Ten months after promotion, Red Hat CEO Matt Hicks navigates layoffs and AI’s rise
By Editor - Wed May 24, 7:39 am
When Matt Hicks got promoted to CEO at Red Hat last summer, he not only faced the typical challenges of any new chief executive taking over from a veteran like predecessor Paul Cormier, but he was also confronted by twin tests: the macroeconomic environment and the increasing emphasis on AI. Perhaps he’s more comfortable with the technology side, having spent 16 years at the company before moving to the corner office. But as the head honcho, he’s been dealing with the broader economy, too, and the impact it has had on everyone. His company has not been exempt. He has also been working with IBM, the company that bought Red Hat in 2018 for $34 billion. While the relationship and rules of engagement for the most part were established by Cormier, Hicks has still had to navigate that relationship, making sure his company maintains its independence, while drawing on the parent company’s sales clout to help drive revenue
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Ten months after promotion, Red Hat CEO Matt Hicks navigates layoffs and AI’s rise