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Red Hat Appoints Two New Financial Executives
RaleighUnited States, September 25, 2007
Mark Cook promoted to Vice President, Finance and Controller; Paul Argiry joins Red Hat as Vice President and Treasurer
Red Hat (NYSE: RHT), the world's leading provider of open source solutions, today announced the promotion of Mark E. Cook to Vice President, Finance and Controller and the appointment of Paul Argiry as Vice President and Treasurer. Both will report to Executive Vice President and Chief Financial Officer, Charlie Peters.
With over 30 years of financial experience, Cook joined Red Hat as Treasurer in November 2004 and later was promoted to Vice President and Treasurer. Prior to joining Red Hat, Cook served as Director of Finance at Cluett American Corp., with responsibilities for treasury and other financial functions. Cook served as Treasurer of the multi-national textile company, Guilford Mills, Inc. Previously, Cook also held a number of financial positions at Worthington Industries, Inc., Blount International, Inc. and RJR Nabisco, Inc.
Argiry brings over 15 years of diversified financial experience including public accounting, mergers and acquisitions, corporate finance and treasury. He is now responsible for leading Red Hat's treasury function, including corporate treasury, payroll, credit and collections and facilities. Prior to this role, Argiry was the Senior Director of Corporate Finance and Treasury at Jabil Circuit, Inc., a NYSE-listed electronic manufacturing services company based in St. Petersburg, Florida. Argiry also served as Director of Finance for Mergers and Acquisitions at Jabil and worked in the audit division and transaction services group with Price Waterhouse Coopers.
We are pleased to have the talents of Mark Cook and Paul Argiry in these very important positions for our Company, said Charlie Peters, Executive Vice President and Chief Financial Officer of Red Hat. We are confident that both bring strong experience to our finance organization and will reinforce the financial disciplines and strategies already in place.
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is headquartered in Raleigh, NC with over 50 satellite offices spanning the globe. CIOs have ranked Red Hat first for value in Enterprise Software for three consecutive years in the CIO Insight Magazine Vendor Value study. Red Hat provides high-quality, low-cost technology with its operating system platform, Red Hat Enterprise Linux, together with applications, management and Services Oriented Architecture (SOA) solutions. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.
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forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; the dependence on key personnel as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions
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