Red Hat announces Matt Hicks as its new CEO

ByMabel R. Acton

Jul 13, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Crimson Hat Inc. sprang a surprise today as it introduced that Matt Hicks has been promoted to be its new president and chief govt officer, efficient straight away.

Hicks (pictured) can take the reins from recent president and CEO Paul Cormier, who has moved upstairs to grow to be the open-supply computer software provider’s new chairman.

Crimson Hat is a subsidiary of IBM Corp. and viewed as one of the pioneers of open up-supply program. Its flagship item is the Purple Hat Organization Linux operating method, which is widely applied to energy thousands of business facts facilities all around the world. The organization also sells equipment around virtualization, computer software containers, middleware and numerous other purposes. It was acquired by IBM in 2019 for $34 billion.

IBM CEO Arvind Krishna claimed Crimson Hat serves as the foundation of thousands of enterprises’ technological know-how procedures many thanks to its open-resource, hybrid cloud abilities. “Matt’s deep expertise and specialized know-how of Purple Hat’s complete portfolio would make him the best chief as Red Hat carries on to expand and develop progressive, sector-top software package,” he said.

During IBM’s most recent quarterly earnings report, the firm termed out Crimson Hat as a crucial and rising income driver. Red Hat’s product sales jumped 21% in the quarter from 1 calendar year prior. IBM claimed it is well-positioned to appreciate even more expansion far too, possessing lately solid a partnership with Nvidia Corp. that will see it produce new, artificial intelligence-powered programs that span facts facilities, clouds and the community edge.

Incoming main Hicks joined the corporation back in 2006 as a software program developer on a person of its information and facts technologies groups. He became a key member of the engineering staff that created Pink Hat OpenShift, the company’s Kubernetes system, encouraging develop that providing to include a number of clouds and other environments.

Hicks has also helped the business to deliver new managed cloud offerings, AI capabilities and cloud-native applications. His relevance to the organization was on display throughout the most latest Red Hat Summit in May, the place he shipped section of its keynote deal with.

All through that event, Hicks stopped by theCUBE, SiliconANGLE’s mobile livestreaming studio, wherever he discussed how the company’s determination to open-resource application can help to travel innovation:

https://www.youtube.com/look at?v=s2EeQChBGRc

“There has under no circumstances been a much more remarkable time to be in our field and the opportunity in front of Pink Hat is large,” Hicks mentioned in a assertion currently. ”I’m all set to roll up my sleeves and prove that open up resource technology certainly can unlock the world’s possible.”

Response to the information from market analysts was beneficial. Charles King of Pund-IT Inc. instructed SiliconANGLE that Hicks is an attention-grabbing if somewhat predictable selection as Purple Hat’s future CEO, provided that he has each practical experience and credibility in terms of engineering management and professional product development.

“The reality he’s a longtime Purple Hat management figure is an critical point, considering the fact that it indicates that the organization is seeking to continue its steady progress and evolution,” King extra. “That’s additional emphasised by Cormier’s elevation to the chairman part. All round, Purple Hat seems to be in a superior location independently and also in its collaboration with IBM.”

Holger Mueller of Constellation Analysis Inc. said IBM needed to get its alternative of CEO appropriate, due to the fact it’s betting the farm on the future achievements of Pink Hat’s software program offerings.

“Luckily, Pink Hat appears to be in good palms with Hicks, who has been steering both product and platform with a superior monitor history,” Mueller said. “This could sign the starting of a change at Pink Hat, where by it evolves to turn out to be far more of a exploration and progress subsidiary than a comprehensive-fledged auxiliary with its have go-to-market approach.”

Cormier experienced sat in the CEO very hot seat considering the fact that 2020, possessing taken more than from predecessor Jim Whitehurst, who turned chairman of IBM after Crimson Hat was obtained. In his new job, he will work on scaling up the company, growing client adoption, and mergers and acquisitions, IBM said. In a statement, Cormier explained Hicks is “absolutely the right person” to serve as Pink Hat’s next CEO, noting how his practical experience throughout various parts of the organization has provided him the depth and breadth of awareness to stay a hybrid cloud chief.

“He understands our merchandise tactic and the route the sector is moving in a way that’s 2nd to none,” Cormier mentioned. “As chairman, I’m excited to get to work with our buyers, partners and Matt in new strategies.”

Image: SiliconANGLE

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