Outgoing Snowflake CEO Bob Muglia image: Interop Events / Flickr

Snowflake, the data warehouse company that raised $450 million in October at a $3.5 billion valuation has announced its longtime CEO Bob Muglia is leaving the company to be replaced by Frank Slootman, the former CEO of ServiceNow who led it between 2011 and 2017. Slootman saw ServiceNow through under $100 million in revenue to $1.4 billion in revenue, as well as a successful IPO.

Prior to ServiceNow, he also served as CEO and Chairman of Data Domain, a company acquired — after an IPO — for $2.4 billion by EMC. Departing CEO Bob Muglia was previously one of the four presidents at Microsoft that directly reported to former CEO Steve Ballmer. He left Microsoft in 2011 and briefly worked for Juniper Networks before accepting the CEO role at Snowflake in 2014.

Frank Slootman image: Snowflake Computing

Snowflake has raised nearly $1 billion in funding since Muglia took over according to Crunchbase data. Investors in Snowflake include Iconiq Capital, Sutter Hill Ventures, Redpoint Ventures, Meritech Capital, Madrona Venture Gorup, Capital One Growth Ventures, Sequoia Capital, and Altimeter Capital.

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