April 06 - 13:04
Paul Cormier named as Red Hat's new CEO
Red Hat has promoted Paul Cormier to replace Jim Whitehurst as CEO. Cormier was previously the open source giant's product and technologies chief. Whitehurst is taking over as President of IBM, which acquired Red Hat for $34 billion last year. Cormier joined Red Hat in 2001 and is widely credited with ideating its hugely successful subscription model. "I am honoured to lead the company," he said.
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