A week after Bob Muglia suddenly stepped down, new CEO Frank Slootman hired two new execs from his previous employer ServiceNow. And it could be part of an IPO plan.
Two more top Snowflake execs are out, a week after the sudden departure of CEO Bob Muglia.
One analyst echoed speculation that Slootman was hired to lead Snowflake to an IPO, sooner rather than later — something that Muglia didn't seem in a rush to do.A week after Bob Muglia's surprising exit as CEO of Snowflake, two top execs leading the company's legal and HR teams are leaving the $3.5 billion data-storage startup. Snowflake has also brought in two new execs from ServiceNow, the cloud computing company that was previously led by new CEO Frank Slootman.
Rob Specker, who just left his position as general counsel at ServiceNow, is joining Snowflake in the same role. Shelly Begun, who had been senior vice president for human resources at ServiceNow, has joined Snowflake as vice president of HR.Famous exec Bob Muglia is out as CEO of $3.5 billion Snowflake, just weeks after saying an IPO isn't imminent
Muglia's sudden departure sparked speculation that he was forced out — just weeks prior to the announcement, Muglia had told an interviewer that Snowflake had enough funding and was not planning to go public for at least another year or two.
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