Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. sixteenth, 2020.
CNBC
Snowflake stated Wednesday that CEO Frank Slootman is retiring, and shall be changed by Google advert chief Sridhar Ramaswamy. The shares plunged 20% in prolonged buying and selling.
Ramaswamy spent 15 years at Google, most just lately main Advertisements and Commerce till 2018. He then left to co-found Neeva in 2019, a client search engine he hoped to rival Google till final yr, when he introduced he was shutting it down.
Snowflake acquired Neeva in June for an undisclosed worth.
“There isn’t any higher individual than Sridhar to guide Snowflake into this subsequent section of development and ship on the chance forward in AI and machine studying,” Slootman stated in an announcement. “He’s a visionary technologist with a confirmed monitor file of working and scaling profitable companies.”
That is breaking information. Please examine again for updates.
