#2842

Frederic Luddy

United States 71 years old Self-Made

Overview

Source of Wealth
Software
Industry
Technology
Residence
San Diego, California
Organization
Founder and Chief Product Officer at ServiceNow
Education
Indiana University (Drop Out)
Marital Status
Single
Children
1

Assets

  • ServiceNow
    805,000 shares @ -
    -
    NOW-US

Biography

Fred Luddy, a serial entrepreneur, cofounded enterprise software company ServiceNow in 2004, a few weeks before he turned 50.

At the time, Luddy had just lost a nearly $35 million fortune when his previous employer, Peregrine Systems, filed for bankruptcy.

Advised by Sequoia Capital, Luddy turned down a $2.5 billion acquisition offer for ServiceNow in 2011 and took it public the next year.

Luddy stepped down as CEO in 2011 to serve as chief product officer, a role he held until 2017. He became chairman of the board in 2018.

ServiceNow generated $9 billion in revenue in 2023.