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in Tech

Snowflake says Frank Slootman is retiring as CEO; stock plunges 20%

by Editor February 28, 2024, 9:51 pm 1.2k Views

Frank Slootman, CEO of Snowflake, on the day of the company’s initial public offering on Sept. 16, 2020.

CNBC

Snowflake said Wednesday that CEO Frank Slootman, 65, is retiring, and will be replaced by former Google ad chief Sridhar Ramaswamy. The shares plunged 20% in extended trading.

Ramaswamy, 57, spent 15 years at Google, most recently leading Ads and Commerce until 2018. He then left to co-found Neeva in 2019, a consumer search engine he

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