Matt Hicks Succeeds Paul Cormier as Red Hat’s President and CEOby Fintech News Singapore July 13, 2022
Red Hat, a provider of open source solutions, 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.
Known as a hands-on leader within Red Hat, Hicks joined the company in 2006 as a developer on the IT team.
He 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 enterprise Kubernetes platform.
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.
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.
He will continue to work alongside IBM chairman and CEO, Arvind Krishna in this capacity. Both Cormier and Hicks will report to Krishna.
Matt Hicks, President and CEO, Red Hat said,
“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 energised 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 said,
“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.