Red Hat Sales Executive to Take CEO Post at Red Hat Partner

RALEIGH, N.C.--(BUSINESS WIRE)--Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that Alex Pinchev, its Executive Vice President of Sales, Services & Field Marketing, will be stepping down on January 16, 2012, to become the chief executive officer of a data protection software company that is both privately held and an ecosystem partner of Red Hat. Mr. Pinchev will actively assist Red Hat with the search and transition planning for his replacement.

“Management's Discussion and Analysis of Financial Condition and Results of Operations”

Jim Whitehurst, Red Hat’s CEO, said, “While we are saddened by Alex's planned departure in January, we are pleased for him and wish him the best in his new CEO opportunity. Alex has built a very capable global sales team which will continue to serve our customers well.” Mr. Pinchev said, “I am excited by what lies ahead for me and by what continues to lie ahead for Red Hat. I have had the honor of participating in the success of Red Hat’s growth and will leave behind a strong organization with so many talented people under Jim's leadership.”

About Red Hat, Inc.

Red Hat, the world's leading provider of open source solutions and an S&P 500 company, is headquartered in Raleigh, NC with more than 70 offices spanning the globe. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with cloud, virtualization, applications, management, storage and service-oriented architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.

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