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Industry Leader Joins Red Hat Senior Management Team
RaleighUnited States, March 15, 2005
Timothy Yeaton brings 20 years' enterprise experience with companies such as Macromedia and Compaq.
Red Hat, Inc. (Nasdaq:RHAT), the world's leading provider of open source to the enterprise, today announced the appointment of Timothy Yeaton as Senior Vice President of Marketing . Yeaton, who most recently held the position of President and CEO of Avaki Corporation, has over 20 years of experience as part of the management team at companies such as Macromedia and Compaq. At Red Hat Yeaton will be responsible for all worldwide marketing functions including Partner, Product and Programs Marketing and Communications.
"Joining Red Hat is a rare opportunity in this industry to help drive the vision of a company that is well on its way to becoming the defining technology company of the 21st century," said Tim Yeaton. "Having been deeply involved with the needs of enterprise for several years, I am excited to join Red Hat to help build the brand and the established reputation of delivering value to customers via the open source model."
Prior to leading the team at Avaki, Yeaton held the position of Senior Vice President & General Manager, Server Products at Macromedia where he was responsible for complete general management and P&L for all of Macromedia's server-side products, with approximately $100M in direct product revenues. Yeaton oversaw all research and development, product management & marketing, product services, and customer relations. He joined Macromedia as a result of its acquisition of Allaire, where he was Senior Vice President of Products.
At Compaq Yeaton was Vice President & General Manager, UNIX/Linux Systems Division with responsibility for the general management for Compaq's UNIX systems business, including all UNIX and Linux-related activities across Compaq divisions.
"Tim's' experience in finance, marketing and engineering management will give him the perspective to take the Red Hat brand to the next level," said Matthew Szulik, Chairman and CEO of Red Hat.
Yeaton holds a Masters Degree in Business Administration with Concentrations in Marketing and Finance from Babson College and a Bachelors of Science Degree in in management from Roger Williams University. He will split his time between Company headquarters in Raleigh, NC and Red Hat's Engineering Competency Center in Westford, MA. For more information on Red Hat please visit http://www.redhat.com.
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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