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Snowflake appoints Frank Slootman as chief executive

The cloud-based data management startup Snowflake has appointed Frank Slootman, a former chief executive of ServiceNow, as its new CEO and chairman.

Slootman takes the reins of the Silicon Valley firm from Bob Muglia who had led the company for five years and through a $450m funding round in October.

The new chief executive ran ServiceNow from 2011 to 2017, managing an IPO and then a $2.4bn sale to EMC, and will be tasked with taking on Snowflake’s hyperscale cloud rivals, Microsoft Azure and Amazon Web Services.

“Snowflake is one of the most significant new companies in Silicon Valley and we believe Frank is the right leader at this juncture to fully realise that potential,” said Snowflake director Mike Speiser.

“The best time to make a change is when things are going well.  We’re thrilled to have Frank take the helm at Snowflake. We also wish to recognise the incredible role Bob Muglia has played over the past five years to get us to this point.”

Frank Slootman added: “There is a lot of software running in the cloud but very little of it fully exploits its scale, performance, elasticity and economics.   Snowflake does, and it is poised to become the leading data platform of the cloud era.”