Red Hat Names Eric Shander as Executive Vice President and Chief Financial Officer
25-year industry veteran appointed to new role after previously
serving as Red Hat’s acting CFO
RALEIGH, N.C.--(BUSINESS WIRE)--
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source
solutions, announced that Eric Shander has been named the company’s
executive vice president and chief financial officer, effective today.
As Red Hat’s CFO, Shander will be responsible for leading the company’s
global finance organization, reporting to Red Hat president and CEO Jim
Whitehurst.
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Eric Shander, Executive Vice President and Chief Financial Officer, Red Hat (Photo: Business Wire)
Shander most recently served as Red Hat’s acting CFO, and vice president
and chief accounting officer. Since joining Red Hat in 2015, he has
helped strengthen and grow the company’s finance operation. Shander came
to Red Hat with more than 25 years of business, accounting, and
financial experience at global software and technology companies,
including at IBM and Lenovo.
At IBM, Shander held several key roles in the company’s finance and
operations organizations, including serving as the company’s vice
president of Americas IT infrastructure delivery from 2011-2015. Prior
to that, he ran IBM’s Finance and Accounting Global Process Services
division from 2008-2011. Shander rejoined IBM in 2008 from Lenovo, where
he was the company’s vice president and chief accountant. At Lenovo, he
led the formation of the global CFO function immediately after the
company acquired IBM’s PC business in 2005. Prior to Lenovo, Shander
spent nearly 15 years at IBM, where he held a variety of finance and
accounting roles.
As organizations deploy new, more modern and agile solutions that enable
them to better compete in the digital economy, they are increasingly
deploying flexible hybrid cloud infrastructures and open source
technologies, helping to fuel Red Hat’s global growth. In March 2017,
Red Hat announced its 60th
consecutive quarter of revenue growth, with fourth quarter total
revenue of $629 million (up 16% year-over-year) and full fiscal year
total revenue of $2.4 billion (up 18% year-over-year).
Supporting Quotes
Jim Whitehurst, president and CEO, Red Hat
“The opportunity
has never been greater for open source technology in the enterprise and
for Red Hat, and I am thrilled to have Eric officially take over as Red
Hat’s CFO. I’ve worked very closely with Eric since he has joined Red
Hat and have seen firsthand how talented he is. I have confidence that
he will be a great CFO for Red Hat and help continue our strong
financial position.”
Eric Shander, executive vice president and CFO, Red Hat
“Open
source has transformed the technology industry and is helping
organizations around the world innovate at an incredible pace. As more
and more organizations look to open source to modernize their IT
infrastructure and applications, Red Hat is squarely positioned as a
strategic partner to help enterprises thrive. I am excited to lead the
Finance organization to help drive Red Hat’s growth.”
About Red Hat, Inc.
Red Hat is the world's leading provider of open source software
solutions, using a community-powered approach to provide reliable and
high-performing cloud, Linux, middleware, storage and virtualization
technologies. Red Hat also offers award-winning support, training, and
consulting services. As a connective hub in a global network of
enterprises, partners, and open source communities, Red Hat helps create
relevant, innovative technologies that liberate resources for growth and
prepare customers for the future of IT. Learn more at http://www.redhat.com.
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Red Hat, Inc.
Media Contact:
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Source: Red Hat, Inc.