Snowflake Announces CEO Transition
$Snowflake(SNOW.US$ Frank Slootman retires as Snowflake's CEO; remains Chairman.
Sridhar Ramaswamy appointed as new CEO and Board member.
Ramaswamy was Snowflake's Senior VP of AI, previously founded Neeva.
Transition comes as Snowflake focuses on AI and machine learning growth.
Slootman praises Ramaswamy as a "visionary technologist".
Ramaswamy aims to accelerate innovation for customers and partners.
Led Google's Advertising products growth from $1.5 billion to over $100 billion.
Snowflake stock plunges 20% following the announcement.
Sridhar Ramaswamy appointed as new CEO and Board member.
Ramaswamy was Snowflake's Senior VP of AI, previously founded Neeva.
Transition comes as Snowflake focuses on AI and machine learning growth.
Slootman praises Ramaswamy as a "visionary technologist".
Ramaswamy aims to accelerate innovation for customers and partners.
Led Google's Advertising products growth from $1.5 billion to over $100 billion.
Snowflake stock plunges 20% following the announcement.
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