Sohaib Abbasi Joins Red Hat's Board of Directors, Company Welcomes Back Dr. Steve Albrecht
RALEIGH, N.C.--(BUSINESS WIRE)--
Red Hat, Inc. (NYSE:RHT), the world's leading provider of open source
solutions, today announced that Sohaib Abbasi, chairman and chief
executive officer of Informatica Corporation (NASDAQ: INFA) will join
its Board of Directors. The company also announced that Dr. Steve
Albrecht, Professor of Accounting at the Marriott School of Management
at Brigham Young University, will return to the Red Hat Board.
"We are pleased to welcome Sohaib Abbasi to our Board. Sohaib's industry
experience and strong track record of success in executive roles at
leading technology companies will be a tremendous asset as we continue
to drive innovation and work to meet and exceed customer expectations,"
said General H. Hugh Shelton (U.S. Army Retired), Chairman of Red Hat's
Board of Directors. "We are also thrilled and honored to have Dr.
Albrecht rejoin Red Hat's Board. Steve is a thought leader in the
accounting field with an incredibly broad range of experience, and the
value of his expertise and stewardship will be significant as we look to
grow our business responsibly."
Abbasi has served as the chief executive officer and president of
Informatica since July 2004 and as chairman of its board of directors
since March 2005. Until 2003, Mr. Abbasi was senior vice president,
Oracle Tools Division and Oracle Education at Oracle Corporation, which
he joined in 1982. From 1994 to 2000, he was senior vice president,
Oracle Tools Product Division. Mr. Abbasi graduated with honors from the
University of Illinois at Urbana-Champaign in 1980, where he earned both
a Bachelor of Science and a Master of Science degree in computer science.
Dr. Albrecht, who previously served on Red Hat's Board from April 2003
through June 2009, is the Andersen Alumni Professor of Accounting at the
Marriott School of Management at Brigham Young University ("BYU"). He
served as Associate Dean of the school until July 2008. Dr. Albrecht, a
certified public accountant, certified internal auditor, and certified
fraud examiner, joined BYU in 1977 after teaching at Stanford University
and the University of Illinois. Prior to becoming a professor, he worked
as an accountant for Deloitte & Touche. Dr. Albrecht currently serves on
the board of directors of Cypress Semiconductor Corporation (NASDAQ:CY)
and SunPower Corporation (NASDAQ:SPWRA). He is the past president of the
American Accounting Association and the Association of Certified Fraud
Examiners and is a former trustee of the Financial Accounting Foundation
that oversees the Financial Accounting Standards Board (FASB) and the
Governmental Accounting Standards Board (GASB). Mr. Albrecht holds a
Bachelor of Science degree from Brigham Young University, a Masters
degree in Business Administration and a Doctorate degree in Accounting
from the University of Wisconsin.
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, North Carolina, USA, with
over 65 offices spanning the globe. CIOs ranked Red Hat as one of the
top vendors delivering value in Enterprise Software for seven
consecutive years in the CIO Insight Magazine Vendor Value survey. Red
Hat provides high-quality, affordable technology with its operating
system platform, Red Hat Enterprise Linux, together with virtualization,
applications, management and Services 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: www.redhat.com.
Forward-Looking Statements
Certain statements contained in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements
provide current expectations of future events based on certain
assumptions and include any statement that does not directly relate to
any historical or current fact. Actual results may differ materially
from those indicated by such forward-looking statements as a result of
various important factors, including: risks related to delays or
reductions in information technology spending, the effects of industry
consolidation, uncertainty and adverse results in litigation and related
settlements, the integration of acquisitions and the ability to market
successfully acquired technologies and products; the ability of the
Company to effectively compete; the inability to adequately protect
Company intellectual property and the potential for infringement or
breach of license claims of or relating to third party intellectual
property; the ability to deliver and stimulate demand for new products
and technological innovations on a timely basis; risks related to data
and information security vulnerabilities; ineffective management of, and
control over, the Company's growth and international operations;
fluctuations in exchange rates; and changes in and a dependence on key
personnel, as well as other factors contained in our most recent
Quarterly Report on Form 10-Q (copies of which may be accessed through
the Securities and Exchange Commission's website at http://www.sec.gov),
including those found therein under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results
of Operations". In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general
factors including (without limitation) general industry and market
conditions and growth rates, economic and political conditions,
governmental and public policy changes and the impact of natural
disasters such as the earthquakes and related events in Japan. The
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views
could change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company's views
as of any date subsequent to the date of the press release.
Red Hat and JBoss are trademarks of Red Hat, Inc., registered in the
U.S. and other countries. Linux is the registered trademark of Linus
Torvalds in the U.S. and other countries.
Red Hat, Inc.
Kara Schiltz, 919-301-3002
kschiltz@redhat.com
Source: Red Hat, Inc.
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