Silicon Valley playbook". Business Insider. Retrieved May 5, 2023.
  9. Vanian, Jonathan (2024-02-28). "Snowflake says Frank Slootman is retiring as CEO, stock plunges more than 20%". CNBC. Retrieved 2024-03-01.