Red Hat has named Paul Cormier as president and chief executive officer. Paul Cormier, who previously served as Red Hat’s president of Products and Technologies, succeeds Jim Whitehurst, who is now president of IBM.
Paul Cormier, who joined Red Hat in 2001, has been credited for the subscription model that transformed Red Hat from an open source company to an enterprise technology mainstay.
His strategies helped in moving Red Hat Linux from a freely downloadable operating system to Red Hat Enterprise Linux. Linux platform powers more than 90 percent of Fortune 500 organizations.
Paul Cormier has driven more than 25 acquisitions at Red Hat, moving the company well beyond its Linux roots and helped create a full, modern IT stack based on open source innovation that disrupted the IT industry.
In addition to his new role as president of IBM, Jim Whitehurst becomes chairman of Red Hat, succeeding Arvind Krishna, who is now CEO of IBM.