Snowflake's Slootman says he's not worried about employee exodus: 'This is not a personal cult'
Publishing timestamp: 2024-02-29 20:44:01
Summary
Snowflake's stock price plunged 18% following the retirement of CEO Frank Slootman, who led the company through its IPO. He is being succeeded by former Google ad chief Sridhar Ramaswamy. Slootman remains as chairman and one of the company's biggest investors. Snowflake faces competition from Databricks and challenges in maintaining its rapid expansion.
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