On April 1, Red Hat will have a new CFO, Carolyn Nash. Currently, Nash serves as the enterprise open-source software company’s VP of Global Finance, Transformations and Operations.
She will take the reins from Laurie Krebs, who will retire after five years with the IBM-owned company. However, Krebs won’t be completely absent following April Fools Day as she will stay on until July to ensure a smooth transition.
Nash is well prepared to take over the company’s top finance role as she currently oversees Red Hat’s team responsible for scaling its CFO organization for future growth. Nash first joined the Raleigh-based company in 2016 after 16 years in finance and leadership roles Cisco. She also brings experience from finance and accounting roles at HP and KPMG.
In the Red Hat’s announcement, CEO Paul Cormier stated, “Carolyn has a strong track record of driving business value through cross-functional collaboration and brings a people-first approach to leading I am confident she will build on our success and take us to the next level."
Nash will take over on the back of a positive quarter for parent company IBM, which saw its hybrid-cloud revenue grow 16% year-over-year to $6.2 billion, led by Red Hat’s sales growth. The open hybrid cloud technology company, which IBM acquired in 2019 for $34 billion, is a core component of IBM’s pivot from its traditional focus on mainframe computers and IT services to the cloud-computing market.