Form 8-K · Current Report · Filed 2025-02-26
Snowflake CFO Announces Retirement and Consulting Agreement
On February 25, 2025, Michael P. Scarpelli, Chief Financial Officer of Snowflake Inc., announced his intention to retire. He will remain in his role until a successor is appointed and will then transition to a 12-month advisory role under a consulting agreement. The company has initiated a search for his replacement.
- Filer
- Snowflake Inc. SNOW · NYSE
- Filed
- Accession
- 0001640147-25-000017
- CIK
- 0001640147
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$164.20
Next session
+5.8%
Since filing
+78.6%
Latest close
$293.28
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SNOW reporting the same item, with the next session's move:
Exhibits (1)
About Snowflake Inc.
Snowflake Inc. is a cloud-based data-warehousing company that provides businesses with a robust platform for storing, processing, and analyzing large volumes of data with ease and efficiency. With its unique architecture, Snowflake allows organizations to seamlessly connect and manage data across diverse cloud services and platforms, facilitating advanced analytics, machine learning, and data-driven decision-making. Its primary function is to offer businesses a secure and scalable solution for handling complex data workflows, eliminating the need for dedicated hardware, and enabling rapid insights. Snowflake caters heavily to industries like financial services, healthcare, and retail, where real-time data processing and reliable data storage are critical. The company's role in the market is significant as it empowers businesses to leverage big data capabilities without the traditional constraints of infrastructure maintenance or server management. Established in 2012 and headquartered in Bozeman, Montana, Snowflake continues to expand its influence by constantly innovating in the cloud data ecosystem.
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