Blackstone Announces Appointment of Frank Slootman, Chairman and CEO of Snowflake, as Senior Advisor
January 13 2021 - 12:00PM
Business Wire
Blackstone (NYSE:BX) today announced the appointment of Frank
Slootman as a Senior Advisor. Mr. Slootman is currently the
Chairman and Chief Executive Officer of Snowflake and is an
entrepreneur with over 25 years of enterprise software industry
experience. He will advise across Blackstone’s businesses, with a
focus on Blackstone Growth (BXG). At Snowflake, which recently
completed an initial public offering, and previously at ServiceNow
and Data Domain, Mr. Slootman has had repeated success creating
fast-growing, market-leading software businesses.
Jon Korngold, Global Head of Blackstone Growth, said: “Frank is
a software industry visionary who has an incredible track record of
building great teams and world-class companies. Given BXG’s focus
on partnering with entrepreneurs to help transform regional
champions into global industry leaders, Frank’s insights will be
invaluable to us and to our portfolio companies.”
Frank Slootman added: “I’m excited to advise Blackstone. Having
run a number of global software companies, I appreciate the scope
of resources that Blackstone can bring to high-growth technology
companies. Given this period of high growth and innovation,
Blackstone is well positioned to help entrepreneurs realize their
potential and execute on their visions.”
Prior to Snowflake, Mr. Slootman spent six years as CEO and
President of ServiceNow, a cloud computing platform for digital
workflows. At ServiceNow, he helped grow the business, advancing
the company through an IPO and increasing its annual revenue to
$1.4 billion. His experience also includes time as President of the
Backup Recovery Systems Division at EMC and as CEO and President of
Data Domain Corporation, where he led the company through its IPO
process. Mr. Slootman was born in Holland and has undergraduate and
graduate degrees in economics from Erasmus University
Rotterdam.
BXG, Blackstone’s global growth equity platform, is focused on
providing capital to companies seeking to minimize the execution
risks associated with high-growth environments. BXG’s recent
investments include Bumble, Oatly, and ISN.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $584 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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version on businesswire.com: https://www.businesswire.com/news/home/20210113005723/en/
Blackstone Matt Anderson 212-390-2472
matthew.anderson@blackstone.com
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