Red Hat announced A new CEO last month When she promoted veteran 16-year-old Matt Hicks, who has been on the job for several weeks now. His predecessor, Paul Cormier, resigned to move to the position of Chairman.
It’s never easy to make a transition like this, but Hicks has Cormier, his longtime mentor, to count on while he takes over. red hat reins. In his new role, Hicks has to walk the line between reassuring customers and employees that there will be stability in the company’s leadership going forward and making his own mark on things.
For the most part, Hicks said he would continue down the same path as Cormier. IBM has allowed Red Hat to be largely independent since buying it for $34 billion in 2018. IBM sells Red Hat services to take advantage of its sales clout, but Red Hat has remained independent, with several partners alongside IBM.
As Cormier told me about his relationship with IBM CEO, Arvind Krishna in an interview in May: “The way Arvind characterizes Red Hat is that IBM will have its say on Red Hat, but it can’t work in the opposite direction. What that means is that IBM has standardized Red Hat just like [company’s] Hybrid platform,” Cormier said.
Under Cormier, Red Hat helped IBM return to growth after a long period of stagnation. Big Blue revenue up 9% In the latest earnings report Last month. Red Hat grew 12% and was a significant contributor to IBM’s growth strategy
It’s up to Hicks to continue this while taking Red Hat wherever she goes. I spoke to him recently about moving into his new role and what that means for all parties involved, from customers and employees to parent company IBM.