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Red Hat Executive to Lead Domestic and International Sales in Newly-Expanded Role
RaleighUnited States, December 1, 2003
Experienced international executive, Alex Pinchev, promoted to Executive Vice President
Pinchev has outstanding knowledge and understanding of the U.S., European, Middle East, and Pacific Rim markets developed during 20 years of managing and growing internationally-based technology businesses. Prior to joining Red Hat, he served seven years as Chairman, President, CEO and Founder of MainControl Inc., where he experienced great success in developing relationships with Global 2000 customers, major consulting and software firms, integrators and OEM partners.
"Tim Buckley assembled a very talented sales leadership team, and I am thrilled with the opportunity to work with these executives," said Alex Pinchev. "I look forward to the challenge of my expanded role and am confident in our ability to continue the rapid market acceptance of Red Hat Enterprise Linux and our other enterprise solutions."
"I cannot imagine a more exciting company with a greater market opportunity than Red Hat to conclude my operating career," stated Tim Buckley. "Now that Red Hat has put together a deep and talented executive team, I am able to move forward with my retirement plans knowing the company will not miss a beat."
"Red Hat's worldwide growth and transformation into an enterprise sales organization can be directly attributed to Tim Buckley. Red Hat thanks Tim for his outstanding commitment and contributions," said Matthew Szulik, Chairman and CEO of Red Hat. "Alex Pinchev's broad experience building and leading global sales organizations has already created significant international growth for Red Hat, and I am confident that he will bring the same strong results to our entire business."
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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