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Red Hat Adds Marketing Leadership to Executive Team
RaleighUnited States, August 25, 2003
John Young named Vice President of Marketing
Red Hat, Inc. (Nasdaq:RHAT), the world's premier open source and Linux provider, today announced the appointment of John Young to their executive team as Vice President, Marketing. Young will lead global marketing which includes strategic marketing, brand management, marketing programs and corporate communications.
Prior to joining Red Hat, Young served as Vice President at Hewlett Packard. His positions included general management of the Network-Attached Storage Division as well as product marketing leadership for the ProLiant industry standard server family. Preceding his time at HP, Young led strategic consulting projects as an engagement manager at McKinsey & Company.
"John is uniquely qualified to lead Red Hat's global marketing activities at a time when interest and demand for Linux and open source solutions for the enterprise and government are accelerating." said Matthew Szulik, CEO of Red Hat.
"Red Hat has established a leading technology brand and open source solutions that have become a standard in the enterprise." said John Young. "I look forward to the challenge of cultivating and delivering new open source solutions and building the outstanding value of the Red Hat Enterprise architecture."
Young received a bachelor of science degree in electronics engineering from Yale University and a master of business administration degree from the Fuqua School of Business at Duke University.
About Red Hat, Inc.
Red Hat, the world's leading open source and Linux provider, is headquartered in Raleigh, NC with satellite offices spanning the globe. Red Hat is leading Linux and open source solutions into the mainstream by making high quality, low cost technology accessible. Red Hat provides operating system software along with middleware, applications and management solutions. Red Hat also offers support, training and consulting services to its customers worldwide and through top-tier partnerships. Red Hat's open source strategy offers customers a long term plan for building infrastructures that are based on and leverage open source technologies with focus on security and ease of management. Learn more: http://www.redhat.com
Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release that are not strictly historical statements, including, without limitation, management's plans and objectives for future operations, and management's assessment of market factors, constitute forward-looking statements which involve risks and uncertainties. These risks and uncertainties include, without limitation, reliance upon strategic relationships, management of growth, the possibility of undetected software errors, the risks of economic downturns generally, and in Red Hat's industry specifically, the risks associated with competition and competitive pricing pressures, the viability of the Internet, and other risks detailed in Red Hat's filings with the Securities and Exchange Commission, copies of which may be accessed through the SEC's Web site at http://www.sec.gov.
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