However, his reign has not been without controversy. Snowflake has grown considerably under his leadership, with annual revenue ballooning from $264.7 million for fiscal 2020 to $2.6 billion for fiscal 2023, which ended on January 31 of this year. Before Snowflake, he took two other tech companies public - ServiceNow in 2012 and Data Domain in 2007.Īs previously reported by Insider, Slootman is known for being hard-driving and politically conservative. At the time, insiders suggested that Snowflake tapped Slootman because of his track record of public market debuts. Slootman joined Snowflake following then-CEO Bob Muglia's sudden departure after five years leading the company. His initial package of nearly 14 million shares of Snowflake vested over four years, according to an offer letter filed with the SEC. Slootman joined Snowflake as CEO in April 2019, ahead of its IPO in September 2020. Insider won't repeat them, as Slootman has rebuffed the notion of his departure. This speculation is so widespread that various anecdotes involving the people involved are being widely shared. "Frank Slootman is not leaving his position as Chairman and CEO of Snowflake," a spokesperson for the company told Insider. Snowflake also denied speculation that Slootman is leaving the company. "I can tell you definitively this rumor is totally inaccurate," McLaughlin told Insider. Two people familiar with the company said they believe that McLaughlin would be the one to step into the CEO role if Slootman departs soon. McLaughlin flat-out denied it. Talk of Slootman's departure from Snowflake started circulating shortly after Mark McLaughlin, the former CEO and chairman of the board of Palo Alto Networks, joined Snowflake's board of directors in April, sources close to the data cloud company told Insider. FUD, or fear-uncertainty-doubt, is a favorite old-school tech acronym. You are regurgitating competitive FUD," Slootman told us in his famously direct, no-nonsense style. Insider heard rumors of Slootman's departure from multiple industry sources, and reached out to ask Slootman if he was leaving soon. Snowflake CEO Frank Slootman tells Insider that ongoing rumors that he could soon step down are completely untrue. But Slootman tells Insider that such rumors are completely false.Rumors that he'll soon leave have been circulating since April, when a major stock package vested and Mark McLaughlin joined the board.Frank Slootman became CEO of data cloud company Snowflake in April 2019.Account icon An icon in the shape of a person's head and shoulders.
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