Snowflake CEO Frank Slootman Steps Down, Succeeded by Sridhar Ramaswamy After Blockbuster IPO and Controversies
• Frank Slootman stepped down from CEO role at Snowflake while staying on as chairman; succeeded by Sridhar Ramaswamy • Known for hard-driving leadership style likened to Elon Musk; saw CEO role as "insanely confrontational" • Led Snowflake through blockbuster IPO after previous successes at Data Domain and ServiceNow • Drew criticism for comments on prioritizing merit over diversity in hiring • Departure led Snowflake shares to drop 18% in one day, their worst ever one-day fall