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News on Medial
Former Microsoft executive Vijayant Rai joins Snowflake as new India MD
Inc42
·
1y ago
Medial
Vijayant Rai, former executive director at Microsoft India, has been appointed as the new managing director for India at Snowflake, a data cloud company. In his new role, Rai will be responsible for driving business growth and the go-to-market strategy for Snowflake in the country. Prior to joining Snowflake, Rai served as the country leader for the BFSI industry segment at Microsoft India. With his vast sales experience, Rai will oversee strategy, sales, and execution, and drive the adoption of Snowflake's data cloud across various industries in India.
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Data cloud firm Snowflake names ex-Microsoft executive Vijayant Rai as new India MD
Economic Times
·
1y ago
Medial
Data cloud firm Snowflake has appointed Vijayant Rai, an ex-Microsoft executive, as its new Managing Director for India. Rai will be responsible for driving the company's growth strategy in the country and expanding its customer base. Snowflake, a cloud-based data platform, aims to help organizations unlock the full potential of their data, enabling faster and more informed decision-making.
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A&M India hires former McKinsey, Accenture execs to strengthen top deck
VCCircle
·
7m ago
Medial
Alvarez & Marsal (A&M) has hired two senior executives to strengthen its energy and resources practice in India. The professional services and turnaround firm appointed Kunwar Vijayant Singh, a former partner at McKinsey & Company, and Ranajit Sahu, a former executive at Accenture. A&M has been focused on enhancing its leadership teams in various verticals.
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Former Oura CEO Harpreet Singh Rai joins Loop as President of Healthcare
Entrackr
·
1m ago
Medial
Former Oura CEO Harpreet Singh Rai joins Loop as President of Healthcare Mumbai-based health and insurance startup Loop has appointed Harpreet Singh Rai as President, Healthcare. Harpreet is the former CEO of Oura, a global health-tracking wearable brand. He was also an early investor in Loop. Harpreet will lead Loop’s healthcare product development. He will work with the company’s medical, product, and engineering teams to improve user experience and help people manage their health better. During his time at Oura (2018–2021), Harpreet helped launch two new versions of the Oura Ring and sold over a million units. Before Oura, he spent nine years managing healthcare and tech portfolios at Eminence Capital and started his career at Morgan Stanley. Harpreet said Loop’s approach to accessible and measurable healthcare stood out to him and he looks forward to making a difference for working Indians. Loop currently serves over 850,000 employees at over 1,200 companies through its combined insurance and primary care model.
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Meet IITian Sridhar Ramaswamy, the newest CEO of US-based Snowflake
IndianStartupNews
·
1y ago
Medial
Frank Slootman has stepped down as CEO of data cloud company Snowflake, with Sridhar Ramaswamy taking over the role. Ramaswamy, an AI expert and former Google executive, joined Snowflake in May 2023 and led the launch of Snowflake Cortex, a managed service for AI. Slootman will continue to serve as Chairman of the Board. Snowflake's Data Cloud platform allows organizations to consolidate and analyze their data, while ensuring privacy and security. Ramaswamy's focus will be on accelerating innovation and helping customers leverage AI to drive business value.
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Sam Altman Joins Microsoft
The Verge
·
1y ago
Medial
Former OpenAI CEO Sam Altman, dismissed by the board due to a lack of confidence, is now joining Microsoft's new advanced AI research team alongside co-founder Greg Brockman. Despite negotiations for Altman's return to OpenAI failing, Microsoft CEO Satya Nadella announced their appointments, expressing excitement about the new AI team. OpenAI's interim CEO, Emmett Shear, replaces Mira Murati. Altman had negotiated to return as CEO, but OpenAI's board remained unchanged, prompting his move to Microsoft.
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The tech CEO who quietly built a bigger fortune than Tim Cook
Business Insider
·
1y ago
Medial
Frank Slootman, the former CEO of Snowflake, has a net worth of $3.7 billion, surpassing industry giants Tim Cook of Apple and Satya Nadella of Microsoft. Slootman's wealth was achieved through his leadership roles at Snowflake, ServiceNow Inc., and Data Domain. He led Snowflake through a highly successful IPO in 2020, raising $3.4 billion. Known for his outspoken and profit-driven approach, Slootman has been described as part of Silicon Valley's conservative wing. He recently apologized for comments regarding diversity in hiring and promotion but will continue as Snowflake's chairman of the board while Sridhar Ramaswamy assumes the role of CEO.
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New Snowflake Chief Sridhar Ramaswamy Joins List Of Global India-Born CEOs
Inc42
·
1y ago
Medial
Sridhar Ramaswamy has been appointed as the CEO of Snowflake, a data cloud company. He takes over from Frank Slootman, who will continue to serve as chairman of the board. Ramaswamy previously held the position of senior vice president of AI at Snowflake and was instrumental in spearheading the company's AI strategy. Prior to Snowflake, Ramaswamy co-founded Neeva, an AI-powered search engine. Snowflake aims to help organizations efficiently utilize their data through its data cloud platform. Ramaswamy's appointment reflects the growing influence of Indian-origin executives in global corporations.
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Manoj Kumar Jhawar takes additional charge as Mishra ceases to be PTC CMD
Livemint
·
1y ago
Medial
The board of PTC India Ltd has appointed Manoj Kumar Jhawar as the chairman and managing director of the company until a regular CMD is appointed. This decision comes after Rajib Kumar Mishra was barred by market regulator Sebi from holding any position on the board or management of any listed company for six months due to alleged corporate misgovernance. Sebi also penalized Mishra and another former executive of PTC India Financial Services (PFS). The investigation found that the former MD of PFS had misused his position to prevent the appointment of a key executive approved by the board.
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Snowflake's Frank Slootman vehemently denied a BI report in June that he may be leaving. Now he's gone and the stock is down 20%.
Business Insider
·
1y ago
Medial
Snowflake CEO Frank Slootman has announced his retirement, effective immediately. In June, Slootman denied rumors of retirement, calling them "completely untrue." His replacement will be Sridhar Ramaswamy, a former Google ad executive. Following the announcement, Snowflake's stock dropped more than 20% in after-hours trading.
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PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board
Inc42
·
1y ago
Medial
PayU Payments, a digital payments major backed by Prosus, has made five new appointments to strengthen its board. Renu Sud Karnad, former MD of HDFC, joins as an independent director and chairperson. Other appointments include Gopika Pant and Jairaj Purandare as independent directors, Laurent Le Moal, former global CEO of PayU Group, as a non-executive and non-independent director, and Jan Bune as a non-executive and non-independent director. The board members will provide strategic counsel to guide PayU Payment in its next phase of growth. PayU Payments offers payment gateway solutions to online businesses and is preparing for a $500 million IPO.
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