Red Hat Names Matt Hicks President and Chief Executive Officer

Rhea-AI Summary

Red Hat has appointed Matt Hicks as the new president and CEO, succeeding Paul Cormier, who transitions to the role of chairman. Hicks, an experienced leader with a 16-year history at Red Hat, previously served as executive vice president of Products and Technologies. Under his stewardship, Red Hat's hybrid cloud strategy flourished, enhancing their OpenShift platform and expanding service capabilities for AI and edge computing. Cormier has significantly influenced Red Hat's growth and strategy since its acquisition by IBM in 2019, and he continues to work closely with both Hicks and IBM's leadership.

Positive

• Matt Hicks appointed CEO, bringing 16 years of experience at Red Hat.
• Hicks previously led product strategy, driving hybrid cloud expansion.
• Cormier continues as chairman, ensuring continuity in leadership.
• Red Hat's OpenShift platform growth reinforces its industry leadership.

Negative

• None.

Succeeds Paul Cormier who will serve as Red Hat Chairman

RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc., the world's leading provider of open source solutions, today announced that it has named Matt Hicks as its president and chief executive officer. Hicks, who previously served as Red Hat’s executive vice president of Products and Technologies, succeeds Paul Cormier, who will serve as chairman of Red Hat.

Matt Hicks (Photo: Business Wire)

Known as a hands-on leader within Red Hat, Hicks joined the company in 2006 as a developer on the IT team. He quickly rose via leadership positions across the organization, helping Red Hat solidify itself as the open hybrid cloud technology leader. Most notably, Hicks was a foundational member of the engineering team that developed Red Hat OpenShift which has grown into the backbone for hybrid cloud deployments across industries, now serving as the industry’s leading enterprise Kubernetes platform. He has remained at the vanguard of hybrid cloud computing and Red Hat’s product strategy since then.

As executive vice president of Products and Technologies, Hicks was responsible for the entirety of Red Hat’s product strategy and engineering. Notably, under Hicks’ leadership, Red Hat’s open hybrid cloud strategy and portfolio have expanded to help customers build, deploy and manage any application, anywhere, from on-premises environment, to multiple clouds, and to the edge. This includes delivering new managed cloud services that help customers speed the development of cloud-native applications, new capabilities to accelerate AI development, product variants enabling edge use cases and new security approaches that span hybrid cloud environments.

Open source software is the IT industry’s innovation engine. With more than 25 years experience in Linux, a background in computer engineering, industry vision and business acumen, Hicks is well-regarded for his work with customers and partners to solve the next generation of IT challenges with open source innovation.

Cormier, who was named president and CEO in 2020, has a 21-year tenure at Red Hat and during that time he has driven much of the company’s open hybrid cloud strategy, playing an instrumental role in the expansion of Red Hat’s portfolio to a full, modern IT stack based on open source innovation. His efforts to transform Red Hat Linux from a freely downloadable operating system to a subscription model with Red Hat Enterprise Linux (RHEL), was a pivotal moment. His leadership solidified Red Hat as an industry leader and paved the way for the open innovation that is at the heart of the hybrid cloud and modern IT. RHEL is now the industry’s leading enterprise Linux platform, powering more than 90% of Fortune 500 organizations and touching $13 trillion in global business revenues in 2022. With RHEL as the foundation for open hybrid cloud, Red Hat is creating the future of enterprise IT.

Before much of the industry, Cormier championed a vision for open hybrid cloud, giving customers the flexibility to deliver any app, anywhere on any infrastructure from the edge and bare metal to multiple public clouds in a common, more consistent manner. As chairman, he will continue his efforts to help customers bring that vision to life. In his new role, Cormier will serve as Red Hat’s strategic touchstone and key advisor. His focus will continue to be on scaling the company and accelerating customer adoption of open source technology to build their open hybrid cloud architecture. Having led more than 26 acquisitions at Red Hat, Cormier will also work closely with Red Hat leadership on future M&A strategy. Since Red Hat’s acquisition by IBM in 2019, Cormier has been instrumental in scaling and accelerating Red Hat while maintaining the company’s market neutrality. He will continue to work alongside IBM chairman and CEO, Arvind Krishna in this capacity. Both Cormier and Hicks will report to Krishna.

Supporting Quotes
Matt Hicks, president and CEO, Red Hat
“When I first joined Red Hat, I was passionate about open source and our mission, and I wanted to be a part of that. I am humbled and energized to be stepping into this role at this moment. There has never been a more exciting time to be in our industry and the opportunity in front of Red Hat is vast. I’m ready to roll up my sleeves and prove that open source technology truly can unlock the world’s potential.”

Paul Cormier, chairman, Red Hat
“Matt is the exemplification of a true Red Hatter and is absolutely the right person to step into this role. His experience across different parts of our business has given him depth and breadth of knowledge about how we can best work together to scale and remain the open hybrid cloud leader. He understands our product strategy and the direction the industry is moving in a way that’s second to none. As chairman, I’m excited to get to work with our customers, partners, and Matt in new ways. My focus moving forward will be on helping customers drive innovation forward with a hybrid cloud platform built on open source technology. Open source technology has won the innovation debates and whatever the future looks like, it’s going to be built on open source technology and Red Hat will be there.

Arvind Krishna, chairman and CEO, IBM
“Red Hat serves as the foundation of so many clients’ technology strategies because of its open source and hybrid cloud capabilities. Matt’s deep experience and technical knowledge of Red Hat’s entire portfolio makes him the ideal leader as Red Hat continues to grow and to develop innovative, industry leading software.”

Additional Resources

• Read Paul Cormier’s message to Red Hat associates
• Read Matt Hick’s message to Red Hat associates

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About Red Hat, Inc.
Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.

Forward-Looking Statements
Except for the historical information and discussions contained herein, statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the company’s current assumptions regarding future business and financial performance. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially. Any forward-looking statement in this press release speaks only as of the date on which it is made. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements.

Red Hat, Red Hat Enterprise Linux, the Red Hat logo, and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220712006126/en/

Media Contact:

Allison Showalter

(201) 341-3942

ashowalt@redhat.com

Source: Red Hat, Inc.

FAQ

Who is the new CEO of Red Hat as of 2022?

Matt Hicks has been appointed as the new CEO of Red Hat in 2022.

What role does Paul Cormier have at Red Hat now?

Paul Cormier has transitioned to the role of chairman of Red Hat.

What experience does Matt Hicks bring to his new role as CEO of Red Hat?

Matt Hicks has over 16 years of experience at Red Hat, previously serving as executive vice president of Products and Technologies.

How has Red Hat's leadership changed with the new appointment?

With Matt Hicks as CEO and Paul Cormier as chairman, Red Hat maintains consistent leadership focused on hybrid cloud solutions.

How did Paul Cormier impact Red Hat's business before becoming chairman?

Paul Cormier significantly influenced Red Hat's growth and hybrid cloud strategy during his tenure as president and CEO.