red hat announcement A new CEO last month That’s when it promoted Matt Hicks, a 16-year veteran who has been on the job for several weeks now. His predecessor, Paul Cormier, stepped down to move into the role of chairman.
Making changes like this is never easy, but Hicks has Cormier, his longtime mentor, bow down when he takes red hat Rein In his new role, Hicks will walk the line between reassuring customers and employees that the company will have stability in leadership while driving it forward and making its mark on things.
For the most part, Hicks said he would continue on the same path as Cormier. That’s allowed Red Hat to be independent for the most part since IBM bought it in 2018 for $34 billion. IBM sells Red Hat services to take advantage of its sales influence, but Red Hat has remained independent, with many partners other than IBM.
As Cormier told me about his relationship with IBM CEO Arvind Krishna in a May interview: “The way Arvind characterizes Red Hat is that IBM’s opinion will be on Red Hat, but it’s the other way around. So this means that IBM has completely standardized on Red Hat [company’s] Hybrid platform,” Cormier said.
Under Cormier, Red Hat helped IBM return to development after a long stagnation. Big Blue’s revenue up 9% In your most recent earnings report last month. Red Hat grew 12% and has been a major contributor to IBM’s growth strategy
It’s up to Hicks to keep this going when Red Hat takes it anywhere. I recently spoke to him about the transition to his new role and what it means for all parties involved, from customers and employees to parent company IBM.