Posted 2/29/2024, 12:04:00 AM
Snowflake CEO Steps Down as Growth Slows, Google Veteran Takes Over to Pursue AI
- Snowflake CEO Frank Slootman is stepping down, will remain board chair
- New CEO is Sridhar Ramaswamy, former Google ads chief who joined with Snowflake's Neeva acquisition
- Snowflake forecast disappointing revenue growth for next quarter and full year
- Transition comes as Snowflake looks to tap into AI opportunities with new CEO's experience
- Slootman took Snowflake public in 2020 and oversaw meteoric rise, but growth slowed in 2023