IBM Pink Hat has named Matt Hicks as its new president and CEO. Hicks shall be taking on the position from Paul Cormier, who has led the corporate since 2020, shortly after it was acquired by IBM for $34 billion in July 2019. Cormier will turn into chairman of the board at Pink Hat and each he and Hicks will report back to IBM chairman and CEO Arvind Krishna.
Hicks first joined Pink Hat in 2006 as a developer and has held a variety of roles on the firm over his 22-year profession there. Most just lately he was vp of product and applied sciences, which noticed him take accountability for the whole lot of Pink Hat’s product technique and engineering operate.
Throughout his time in that position, Hicks oversaw the enlargement of Pink Hat’s open hybrid cloud technique and portfolio, permitting clients to construct, deploy and handle functions both on-premises, within the cloud, or on the edge.
In a message to Pink Hat’s workers, Hicks mentioned that when he joined the corporate, he by no means imagined his profession would lead him to this second. Nonetheless, he warned colleagues to not turn into complacent by the corporate’s current achievements, and that he would spend daily persevering with to “battle for Pink Hat to succeed”.
Pink Hat’s concentrate on enterprise-ready options constructed on open supply applied sciences like Linux and Kubernetes helped it attain greater than $3 billion in annual revenues earlier than it was acquired by IBM, which is trying to reshape its personal technique round open hybrid and multicloud applied sciences.
“Open supply is now solidly the innovation driver for the software program business and Pink Hat is the chief in enterprise open supply, interval. Nobody does it higher than us. We are going to proceed to earn that revered place and push ourselves to ship the open supply innovation that makes clients profitable,” Hicks mentioned.
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