As mentioned earlier, we pushed some hiring into Q4 but still expect to hire more than 1,200 employees in fiscal year 2022. In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. At 61 years old, Slootman has created quite the reputation for himself. He's an operations guru, the leader who turns a jet plane into a . Slootman is the president and chief executive officer of ServiceNow, the enterprise IT cloud company, and is expected to help Medallia build on the stunning momentum it has experienced in the last 18 months. Frank Slootman, the new CEO of the cloud data warehouse vendor Snowflake says he was hired to scale Snowflake aggressively into the enterprise market, replacing legacy and 'first generation cloud' data warehouse solutions and bringing new analytical possibilities to those clients. Leadership. View full bio. And he tells @emilychangtv other CEOs agree with . As a reminder, we will be hosting our summit conference in-person in June. Verified account Protected Tweets @; Suggested users 152 Ratings. "We're actually highly sympathetic to diversity but we just don't want that to override merit. This reality is that corporate leaders like myself, and companies like Snowflake, must fight daily to ensure that diversity, equity and inclusion help lead our thinking, and our actions.". Frank Slootman, Amp It Up! [+] bell at the New York Stock Exchange. 5. ServiceNow CEO Frank Slootman calls it the "everything-as-a-service revolution". For the full year fiscal 2022, we expect product revenues between $1.126 . (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman apologized to those he said he may have hurt when he suggested during a Bloomberg Television interview that diversity should be secondary to merit in hiring, and acknowledged that people aren't treated equally in the workplace."Comments I made during a media interview last week may have led some to infer that I believe . MSFT. Slootman, in his statement Monday, said corporate leaders "must fight daily" on behalf of diversity, equity and inclusion. Antonio Neri. Sadly, racism, discrimination and prejudice are still common in our society. 2 people found this review helpful. . If I start doing that, I start compromising . Behind closed doors, this tech company CEO said Silicon Valley bigwigs aren't really checking to increase the number of Black or other non-white employees. In this conversation. Snowflake Stock: Solid . Frank Slootman, the chief executive officer of cloud software provider Snowflake Inc, has said the company needs to put a greater emphasis on merit when hiring and promoting, rather than focusing on diversity goals. Slootman, who was born and educated in Holland, was previously the CEO of Data Domain, the data backup company founded in 2001 with backing from Greylock Partners. CEO's who say that Diversity should not override Merit in the hiring process, like Frank Slootman (Snowflake) in this Bloomberg interview, are spreading the wrong [] SHARE. Slow responses, lack of self starter mentality, passing the buck down the line - it pops up more often as the company scales. Tech Hiring Commitment. He's a Dutchman Slootman moved to Silicon Valley in 1997. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. Snowflake CEO Frank Slootman recently suggested diversity came second to merit in the hiring process, and his comments came against the growing push for corporate America to reflect the country's . "His depth of experience . Tech companies may spout diversity goals, but it's just talk, according to Frank Slootman, CEO of cloud computing data warehousing company Snowflake. (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers. He also shares his thoughts on the push for diversity . If I start doing that, I start compromising the company's mission literally," In the interview with Bloomberg Television, Slootman . Continue reading. profit-driven ethos that doesn't pay lip service to things like diversity and social . Data warehouse startup Snowflake raised $479 million in a new round of funding, bringing the company's valuation to a whopping $12.4 billion.. Frank is the CEO and Chair of Snowflake, one of the most respected and accomplished CEOs in enterprise tech, very seasoned, best known name for taking large start-ups, incubating engines to well-oiled operations, scaled operations, building large go-to-market teams, building large . The business has to constantly revolt against the red tape that plagues large organizations. Diversity Commitment. In a recent interview with Bloomberg Technology, Snowflake CEO Frank Slootman stated that diversity shouldn't "override" merit in hiring decisions and argued that considering diversity as a legitimate factor in making decisions is not in a company's best interest. Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers. . "While diversity, equity and inclusion has long been a focus for Snowflake . In July 2017, two years before he took over as the chief executive of Snowflake, Frank Slootman raced 2,225 miles across the Pacific Ocean, from the California coast to the Hawaiian island of Oahu, on Invisible Hand, his sleek 52-foot sailboat made from carbon fiber and 3D-printed titanium. It checks the box on diversity, with 3/10 (30%) being female, which is generally . When he was CEO of ServiceNow, Slootman led the company to $1.4 billion in sales - up from $100 million - in the six-year span between 2011-2017. Following the lead of other tech companies, ServiceNow started publishing an annual diversity report and implemented efforts to put more women in leadership, declaring "diversity, inclusion, and . In an era of founder-led tech companies, Snowflake's Frank Slootman is a corporate throwback. How Diversity Expands Merit. SNOW. (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman apologized to those he said he may have hurt when he suggested during a Bloomberg Television interview that diversity should be secondary to merit in hiring, and acknowledged that people aren't treated equally in the workplace. (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers."We're actually highly sympathetic to diversity but we just don't want that to override merit. Compiled by Jordan Erb. Eight years later . Tips/comments? Jun.03 Snowflake CEO Frank Slootman discusses the company's growth throughout the pandemic and the pressure that comes with success. CEO's who say that Diversity should not override Merit in the hiring process, like Frank Slootman (Snowflake) in this Bloomberg interview, are spreading the wrong message. (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even. Eyebrows were raised. Snowflake announced a council to examine the company's "diversity, equity, and inclusion practices" and make progress "through innovative new ideas from across the entire organization." Slootman said his company -- 2020's biggest U.S. public offering -- is under greater pressure to perform because of its initial success on the . Slootman, 61, is a professional CEO. "We are very pleased that Frank is joining our board of directors," said Borge Hald, the CEO of Medallia. When Slootman took ServiceNow public in 2012, he rang the NYSE bell in person. Full article here. Snowflake Inc. (NYSE:NYSE:SNOW) Q4 2021 Results Earnings Conference Call March 3, 2021, 5:00 PM ET Company Participants Jimmy Sexton - Head, Investor Relations Frank Slootman - Chairman and. (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers."We're actually highly sympathetic to diversity but we just don't want that to override merit. New investors Dragoneer Investment Group and Salesforce Ventures 1 co-led the round, which comes along with a new partnership with Salesforce.. Snowflake CEO Frank Slootman said in an interview with Crunchbase News . The associated expenses will largely be incurred in every Q2 moving forward. I got the chance to speak to Slootman from the company's annual Knowledge user event in Las Vegas this . This reality is that corporate leaders like myself, and companies like Snowflake, must fight daily to ensure that diversity, equity and inclusion help lead our thinking, and our actions.". Last week, Snowflake CEO Frank Slootman went on Bloomberg Television to endorse a "moderated" approach to diversity that doesn't "override merit" or reflect a climate of "hysteria" and "outrage." "From my own experience talking to many CEOs, all the names that you know, privately, we are of the same mind," he added. Principle at Invisible Hand Ventures Former CEO ServiceNow and Data Domain. Amping It Up. He was also on the board of Palo Alto-based Medallia . . Snowflake CEO Frank Slootman made headlines with controversial comments about diversity in the workplace. CEO's who say that Diversity should not override Merit in the hiring process, like Frank Slootman (Snowflake) in this Bloomberg interview, are spreading the wrong message. Slootman's successor at ServiceNow, John Donahoe, quickly made diversity a priority, hiring Pat Wadors from LinkedIn as chief talent officer. Helping to train, hire and promote more technology workers. Slootman has reached nearly mythic status in Silicon Valley as he continues to captain the ship at one of the industry's most prominent success stories of the past decade. Slootman said diversity comes second when making. He said that. Slootman, in his statement Monday, said corporate leaders "must fight daily" on behalf of diversity, equity and inclusion. Along the way, some feelings will get hurt. How Frank Slootman, CEO of Snowflake, recently told Bloomberg that the company's focus should be on "merit" rather than achieving diversity goals; How the scientific data shows us that an organization that has a diverse workforce paired with greater cultural competence performs better than their peers; F rank Slootman's path to the American Dream, via IPO billions, started with his making Naugahyde seats for the automotive and boating industries. See what VCs had to say. Diversity shouldn't "override" merit in hiring decisions, says Snowflake CEO Frank Slootman. (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman apologized to those he said he may have hurt when he suggested during a Bloomberg Television interview that diversity should be secondary to merit in hiring, and acknowledged that people aren't treated equally in the workplace."Comments I made during a media interview last week may have led some to infer that I believe . In a recent interview with Bloomberg Technology, Snowflake CEO Frank Slootman stated that diversity shouldn't "override" merit in hiring decisions and argued that considering diversity as a legitimate factor in making decisions is not in a company's best interest. Frank Slootman. And he tells @emilychangtv other CEOs agree with . Passengers By Frank. Those that excel are able to navigate it. "All individuals don't have the same opportunities, be it in the . Slootman set off a storm of criticism when he told Bloomberg that a more "moderated" approach is needed to ensure diversity doesn't override merit in hiring and promoting employees. Snowflake CEO Frank Slootman walks back remarks on diversity, merit Snowflake CEO Frank Slootman Photo: Snowflake After telling Bloomberg TV that he can't allow a push for diversity in tech to "override merit," Snowflake CEO Frank Slootman released a statement Monday apologizing for a "lack of clarity" in those comments. Hans De Leenheer 2 comments. VCs weigh in on Snowflake CEO Frank Slootman's diversity and hiring comments. Slootman, 61, is a professional CEO. "We're actually highly sympathetic to diversity but we just don't want that to override merit. Frank Slootman Chairman and CEO at Snowflake Bozeman, Montana, United States500+ connections Join to follow Snowflake Erasmus University Rotterdam Articles by Frank Drivers vs. "While diversity, equity and inclusion has long been a focus for Snowflake . In a June 2021 interview for Bloomberg, Snowflake CEO, Frank Slootman gave his opinion for merit vs diversity: "We're actually highly sympathetic to diversity but we just don't want that to override merit. Our companies were built and run for performance, full stop. They discuss the legacies they hope to build with the . CEO Frank Slootman (second row, fourth from left) and the Snowflake team virtually rang the opening . If I start doing that, I start compromising . It took on another $450 million, this time at a $4 billion valuation, about nine months later. And he could be on to something, given that ServiceNow was the second pure play cloud company to hit the $1 billion annual revenues mark (after Salesforce). Sadly, racism, discrimination and prejudice are still common in our society. Snowflake Inc. (NYSE:NYSE:SNOW) Q3 2022 Earnings Conference Call Dec 01, 2021 05:00 PM ET Company Participants Jimmy Sexton - Head, IR Frank Slootman - Chairman and CEO Michael Scarpelli -. Snowflake Inc. Chief Executive Officer Frank Slootman apologized to those he said he may have hurt when he suggested during a Bloomberg Television interview that diversity should be secondary to. Story continues below This advertisement has not loaded yet, but your article continues below. Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes . The industry's top VCs jumped in after an interview in which Slootman said he doesn't want diversity to "override merit" (though he has since walked back the comments). Save. CEO Frank Slootman is reportedly reaping the benefits of the company's success and is collecting a staggering monthly pay out of $95 million, Forbes reported. Slootman may be one of the highest-paid tech CEOs in the US, but he defies nearly every stereotype in an industry where air-hockey tables fill conference rooms and companies are rushing to hire. Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers. 10. Wing, an early-stage, Palo Alto, Calif.-based venture firm that was formed in 2013 by veteran VCs Peter Wagner and Gaurav Garg, has closed its third fund, with $450 million in capital commitments. Click to share on Facebook (Opens in new window) Click to share on LinkedIn (Opens in new window) Even more so when people realized Frank Slootman was taking Muglia's place. When Snowflake went public in the largest . Maintain entry-level hiring and career development programs to give people career starts. Hans De Leenheer 2 comments. "All individuals don't have the same opportunities, be it in the . NYSE. He's an operations guru, the leader who turns a jet plane into a rocketship and makes piles of cash for investors, employees, and himself. How Diversity Expands Merit. Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes. In celebration of this International Women's Day, I'm stepping out of my comfort zone and sharing the strategy that's helped 3Pillar reach true diversity amongst its leadership ranks. Slootman joined Santa Clara, CA . He believes we need a more 'moderated' approach to diversity and 'there's really no room for the hysteria and outrage'. Instacart said on Thursday cloud-based data warehouse firm Snowflake's (SNOW.N) chief executive officer, Frank Slootman, has joined the board of the U.S. grocery delivery company that is preparing . (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman apologized to those he said he may have hurt when he suggested during a Bloomberg Television interview that diversity should be secondary to merit in hiring, and acknowledged that people aren't treated equally in the workplace. Save. It wasn't long before top VCs weighed in. At Cloud 100, we heard what the new guard of tech increasingly wants as told through the stories of four CEOs: Stephen Curry, CEO of SC30, Inc. and athlete for the Golden State Warriors, Eric Yuan, CEO of Zoom, Frank Slootman, CEO of Snowflake, and Jennifer Tejada, CEO of PagerDuty. For the best . Entre 2011 y 2017, Slootman fue presidente de la junta directiva y director ejecutivo de ServiceNow -uno de los principales proveedores de Software como un Servicio (ScuS) del mundo-, al cual . If I start doing that, I start compromising . Frank Slootman mentions that other CEOs he knows have the. Slootman is known for being a legendary CEO and a kind of IPO soothsayer. A compensation package he received . Slootman left ServiceNow in 2017 and is on the board of two other Valley companies Mountain View-based Pure Storage Inc. and Elementum SCM. "We're actually highly sympathetic to diversity but we just don't want . We were singleminded in our pursuit of goals, and drove our people to become the best version of themselves. For the full year fiscal 2023, we expect . Has programs that support a diverse and inclusive workforce. By the close of Snowflake's first day of trading, its stock had shot up as much as 165%. Hello, everyone, welcome to this session for the next 20 minutes, with one of my favorite CEOs, Frank Slootman. With a wonderful CEO in Frank Slootman running the show and a share price closing in on Berkshire Hathaway's price of admission, I remain incredibly bullish on SNOW stock. Frank Slootman and his team have brought their magic touch to one of the hottest stocks in tech, Snowflake. While most CEO's would be described as the person who would take their company to the moon, Slootman has been referred to as the person who would take his company to Mars. Diversity is, at best, a secondary goal. Diversity shouldn't "override" merit in hiring decisions, says Snowflake CEO Frank Slootman. Subscribe to the Crunchbase Daily. AMZN. June 7, 2021 After telling Bloomberg TV that he can't allow a push for diversity in tech to "override merit," Snowflake CEO Frank Slootman released a statement Monday apologizing for a "lack of clarity" in those comments. First Job Programs. (Bloomberg) -- Snowflake Inc. Chief Executive Officer Frank Slootman said the cloud software maker needs to focus more on merit when hiring and promoting employees rather than diversity goals, even as it takes steps to boost opportunities for workers."We're actually highly sympathetic to diversity but we just don't want that to override merit. Chief Executive Officer of Hewlett Packard Enterprise - the global edge-to-cloud platform as-a-service company - responsible for the development and delivery of enterprise technology solutions and services that help organizations accelerate outcomes by unlocking value from all of their data, everywhere. 5.0 . Born in the Netherlands to a military veteran and.