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Snowflake Shares Plummet Over 20% After Billionaire CEO Frank Slootman Announces Retirement

Slootman joined the company in 2019 and took it public in 2020 with the largest software IPO ever.

Snowflake s Frank Slootman to Retire From CEO Role, Will Remain Board Chair

(Bloomberg) Snowflake Inc. tumbled in late trading after the software maker delivered a disappointing sales forecast and announced that Chief Executive Officer Frank Slootman is stepping down from the role.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldFlawed Valuations Threaten $1.7 Trillion Private Credit BoomThis Is Where New Migrants Are Going When They Reach the USSupreme Court to Weig

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