Red Hat's Chairman to Step Down in August
Matthew J. Szulik will not seek re-election to Red Hat's Board of Directors.
Chairman and former CEO of Red Hat Matthew J. Szulik submitted his resignation to the board of directors Wednesday and will leave the company effective August 12.
"I am at a stage in my life when I would like to have more time and energy available to devote to my family and some of my persona interests outside of Red Hat," Szulik said in his resignation letter that was submitted to the SEC on May 26.
Szulik has been involved with Red Hat for more than a decade serving as both CEO and president. During his time at Red Hat, Szulik was awarded a CIO 20/20 honor from CIO Magazine in 2002. During his time as CEO, Red Hat entered the One Laptop per Child initiative, reached its one millionth deployment and achieved an estimated US$ 1 billion in cash reserves.
According to SEC filings, Szulik began buying large volumes of discounted Red Hat stock and selling it at market value in April. Of the US$ 80 million he's made this year off of Red Hat stock, just over half of it has been generated in the last 64 days. Currently, Red Hat (RHT) is trading for US$ 29.58.
No word yet on his replacement, but we'll update the story when more details come through.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.

News
-
KaOS 2025.05 Officially Qt5 Free
If you're a fan of independent Linux distributions, the team behind KaOS is proud to announce the latest iteration that includes kernel 6.14 and KDE's Plasma 6.3.5.
-
Linux Kernel 6.15 Now Available
The latest Linux kernel is now available with several new features/improvements and the usual bug fixes.
-
Microsoft Makes Surprising WSL Announcement
In a move that might surprise some users, Microsoft has made Windows Subsystem for Linux open source.
-
Red Hat Releases RHEL 10 Early
Red Hat quietly rolled out the official release of RHEL 10.0 a bit early.
-
openSUSE Joins End of 10
openSUSE has decided to not only join the End of 10 movement but it also will no longer support the Deepin Desktop Environment.
-
New Version of Flatpak Released
Flatpak 1.16.1 is now available as the latest, stable version with various improvements.
-
IBM Announces Powerhouse Linux Server
IBM has unleashed a seriously powerful Linux server with the LinuxONE Emperor 5.
-
Plasma Ends LTS Releases
The KDE Plasma development team is doing away with the LTS releases for a good reason.
-
Arch Linux Available for Windows Subsystem for Linux
If you've ever wanted to use a rolling release distribution with WSL, now's your chance.
-
System76 Releases COSMIC Alpha 7
With scores of bug fixes and a really cool workspaces feature, COSMIC is looking to soon migrate from alpha to beta.