A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootman’s pay package or net worth.
He hasn’t exercised any of his options and his shares are subject to a lock-up period that ends in March.
The monster pay package is partly a result of Snowflake’s surging valuation. In October 2018, about six months before Slootman joined and negotiated his compensation, the company raised funds at a valuation of about $3.5 billion. It’s now worth $US96 billion.
Chief Financial Officer Michael Scarpelli, who joined a few months after Slootman, has a similar compensation structure. His options are worth about $US25 million a month at the current share price. Snowflake co-founder Benoit Dageville, who’s also chief technology officer, owns a $US2.73 billion stake.
Snowflake is the third CEO gig for the Dutch-born Slootman in less than 20 years. He led data-storage firm Data Domain from 2003 until its takeover by EMC in 2009, then ran cloud-service firm ServiceNow from 2011 to 2017.
Bloomberg
