Matt Hicks Becomes Red Hat President and CEO, Succeeding Paul Cormier

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.

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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.

(Source: Fintech News)