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"Snowflake CEO's Unexpected Departure Sends Stock Plunging"

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Source: CNBC
"Snowflake CEO's Unexpected Departure Sends Stock Plunging"
Photo: CNBC
TL;DR

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:businessbusinesstechnology#businesstechnology#ceo-retirement#frank-slootman#snowflake#sridhar-ramaswamy#stock-price
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  1. Snowflake's Slootman says he's not worried about employee exodus: 'This is not a personal cult'  CNBC
  2. New Face in the Indian-Origin CEO List!  M9
  3. Snowflake's Frank Slootman to Retire From CEO Role, Will Remain Board Chair  Yahoo Finance
  4. Snowflake’s stock plunges after earnings, with CEO switch a ‘massive surprise’  MarketWatch
  5. Heard on the Street: Snowflake's CEO Surprise Triggers a Needed Cold Plunge for Its Stock  The Wall Street Journal

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