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
-
Linux Kernel 6.17 is Available
Linus Torvalds has announced that the latest kernel has been released with plenty of core improvements and even more hardware support.
-
Kali Linux 2025.3 Released with New Hacking Tools
If you're a Kali Linux fan, you'll be glad to know that the third release of this famous pen-testing distribution is now available with updates for key components.
-
Zorin OS 18 Beta Available for Testing
The latest release from the team behind Zorin OS is ready for public testing, and it includes plenty of improvements to make it more powerful, user-friendly, and productive.
-
Fedora Linux 43 Beta Now Available for Testing
Fedora Linux 43 Beta ships with Gnome 49 and KDE Plasma 6.4 (and other goodies).
-
USB4 Maintainer Leaves Intel
Michael Jamet, one of the primary maintainers of USB4 and Thunderbolt drivers, has left Intel, leaving a gaping hole for the Linux community to deal with.
-
Budgie 10.9.3 Now Available
The latest version of this elegant and configurable Linux desktop aligns with changes in Gnome 49.
-
KDE Linux Alpha Available for Daring Users
It's official, KDE Linux has arrived, but it's not quite ready for prime time.
-
AMD Initiates Graphics Driver Updates for Linux Kernel 6.18
This new AMD update focuses on power management, display handling, and hardware support for Radeon GPUs.
-
AerynOS Alpha Release Available
With a choice of several desktop environments, AerynOS 2025.08 is almost ready to be your next operating system.
-
AUR Repository Still Under DDoS Attack
Arch User Repository continues to be under a DDoS attack that has been going on for more than two weeks.