Red Hat introduced a new CEO last month when it promoted 16-year veteran Matt Hicks, who’s been on the job for a number of weeks now. His predecessor, Paul Cormier, stepped down to maneuver into the chairman position.
It’s by no means simple making a transition like this, however Hicks has Cormier, his longtime mentor, to lean on as he takes the Red Hat reins. In his new position, Hicks has to stroll the road between reassuring clients and staff that there shall be stability within the firm’s management whereas transferring it ahead and placing his personal mark on issues.
For essentially the most half, Hicks stated he’ll proceed on the identical path as Cormier. IBM has allowed Red Hat to be unbiased for essentially the most half since buying it for $34 billion in 2018. IBM sells Red Hat companies to reap the benefits of its gross sales clout, however Red Hat has remained unbiased, with many companions in addition to IBM.
As Cormier advised me about his relationship with IBM CEO Arvind Krishna in a May interview: “The way Arvind characterizes Red Hat is that IBM will be opinionated on Red Hat, but it can’t work the other way around. So what that means is IBM has completely standardized on Red Hat as the [company’s] hybrid platform,” Cormier stated.
Under Cormier, Red Hat helped IBM return to development after an extended interval of stagnation. Big Blue’s income was up 9% in its most recent earnings report final month. Red Hat grew 12% and has been a giant contributor to IBM’s development technique
It’s as much as Hicks to maintain that going whereas taking Red Hat wherever it’s going to go subsequent. I spoke to him just lately in regards to the transition to his new position and what it means for all events concerned, from clients and staff to father or mother firm IBM.
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