Crimson Hat Inc. sprang a surprise right now as it declared that Matt Hicks has been promoted to be its new president and main executive officer, productive quickly.
Hicks (pictured) will take the reins from latest president and CEO Paul Cormier, who has moved upstairs to turn into the open up-resource program provider’s new chairman.
Red Hat is a subsidiary of IBM Corp. and viewed as a single of the pioneers of open up-source software program. Its flagship merchandise is the Crimson Hat Organization Linux running method, which is widely made use of to power thousands of enterprise info facilities around the planet. The business also sells equipment about virtualization, software package containers, middleware and numerous other apps. It was obtained by IBM in 2019 for $34 billion.
IBM CEO Arvind Krishna reported Crimson Hat serves as the basis of countless numbers of enterprises’ engineering techniques thanks to its open up-supply, hybrid cloud capabilities. “Matt’s deep expertise and complex information of Crimson Hat’s full portfolio helps make him the suitable chief as Pink Hat continues to increase and acquire ground breaking, industry-main software package,” he reported.
Through IBM’s most recent quarterly earnings report, the organization referred to as out Crimson Hat as a key and rising profits driver. Purple Hat’s gross sales jumped 21% in the quarter from a person calendar year prior. IBM stated it is well-positioned to love further more expansion far too, having just lately cast a partnership with Nvidia Corp. that will see it produce new, synthetic intelligence-powered apps that span facts centers, clouds and the network edge.
Incoming main Hicks joined the business back in 2006 as a software package developer on one particular of its info know-how groups. He grew to become a vital member of the engineering team that created Purple Hat OpenShift, the company’s Kubernetes platform, assisting expand that presenting to include various clouds and other environments.
Hicks has also helped the business to provide new managed cloud offerings, AI capabilities and cloud-indigenous apps. His significance to the enterprise was on exhibit through the most recent Crimson Hat Summit in May possibly, where he sent component of its keynote address.
Through that function, Hicks stopped by theCUBE, SiliconANGLE’s cell livestreaming studio, where by he discussed how the company’s determination to open up-supply computer software assists to drive innovation:
“There has hardly ever been a extra fascinating time to be in our sector and the option in entrance of Red Hat is large,” Hicks claimed in a assertion nowadays. ”I’m prepared to roll up my sleeves and establish that open up resource technological innovation really can unlock the world’s likely.”
Reaction to the information from industry analysts was beneficial. Charles King of Pund-IT Inc. explained to SiliconANGLE that Hicks is an attention-grabbing if considerably predictable option as Red Hat’s subsequent CEO, provided that he has both of those knowledge and credibility in phrases of engineering leadership and industrial merchandise advancement.
“The actuality he’s a longtime Purple Hat management figure is an crucial point, due to the fact it implies that the company is looking to keep on its steady development and evolution,” King included. “That’s additional emphasised by Cormier’s elevation to the chairman part. Total, Red Hat appears to be in a superior spot individually and also in its collaboration with IBM.”
Holger Mueller of Constellation Analysis Inc. mentioned IBM wanted to get its option of CEO correct, due to the fact it’s betting the farm on the upcoming good results of Red Hat’s software offerings.
“Luckily, Purple Hat seems to be in superior arms with Hicks, who has been steering both equally product or service and platform with a good monitor file,” Mueller claimed. “This could sign the beginning of a adjust at Crimson Hat, wherever it evolves to turn into much more of a investigation and growth subsidiary than a complete-fledged auxiliary with its own go-to-market method.”
Cormier had sat in the CEO incredibly hot seat since 2020, possessing taken in excess of from predecessor Jim Whitehurst, who turned chairman of IBM following Pink Hat was acquired. In his new position, he will get the job done on scaling up the business, growing shopper adoption, and mergers and acquisitions, IBM reported. In a assertion, Cormier said Hicks is “absolutely the right person” to provide as Red Hat’s following CEO, noting how his practical experience across various elements of the organization has supplied him the depth and breadth of awareness to continue to be a hybrid cloud chief.
“He understands our products system and the path the business is shifting in a way which is second to none,” Cormier claimed. “As chairman, I’m psyched to get to function with our prospects, companions and Matt in new approaches.”