Snowflake Shares Are Falling After Hours: Here's Why

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.