Red Hat’s new CEO aims to maintain stability while leaving his mark on the company

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red hat announced new CEO last month when he promoted 16-year veteran Matt Hicks, who has been running for weeks now. His predecessor Paul Cormier, resigned to take over as chairman.

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Such a transition is never easy, but Hicks has Cormier, his longtime mentor, to lean on. Red Hat reins. In his new role, Hicks must balance reassuring customers and employees that the company’s leadership will be stable, moving it forward, and making his own mark.

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For the most part, Hicks said he would continue the same way as Cormier. IBM allowed Red Hat will be independent for the most part ever since buying it for $34 billion in 2018. IBM sells Red Hat’s services to leverage its sales influence, but Red Hat remains independent with many partners outside of IBM.

As Cormier told me about his relationship with IBM CEO Arvind Krishna in May interview: “The way Arvind characterizes Red Hat is that IBM will have its say on Red Hat, but it can’t work the other way around. This means that IBM has completely standardized Red Hat as [company’s] hybrid platform,” said Cormier.

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Under Cormier, Red Hat helped IBM back to growth after a long period of stagnation. Big Blue revenue up 9% in their latest earnings report last month. Red Hat grew 12% and was a major contributor to IBM’s growth strategy.

Hicks must keep this going by leading Red Hat where it wants to go next. I recently spoke with him about the transition to a new position and what it means for all parties involved, from customers and employees to the IBM parent company.


Credit: techcrunch.com /

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