Sridhar Ramaswamy Named Chief Executive Officer Of Snowflake; Frank Slootman Remains Chairman Of The Board
Portfolio Pulse from Benzinga Newsdesk
Snowflake (NYSE:SNOW) announced the retirement of CEO Frank Slootman and the appointment of Sridhar Ramaswamy as the new CEO. Ramaswamy, previously Senior VP of AI at Snowflake and co-founder of Neeva, will focus on accelerating Snowflake's AI strategy and innovation. Slootman will continue as Chairman of the Board.
February 28, 2024 | 9:14 pm
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Snowflake appoints Sridhar Ramaswamy as CEO, focusing on AI and machine learning to drive growth. Frank Slootman transitions to Chairman of the Board.
Leadership changes in major tech companies often lead to positive market reactions, especially when the new leader has a strong background and a clear focus on growth areas like AI and machine learning. Ramaswamy's experience and vision for Snowflake could boost investor confidence and drive short-term stock price growth.
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