RALEIGH, N.C. - (Business Wire) Red Hat (NYSE:RHT), the world
’s leading provider of open source solutions, today announced improvements in organizational alignment intended to speed decision making and foster collaboration as the company continues its focus on rapid growth. Two of Red Hat's top priorities are scaling the business and expanding its international footprint to better serve enterprise customers. Red Hat executives are building teams to support these objectives.
Paul Cormier has been Executive Vice President of Engineering at Red Hat since joining in 2001 and was a key team member responsible for Red Hat's shift from a retail boxed product company to an enterprise subscription company. Cormier will now be responsible for all aspects of Red Hat's product business and development. This will include worldwide responsibility for product marketing, engineering, QA and support. As a reflection of this role, Cormier is now Executive Vice President and President, Products and Technologies.
Charlie Peters joined Red Hat in 2004 as Executive Vice President and Chief Financial Officer. Over the years Peters has led efforts to add efficiency to processes to help scale the business. Peters, who was originally responsible for finance, is now also responsible for operations and IT.
Alex Pinchev joined Red Hat in 2003 as Executive Vice President of Sales to expand Red Hat's international footprint and drive global sales strategy. Since then Red Hat has developed impressive mindshare and marketshare globally and has established a presence in many new and emerging markets such as Russia, China, India and Latin America. Pinchev is now responsible for all global sales, services and field marketing. Pinchev is Executive Vice President and President, Global Sales, Services and Field Marketing.
“Organizing key groups in the company to focus on expanding Red Hat in the enterprise and scaling the business will enable Red Hat to operate more efficiently. Paul, Charlie and Alex have used their experiences and expertise to make Red Hat world-renowned for outstanding innovation and customer value, and this new alignment will make their teams even more effective,” said Jim Whitehurst, Red Hat President and CEO.
For more information about Red Hat, visit www.redhat.com. For more news, more often, visit www.press.redhat.com.
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is headquartered in Raleigh, NC with over 50 satellite offices spanning the globe. CIOs have ranked Red Hat first for value in Enterprise Software for four consecutive years in the CIO Insight Magazine Vendor Value study. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with applications, management and Services Oriented Architecture (SOA) solutions, including the JBoss Enterprise Middleware Suite. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.
Forward-Looking Statements
Certain 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 provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's Web site at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
LINUX is a trademark of Linus Torvalds. RED HAT® and JBOSS® are registered trademarks of Red Hat, Inc. and its subsidiaries in the US and other countries.
Red Hat
Kerri Catallozzi, 919-754-4268; kcatallo@redhat.com
