Wall Street Executive Joins Red Hat to Maximize Customer Experience

Posted by dave on Mar 2, 2004 6:39 AM EDT
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Joanne Rohde named Executive Vice President of Worldwide Operations to guide Red Hat's delivery of software as a service.

RALEIGH, NC - March 2, 2004รข- Red Hat, Inc. (Nasdaq:RHAT), the world's premier open source and Linux provider, today announced that Joanne Rohde has been appointed as Executive Vice President of Worldwide Operations. Rohde, most recently Managing Director, Information Technology and Chief Procurement Officer at UBS Investment Bank, has had over twenty years of enterprise experience in sales, marketing and IT. Rohde will be responsible for Red Hat's enterprise solutions, services and IT organizations.

Prior to joining Red Hat, Rohde managed multi-billion dollar IT budgets, technology relationships and investment banking infrastructure for UBS Investment Bank. Rohde previously held similar positions with Warburg, Swiss Bank Corporation, and O'Connor & Associates . Building staff and solutions to handle the needs of organizations with several thousand clients has been a key achievement in her career. While at UBS, Rohde helped build the IT organization as it grew tenfold and delivered solutions to the global UBS client base.

"I've experienced the high performance and clear value proposition of open source from the side of an enterprise customer," said Rohde. "Red Hat has a fantastic opportunity to scale the marketplace for open source solutions and improve the way people view computing. Being a part of this organization's management team is a exciting prospect."

"Joanne has been very effective building strong technical foundations to service global customers," said Matthew Szulik, President and CEO at Red Hat. "We welcome Joanne and see this as another significant milestone for Red Hat as we work to become the defining technology company of the 21st century."

Rohde's new position is effective immediately. She will be based at Red Hat's headquarters in Raleigh, NC. For more information on Red Hat please visit http://www.redhat.com.

About Red Hat, Inc. Red Hat is the world's premier open source and Linux provider. Red Hat is headquartered in Raleigh, N.C. and has offices worldwide. Please visit Red Hat on the Web at http://www.redhat.com.

Forward-Looking Statements Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release that are not strictly historical statements, including, without limitation, management's plans and objectives for future operations, and management's assessment of market factors, constitute forward-looking statements which involve risks and uncertainties. These risks and uncertainties include, without limitation, reliance upon strategic relationships, management of growth, the possibility of undetected software errors, the risks of economic downturns generally, and in Red Hat's industry specifically, the risks associated with competition and competitive pricing pressures, the viability of the Internet, and other risks detailed in Red Hat's filings with the Securities and Exchange Commission, copies of which may be accessed through the SEC's Web site at http://www.sec.gov.

LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc. All other names and trademarks are the property of their respective owners.

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