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Frank Slootman did it again. Now it’s succession time. Slootman is leaving his CEO role at Snowflake while remaining chairman, as surprised investors learned in an earnings call this week ...
He is the chief executive officer of cloud-based data-warehousing company Snowflake Inc. since February 2024. He was the cofounder and CEO of the startup company Neeva, an ad-free, privacy-focused search engine, until it was acquired by Snowflake. [1] [2] He previously led Google’s $115 billion advertising division. [1] [3]
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]
In January 2018, the company raised $263 million at a $1.5 billion valuation, making it a unicorn. [31] In October 2018, Snowflake raised $450 million in a round led by Sequoia Capital, at a $3.5 billion valuation. [3] [32] On February 7, 2020, the company raised $479 million. At that time, it had 3,400 active customers. [33]
Snowflake and many other tech companies use stock-based compensation heavily, and that often gets backed out of adjusted earnings numbers and even cash flow. But by doing so, it can give investors ...
Snowflake has also made headlines recently for rumored potential acquisitions, including a $1 billion deal for AI model developer Reka AI that has supposedly hit the skids.
Bob Muglia (born 1959) is an American business executive and research and development specialist. [1] He was formerly the Chief Executive Officer of Snowflake Computing, a data warehousing startup. Muglia is known for managing divisions at Microsoft that supported the Microsoft Office Suite, Windows Server and MSN Network product families. [1]
Deal-making Snowflake CEO Frank Slootman says business is no laughing matter. If you want to get ahead, you must crush rivals. Snowflake CEO: Why you must 'declare war on your competitors' [Video]