Who Is Frank Slootman? Facts To Know About The Snowflake CEO

Snowflake’s CEO Frank Slootman ( Source : Cnbc )

The 2019 co-founder of the cloud-based database firm Snowflake, Frank Slootman, serves as its CEO.

The rest of the procedure had been handled with the same brutal efficiency by Frank Slootman, who took over Snowflake in April 2019.

After only six months, he had secured his key backers, including Marc Benioff's Salesforce and Dragoneer Investment Group. At the same time, he started scheduling meetings with research analysts, who would ultimately establish positive prices for the IPO.

Additionally, Salesforce and other companies were present to support the floor when Slootman and his team virtually rung the bell of the New York Stock Exchange, an awkward-looking operation that raised about $3.4 billion.

Who Is Frank Slootman? Wikipedia Bio Update 

Although Frank Slootman doesn't have an official Wikipedia page, information on his professional history may be accessed on a number of media websites.

Making Naugahyde seats for the automobile and boating sectors was Frank Slootman's first step on the path to the American Dream, which led to the IPO billions.

Slootman, who was raised in the Netherlands by a military veteran and a portrait artist, had a structured upbringing that stressed academic excellence and competitive sailing dinghies.

In the past two decades, Slootman has held the position of CEO for two other businesses
In the past two decades, Slootman has held the position of CEO for two other businesses ( Source : Dailymail )

Slootman, a brilliant economics student at Erasmus University Rotterdam, graduated from college a year early to pursue internships abroad. IBM was his ideal company.

After procuring multiple rejections from Big Blue, he "crawled ashore with $100 in his pocket" in South Bend, Indiana, in 1982, when he was given a position as an intern in the ostensibly hopeless fake-leather sector.

In the midst of the dot-com boom in 1998, Slootman was in charge of Compuware's California office.

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What Is Frank Slootman Net Worth As Snowflake CEO

For someone who has never been a part of a firm in its infancy, his estimated personal net worth of $2.2 billion is astounding, as per Forbes.

When Slootman took aboard, Snowflake was valued at $4 billion. That first day, it more than doubled, and it has since increased dramatically. With trailing sales of about $580 million, it currently has a market value of $81 billion. 

On September 16, 2020, Snowflake announced plans to go public, making it the largest software IPO in history with an offering of 28 million shares for $3.4 billion.

In contrast, he is a billionaire businessman who works as the chairman and CEO of Snowflake Inc. ServiceNow announced the appointment of Frank Slootman as CEO in 2011 following the resignation of founder Fred Luddy.

Prior to joining Snowflake, Slootman held the position of CEO for two additional businesses during the past 20 years, including the cloud-service provider ServiceNow Inc. from 2011 to 2017.

Additionally, the data-storage company Data Domain, which operated from 1999 until its acquisition by EMC Corp. in 2003, was also the firm where he held the position of CEO.

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About Frank Slootman Wife And Family

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.

Slootman with wife, Brenda
Slootman with wife, Brenda ( Source : Dailymail )

The 63-year-old Brenda serves as the Slootman Family Foundation's vice president and secretary.

As of the time of writing, no other information about his family or parents is known.

Although his mother is stated to be a portrait artist and his father had served in the military, according to Forbes,