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]
Frank Slootman | |
|---|---|
 | |
| Born | 1958 (age 65–66) Netherlands |
| Education | Erasmus University Rotterdam |
| Occupation | Businessperson |
| Employer | Snowflake |
| Title | Chairman of the board |
| Website | |
Early life and education
editSlootman 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
editSlootman'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
edit- Slootman, Frank (2022-01-19). Amp It Up. John Wiley & Sons. ISBN 978-1-119-83611-7.
- Slootman, Frank (May 13, 2011). TAPE SUCKS: Inside Data Domain, A Silicon Valley Growth Story. ISBN 978-0-615-48406-8.
- Slootman, Frank; Hamm, Steve (December 4, 2020). Rise of the Data Cloud. ISBN 978-1728363608.
References
edit- ^ Liesse, Dominque (September 15, 2020). "Frank Slootman, ou le "maestro" des IPO" [Frank Slootman, or the "maestro" of IPOs]. L'Echo (in French).
- ^ a b Vellante, Dave (July 17, 2022). "Amping it up with Snowflake CEO Frank Slootman". SiliconANGLE. Retrieved May 6, 2023.
- ^ a b c d e f g h i j k 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.
- ^ 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.
- ^ "Meet Frank Slootman". Michigan Outlook. 1983.
- ^ "Snowflake CEO collects a $95 million payout every month". Fortune. December 4, 2020. Retrieved May 6, 2023.
- ^ 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.
- ^ 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.
- ^ Vanian, Jonathan (2024-02-28). "Snowflake says Frank Slootman is retiring as CEO, stock plunges more than 20%". CNBC. Retrieved 2024-03-01.