Snow has opened a new chapter in its development. A company that sells 100% cloud-based data warehouses has officially announced that Frank Slootman will replace Bob Muglia as CEO.
Among the heads of a very strong growth company like Snowflake, this change was initially surprising. Bob Muglia (Bob Muglia) is a long-established and well-known former executive in Microsoft’s server and tools division, who put the company on track and positioned it in a booming industry. By affirming a pure cloud dimension technically and economically, Snowflake helped reorganize the historical departments dominated by executives such as IBM, Oracle and Teradata. In the cloud, Snowflake competes with Microsoft Azure (via SQL Datawarehouse), AWS RedShift and even Google BigQuery.
After serving as the head of company operations for 5 years, Bog Muglia enabled Snowflake to change the scale by expanding its presence abroad-the company has been established in France for 2 years-by collecting a large number of reference materials (Kiloutou and Camaïeu in France, for example), And to ensure the growth of turnover. The company stated that in fiscal 2019, its turnover tripled (+257%), as did its global employees.
In terms of financing, Snowflake has raised more than 900 million U.S. dollars in capital, with a valuation of nearly 4 billion U.S. dollars.
If Bob Muglia can install Snowflake commercially and make it well-known in the market, he will also help establish a network of major partners and a stable technical foundation. In particular, he pushed Snowflake, which was originally nested in the cloud component of AWS, to a multi-cloud strategy. Snowflake now runs Microsoft Azure and is working to make its Google Cloud platform also work.
But why should this change? “We are very grateful for Bob Muglia’s contribution to Snowflake. Without him, we would never have been where we are today,” Snowflake European Vice President Thibaut Ceyrolles explained in an email to the editor, and echoed Positive comments made by the company’s board of directors.
The manager added: “Bob gave this product a vision and a marketing strategy, and we are seeing a return today.”
But now, Snowflake has added something else to its roadmap: IPO. “Today, people’s expectations are very high, especially when it comes to IPOs,” Thibaut Ceyrolles explained.
Frank Slotman is here.
Welcome to the era of Frank Slootman
Frank Slootman has an impressive pedigree in this field. Before being appointed to Snowflake, he was the CEO of the high-growth SaaS expert ServiceNow and led him to go public on the stock market. Before reselling to EMC, he also led the Data Domain IPO, serving as CEO and Chairman of the Board of Directors.
“This will help Snowflake run at a very high speed and further build itself. We won’t change because things are bad. On the contrary, it’s because they have to be better,” Thibault Ceyrolles said. He added: “This is a different chapter opened by Snowflakes. We must organize and operate the organization accordingly to move towards this goal in the context of sustained hyper-growth.”
In June next year, Snowflake will organize its first meeting in San Francisco, the Snowflake Summit, and Frank Slootman will have the opportunity to introduce his conquest strategy in detail. To be continued…
#ServiceNows #Frank #Slootman #replaced #Bob #Muglia
More from Source