Red Hat, Inc. Takes on New President

Research Triangle Park

United States, October 13, 1998

Red Hat, Inc. announced today that Matthew Szulik will join the company as President and Chief Operating Officer. Bob Young will remain as the company's Chairman and Chief Executive Officer.

With 21 years of technology industry experience, Szulik, a native of Massachusetts, has helped build leading technology companies, including MapInfo, the Troy N.Y.-based mapping software company. Most recently he has been President of Relativity Software, a successful and fast-growing enterprise software company based in Cary, NC.

Red Hat Chairman and CEO Bob Young said, "This is a time of enormous growth for Red Hat Software. Red Hat Linux is gaining increasing momentum, resulting in increasing demand for our enterprise computing services. Bringing successful, experienced executives like Matthew into Red Hat is important to our future success and growth."

Said Szulik, "The uniqueness of the Red Hat situation is what attracted me. It is not often that you have the chance to change the entire computer industry for the better. I am extremely attracted to the challenge of building a world-class, sustainable organization in the RTP area."

Szulik will share the administrative load that Young has been carrying, giving Young more time to focus on key industry relationships, international growth and the issues of Red Hat's creative and strategic direction.

Common with UNIX footnote

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