Red Hat introduced a brand new CEO final 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 transfer 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 company’s management while transferring it ahead and putting his own mark on things.
For essentially the most half, Hicks mentioned he’ll proceed on the identical path as Cormier. IBM has allowed Red Hat to be impartial for essentially the most half since buying it for $34 billion in 2018. IBM sells Red Hat providers to benefit from its gross sales clout, however Red Hat has remained impartial, with many companions moreover IBM.
As Cormier instructed 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 mentioned.
Under Cormier, Red Hat helped IBM return to development after a protracted interval of stagnation. Big Blue’s income was up 9% in its most up-to-date earnings report final month. Red Hat grew 12% and has been a giant contributor to IBM’s development technique
It’s up to Hicks to keep that going while taking Red Hat wherever it’s going to go subsequent. I spoke to him not too long ago in regards to the transition to his new position and what it means for all events concerned, from clients and staff to mother or father company IBM.