Snowflake Appoints Sridhar Ramaswamy as CEO as Frank Slootman Resigns

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American cloud computing firm Snowflake has introduced the appointment of Indian-origin laptop scientist Sridhar Ramaswamy as CEO. The announcement follows information of Frank Slootman’s retirement and Ramaswamy’s takeover. Slootman will, nonetheless, proceed to function chairman of the board. Snowflake’s new CEO joins a big checklist of Indian-origin CEOs main main expertise corporations around the globe, together with Sundar Pichai at Google, Neal Mohan at YouTube, Satya Nadella at Microsoft and lots of others.

Sridhar Ramaswamy turns into CEO of Snowflake

Saying the handover, Slootman mentioned: “There is no such thing as a higher individual than Sridhar to guide Snowflake into this subsequent part of progress and seize the alternatives forward in AI and machine studying. He’s a visionary technologist with a confirmed monitor document of managing and rising profitable companies. I’ve the utmost confidence in Sridhar and sit up for working with him as he takes on this new position.

Earlier than becoming a member of Snowflake, Sridhar Ramaswamy spent 15 years at Google, main its promoting division, after which he was CEO of AI search engine Neeva, an organization he additionally co-founded. The corporate was later acquired by Snowflake, leading to Ramaswamy becoming a member of Snowflake in Could 2023. He led the corporate’s AI technique and led the launch of its new AI service known as Snowflake Cortex.

Following the announcement of his appointment, Ramaswamy mentioned: “I’m honored to have been chosen to guide the corporate into this subsequent chapter of progress. We’ve got an enormous alternative forward to assist all clients leverage AI to drive great enterprise worth. My purpose will probably be to speed up our potential to deliver innovation to our clients and companions.

He turns into CEO of Snowflake at a time when the corporate is dealing with income issues. In keeping with a Bloomberg report, analysts have been forecasting first-quarter income of $769.5 million, which fell to between $745 million and $750 million. It can subsequently be as much as the newly appointed CEO to revitalize the corporate now.

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