"Snowflake CEO's Unexpected Departure Sends Stock Plunging"
TL;DR Summary
Snowflake CEO Frank Slootman's retirement led to an 18% stock plunge, but he's not concerned about an employee exodus, emphasizing that the company is not a personal cult. Former Google ad chief Sridhar Ramaswamy is succeeding Slootman, who led Snowflake through its IPO and owns a $2 billion stake. Slootman, who also led ServiceNow to success, remains as chairman and believes Snowflake is in a good place with Ramaswamy at the helm, despite concerns from analysts.
Topics:business#businesstechnology#ceo-retirement#frank-slootman#snowflake#sridhar-ramaswamy#stock-price
- Snowflake's Slootman says he's not worried about employee exodus: 'This is not a personal cult' CNBC
- New Face in the Indian-Origin CEO List! M9
- Snowflake's Frank Slootman to Retire From CEO Role, Will Remain Board Chair Yahoo Finance
- Snowflake’s stock plunges after earnings, with CEO switch a ‘massive surprise’ MarketWatch
- Heard on the Street: Snowflake's CEO Surprise Triggers a Needed Cold Plunge for Its Stock The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
90%
758 → 76 words
Want the full story? Read the original article
Read on CNBC