Snowflake Tops Fortune Future 50, the new CFO highlights the leadership of AI

Snowflake, a cloud -based data storage company, takes first place on the list published this morning, followed closely by the data, analysis and data from the IA supplier. The two companies are fueled by the rise of AI in business – their platforms allow organizations to unlock and activate their own data as the basis of artificial intelligence. The first five are the five best Celonis, Datarobot and Astera laboratories.

Since 2017, Fortune established a partnership with the BCG consulting firm to publish the future 50, an annual index of global companies, both private companies on a public scale and supported by a company, with the strongest prospects for long -term and long -term growth. The list highlights the best scorers of “Corporate Vitality”, a measurable and manageable quality which reflects the innate capacity of a company to develop.

Snowflake is not only well positioned for growth, but also the preparation of leadership changes. Earlier this month, the company announced that Brian Robins will become financial director on September 22, succeeding Mike Scarpelli, who retired. Robins has been Gitlab financial director since 2020 and, before that, occupied the roles of financial director in Sissen, Cylance, Alienvault and Verisign, a company listed in Nasdaq.

“Snowflake is at the center of the AI ​​revolution,” Robins said in a statement. “I am delighted to be part of this hyper-growth phase.” He said he was determined to help the business effectively evolve to reach his vision.

Sridhar Ramaswamy, CEO of Snowflake, echoes this feeling: “We are incredibly confident in our next growth chapter, Brian taking the bar as a new financial director.

Robins will be responsible for supporting the momentum of Snowflake. For the quarter which ended on July 31, the company declared a profit of 35 cents per share, almost double the same period last year. Income increased 32% to $ 1.1 billion, exceeding estimates of $ 1.09 billion.

With a new finance chief, an increase in demand for solutions fueled by AI and continuous income growth, Snowflake aims to remain a dominant force. Consult the FUTURE FUTURE 50 FORTURE list here.

Sheryl Estrada
sheryl.estrada@fortune.com

Classification

Joshua Reed was appointed financial director of Alkermes PLC (Nasdaq: Alks), from September 15. Reed provides more than 30 years of experience in financial leadership. More recently, he was a financial director of Omega Therapeutics, a biotechnology company then listed on the stock market. Before that, Reed was the financial director of Aldeyra Therapeutics. Earlier in his career, he spent more than a decade in Bristol Myers Squibb, culminating in his role as vice-president and chief of financial operations for the United States and Puerto Rico.

Travis T. ThomasCFO of Ring Energy, Inc. (Nyse American: Rei), resigned immediately to pursue other opportunities. According to the announcement of the company, his resignation was not the result of a disagreement between the energy of the ring and Thomas concerning financial, operational, political or governance issues. Rocky Kwon, currently vice-president of accounting, assistant controller and treasurer, has been appointed interim financial director. The company began to seek a permanent replacement.

Severe

The confidence of the Americans in the responsible use of AI improved since Gallup began to measure the subject in 2023, according to a new report published. This year, around a third (31%) of the Americans interviewed said they trusted companies to use AI in responsibility – 3% said “a lot” and 28% said “somewhat”. In 2023, only 21% expressed confidence in the use of AI companies by companies.

However, skepticism remains. Forty -one percent of respondents this year said that they did not trust companies much when it comes to using AI in a responsible manner, while 28% said they did not trust them.

The results come from the latest Bentley University-Gallup Business In Society survey, based on the 3,007 American adult responses in an online survey.

According to Gallup, the challenge to which companies face when they deploy AI is clear: “They must not only demonstrate the advantages of technology, but also show, through transparent practices, that they will not be at the expense of workers or the confidence of the wider public.”

Go further

“An unconscious coupling: CFO Business Partnering 2025” is a data report based on a survey of 240 American heads of sales, marketing, HR, IT, R&D departments and departments concerning their relations with the financial directors. Although the financial teams have transformed into a strategic business partners, almost all business leaders (97%) still consider the main role of their finance chief as “borderline expenditure”.

Heard

“In the same way that each company has become a technological business, I think each company will become an AI company.”

– Robinhood CEO Vlad Tenev told David Rubenstein last week during an interview on Bloomberg wealth.