Red Hat appoints Matt Hicks as its President and Chief Executive Officer

Matt Hicks, President and Chief Executive Officer at Red Hat

Red Hat, Inc., a provider of open source solutions, announced 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.

What is Hicks’ industry expertise?

Known as a hands-on leader within Red Hat, Matt Hicks joined the organisation in 2006 as a developer on the IT team. Hicks quickly rose via various leadership positions across the organisation, helping Red Hat solidify itself as the open hybrid cloud technology leader.

Most notably, Hicks 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, serving as the industry’s leading enterprise Kubernetes platform. He has remained at the vanguard of hybrid cloud computing and Red Hat’s product strategy since then.

As executive vice president of Products and Technologies, Hicks was responsible for the entirety of Red Hat’s product strategy and engineering. Under Hicks’ leadership, Red Hat’s open hybrid cloud strategy and portfolio have expanded to help clients deploy and manage any app, anywhere, from on-premises environment, to multiple clouds, and to the edge.

This includes delivering new managed cloud services that help clients speed the development of cloud-native applications, new capabilities to accelerate AI development, product variants enabling edge use cases and new security approaches that span hybrid cloud environments.

Open source software is the IT industry’s innovation engine. With more than 25 years industry experience in Linux, an illustrious background in computer engineering, industry vision and sharp business acumen, Hicks is well-regarded for his work with customers and partners of Red Hat to solve the next generation of IT challenges with open source innovation.

What role has Cormier played in scaling Red Hat?

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 vital role in the expansion of Red Hat’s portfolio to a modern IT stack based on open source innovation. His efforts to transform Red Hat Linux from a freely downloadable operating system to a subscription model with Red Hat Enterprise Linux (RHEL), was a pivotal moment.

His leadership solidified Red Hat as an enviable industry leader and paved the way for the open innovation that is at the heart of the hybrid cloud and modern IT. RHEL is now the industry’s leading enterprise Linux platform, powering more than 90% of Fortune 500 organisations and touching $13 trillion in global business revenues in 2022. With RHEL as the foundation for open hybrid cloud, Red Hat is creating the future of enterprise IT.

Before much of the industry, Cormier also championed a vision for open hybrid cloud, giving customers the flexibility to deliver any app, anywhere on any infrastructure from the edge and bare metal to multiple public clouds in a common, more consistent manner.

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.

Since Red Hat’s acquisition by IBM in 2019, Cormier has been vital in scaling and accelerating Red Hat while maintaining the firm’s market neutrality. He will to work alongside IBM CEO and chairman, Arvind Krishna in this capacity. Both Cormier and Hicks will report to Krishna.

What were the executives’ thoughts on the reshuffle?

Matt Hicks, president and CEO, Red Hat said, “When I first joined Red Hat, I was passionate about open source and our mission, and I wanted to be a part of that. I am humbled and energised to be stepping into this role at this moment. There has never been a more exciting time to be in our industry and the opportunity in front of Red Hat is vast. I’m ready to roll up my sleeves and prove that open source technology truly can unlock the world’s potential.”

Arvind Krishna, chairman and CEO, IBM said, “Red Hat serves as the foundation of so many clients’ technology strategies because of its open source and hybrid cloud capabilities. Matt’s deep experience and technical knowledge of Red Hat’s entire portfolio makes him the ideal leader as Red Hat continues to grow and to develop innovative, industry leading software.”

Paul Cormier, chairman, Red Hat commented, “Matt is the exemplification of a true Red Hatter and is absolutely the right person to step into this role. His experience across different parts of our business has given him depth and breadth of knowledge about how we can best work together to scale and remain the open hybrid cloud leader. He understands our product strategy and the direction the industry is moving in a way that’s second to none.”

“I’m excited to get to work with clients, partners, and Matt in new ways. My focus moving forward will be on helping clients drive innovation forward with a hybrid cloud platform built on open source tech. Open source tech has won the innovation debates and whatever the future looks like, it’s going to be built on open source technology and Red Hat will be there.”