Snowflake Shares Are Falling After Hours: Here's Why

Benzinga

Snowflake shares slipped in extended trading on Wednesday after the company announced a leadership change, according to Benzinga. Snowflake appointed Brian Robins as CFO, effective September 22nd. He succeeds Mike Scarpelli, who is retiring but will remain temporarily to ensure a smooth transition. Robins will oversee global finance, including planning, treasury, tax, reporting, and investor relations. CEO Sridhar Ramaswamy praised Robins’ operational focus and alignment with Snowflake’s growth strategy. Shares fell 2.76% after-hours to $223, according to Benzinga Pro.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Snowflake shares slipped an extended trading on Wednesday after the company announced a leadership change, according to Benzinga.

00:08Snowflake appointed Brian Robbins as CFO, effective September 22nd.

00:11He succeeds Mike Scarpelli, who is retiring but will remain temporarily to ensure a smooth transition.

00:17Robbins will oversee global finance, including planning, treasury, tax, reporting, and investor relations.

00:23CEO of Sridhar and Robin Swamy praised Robbins' operational focus and alignment with Snowflake's growth strategy.

00:28Shares fell 2.76%, after-hours $223, according to Benzinga Pro.

00:34For all things money, visit Benzinga.com.

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