Snowflake appoints Sridhar Ramaswamy as CEO as Frank Slootman steps down

American cloud computing corporate Snowflake has introduced the appointment of Indian-origin laptop scientist Sridhar Ramaswamy as Leader Government Officer (CEO). The announcement follows the inside track of Frank Slootman retiring from his place and Ramaswamy taking his position. Slootman, on the other hand, will proceed to function Chairman of the Board. The brand new Snowflake CEO joins an infinite record of Indian-origin CEOs heading most sensible tech corporations around the globe, together with Sundar Pichai at Google, Neal Mohan at YouTube, Satya Nadella at Microsoft and extra.

Sridhar Ramaswamy turns into Snowflake CEO

Pronouncing the handover of the highest place, Slootman stated, “There is not any higher individual than Sridhar to steer Snowflake into this subsequent section of enlargement and ship at the alternative forward in AI and system studying. He’s a visionary technologist with a confirmed observe document of working and scaling a success companies. I’ve the maximum self assurance in Sridhar and sit up for running with him as he assumes this new function.”

Previous to becoming a member of Snowflake, Sridhar Ramaswamy spent 15 years at Google, main its promoting department, following which he served because the CEO of AI seek engine Neeva, an organization he additionally co-founded. The corporate was once then received by means of Snowflake, leading to Ramaswamy becoming a member of Snowflake in Might 2023. He spearheaded the corporate’s AI technique and led the release of its new AI provider known as Snowflake Cortex.

Publish announcement of his appointment, Ramaswamy stated, “I’m commemorated to had been selected to steer the corporate into this subsequent bankruptcy of enlargement. We’ve a huge alternative forward to lend a hand all consumers leverage AI to ship large industry price. My center of attention will likely be on accelerating our skill to convey innovation to our consumers and companions.”

He turns into Snowflake CEO at a time when the corporate is going through income woes. Consistent with a Bloomberg file, analysts had predicted $769.5 million in product income within the first quarter, which fell to between $745 million and $750 million. Thus, it is going to be as much as the newly appointed CEO to reinvigorate the corporate now.

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