BOZEMAN, Mont. - Snowflake Inc . (NYSE: NYSE:SNOW), a prominent data cloud company, announced the appointment of Sridhar Ramaswamy as its new Chief Executive Officer. Ramaswamy, who previously served as Snowflake's Senior Vice President of AI, will also join the company's Board of Directors effective immediately. Frank Slootman, the outgoing CEO, will maintain his role as Chairman of the Board.
Ramaswamy has been instrumental in Snowflake's artificial intelligence strategy, including the launch of Snowflake Cortex, a managed service designed to simplify and secure AI use for business value acceleration. His tenure at Snowflake began in May 2023 following the acquisition of Neeva, the AI-powered private search engine he co-founded in 2019.
Before his time at Snowflake, Ramaswamy was a key figure at Google (NASDAQ:GOOGL), where he oversaw the tech giant's advertising products, contributing to the growth of the company's ad business from $1.5 billion to over $100 billion. His career also includes positions at Bell Labs, Lucent Technologies, and Bell Communications Research, as well as a venture partner role at Greylock Partners.
Snowflake, known for its cloud data platform, supports enterprises with secure, scalable, and cost-effective data solutions and AI tools. The company boasts a broad customer base, including 691 of the Forbes Global 2000 companies as of January 31, 2024.
Slootman expressed confidence in Ramaswamy's ability to guide Snowflake through its next growth phase, particularly in AI and machine learning. Ramaswamy himself is committed to driving innovation and delivering business value through AI for Snowflake's customers and partners.
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