Red Hat Names Paul Cormier as its New President and CEO
IBM announced in January that it’s senior vice president for Cloud and Cognitive Software Arvind Krishna would replace the then CEO Ginni Rometty when she stepped down, while Red Hat CEO Jim Whitehurst would become president.
Red Hat was acquired by IMB in 2018 for $34 billion. While Red Hat is under the IBM umbrella, it continues to operate as a separate company with its own executive structure.
Paul Cormier most recently served as Red Hat’s president of Products and Technologies. He began working at the company nearly 20 years ago in 2001, as VP of engineering, and has seen the company grow from a small startup to a multi-billion dollar company. He is credited with pioneering the subscription model that transformed Red Hat from an open source disruptor to an enterprise technology mainstay.
“After working with him closely for more than a decade, I can confidently say that Paul was the natural choice to lead Red Hat," former CEO Jim Whitehurst said in a statement. "Having been the driving force behind Red Hat’s product strategy for nearly two decades, he’s been intimately involved in setting the company’s direction and uniquely understands how to help customers and partners make the most out of their cloud strategy,” he said.
Arvind Krishna, CEO of IBM, commented, “Paul’s deep engineering skills, product expertise and industry vision make him the right leader to capitalize on this opportunity and fuel Red Hat’s continued technology innovation and accelerated growth.”