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Red Hat Names CEO Matthew Szulik Chairman of the Board; Leading Educator Marye Anne Fox Joins Board

New Chairman and Board Member Will Help Speed Linux and Open Source Software Adoption in Education and the Enterprise

RALEIGH, N.C. - —

Red Hat, Inc. (Nasdaq: RHAT), the world's premier open source and Linux provider, today announced that CEO Matthew Szulik has been named to the additional post of Chairman of the Board of Directors of Red Hat, Inc. Szulik joined Red Hat as President in November of 1998 and was promoted to CEO in November of 1999. He has been instrumental in the success of Red Hat and the unprecedented growth in the adoption of open source computing.


 

Red Hat also announced that well-known education leader Marye Anne Fox, Ph.D., has joined the Board of Directors.

"Matthew is doing a tremendous job building Red Hat into a financially disciplined, profitable, competitive global corporation. Red Hat has created an internationally recognized brand standing for quality and engineering excellence in open source technologies." said Bob Young, former Chairman of Red Hat, Inc. "Matthew's enhanced leadership position as CEO and Chairman will enable Red Hat to improve its customer service and product offerings even faster and increase the speed of Linux adoption in the enterprise."

As one of the founders of Red Hat, Young will continue his involvement as a member of the board of directors.

In addition, Red Hat today announced that Marye Anne Fox, Ph.D., has joined its board of directors. Fox is a widely acclaimed chemist who serves on the National Academy of Sciences' Committee on Science and Engineering Public Policy. She also serves on the President's Council of Advisors on Science and Technology (PCAST), which advises President George W. Bush and his administration on issues relating to technology, scientific research priorities, and math and science education. She is the chancellor of North Carolina State University.

"We are fortunate that Dr. Fox is bringing to Red Hat her extensive experience and insights into the ways in which computing can improve our nation's educational system," said Szulik. "One of the core missions of Red Hat is to encourage the use of open source software as a highly cost-effective means of bringing the benefits of a better education to all people in our society. Dr. Fox has long been a leader in this effort and her insights will enable Red Hat to treat education as a social responsibility rather than a market."

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

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.

LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc. All other names and trademarks are the property of their respective owners.

  • About Red Hat

  • 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.



  • Forward-Looking Statements

  • Certain statements contained in this press release may constitute "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 delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; 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; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company’s growth and international operations; fluctuations in exchange rates; and changes in and a 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 "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.