RALEIGH, N.C.— Red Hat, Inc. (NYSE:RHT), the world's leading provider of open source solutions, today announced that Sohaib Abbasi, chairman and chief executive officer of Informatica Corporation (NASDAQ: INFA) will join its Board of Directors. The company also announced that Dr. Steve Albrecht, Professor of Accounting at the Marriott School of Management at Brigham Young University, will return to the Red Hat Board.
"We are pleased to welcome Sohaib Abbasi to our Board. Sohaib's industry experience and strong track record of success in executive roles at leading technology companies will be a tremendous asset as we continue to drive innovation and work to meet and exceed customer expectations," said General H. Hugh Shelton (U.S. Army Retired), Chairman of Red Hat's Board of Directors. "We are also thrilled and honored to have Dr. Albrecht rejoin Red Hat's Board. Steve is a thought leader in the accounting field with an incredibly broad range of experience, and the value of his expertise and stewardship will be significant as we look to grow our business responsibly."
Abbasi has served as the chief executive officer and president of Informatica since July 2004 and as chairman of its board of directors since March 2005. Until 2003, Mr. Abbasi was senior vice president, Oracle Tools Division and Oracle Education at Oracle Corporation, which he joined in 1982. From 1994 to 2000, he was senior vice president, Oracle Tools Product Division. Mr. Abbasi graduated with honors from the University of Illinois at Urbana-Champaign in 1980, where he earned both a Bachelor of Science and a Master of Science degree in computer science.
Dr. Albrecht, who previously served on Red Hat's Board from April 2003 through June 2009, is the Andersen Alumni Professor of Accounting at the Marriott School of Management at Brigham Young University ("BYU"). He served as Associate Dean of the school until July 2008. Dr. Albrecht, a certified public accountant, certified internal auditor, and certified fraud examiner, joined BYU in 1977 after teaching at Stanford University and the University of Illinois. Prior to becoming a professor, he worked as an accountant for Deloitte & Touche. Dr. Albrecht currently serves on the board of directors of Cypress Semiconductor Corporation (NASDAQ:CY) and SunPower Corporation (NASDAQ:SPWRA). He is the past president of the American Accounting Association and the Association of Certified Fraud Examiners and is a former trustee of the Financial Accounting Foundation that oversees the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). Mr. Albrecht holds a Bachelor of Science degree from Brigham Young University, a Masters degree in Business Administration and a Doctorate degree in Accounting from the University of Wisconsin.
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Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.
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