March 6, 2025 RED HAT NAMES HAROLD COVERT CHIEF FINANCIAL OFFICER Former Adobe CFO Joins the Market Leader in Open Source Technology and Solutions Red Hat, the market leader in open source solutions, announced today the appointment of Harold Covert to the position of Chief Financial Officer (CFO). Covert, age 53, joins Red Hat from Adobe Systems, Inc. based in San Jose, California, where he was Executive Vice President and CFO. Covert brings to Red Hat more than twenty years of experience in strategic management, finance operations and information systems. Covert comes to Red Hat with a proven record of scaling global businesses and excellent operations and financial skills. While at Adobe, Covert had worldwide responsibility for Adobe's finance, planning, information systems, manufacturing, and accounting operations. In addition, Covert has had direct responsibility for mergers and acquisitions, raising capital in public and private equity and debt offerings and SEC reporting. "Hal's global experience with scaling the financial and operation strategies of publicly traded companies is a tremendous asset to our team,'' said Matthew Szulik, president and CEO of Red Hat, Inc. "His strategic advice and insight will be invaluable in helping Red Hat grow its global leadership position in the open source technology industry.'' "Red Hat is a world leader in developing and expanding open source, which is the most important new way of developing and supporting software,'' said Covert. "I'm looking forward to helping Red Hat continue to drive the acceptance of open source through strong financial management, strategic mergers and acquisitions. Red Hat is not just a company, it's a top-tier organisation that's on a mission to bring better software to more users, more quickly and efficiently than ever before.'' Prior to his role at Adobe, Covert held CFO positions with a $1.5 billion division of Philips Electronics; as well as ISC Systems, Inc. A graduate of Lake Erie College and Cleveland State University, Covert is a Certified Public Accountant and veteran of the U.S. Army. Open Source Momentum International Data Corp. (IDC) research states that paid Linux shipments grew faster than any other server operating system over the past two years. IDC preliminary figures for 1999 show Linux shipments hold 24.6 per cent of the server operating system market, up from 15.8 in 1998. According to research firm NetCraft, Inc. (www.netcraft.com), 29 per cent of all public Web servers run on Linux, making Linux the most popular operating system for public Web sites. Finally, IDC predicts that by 2002, there will be more than 55 million handheld and notebook-style information appliance devices and that by 2005, shipments of these appliances will exceed shipments of PCs. Red Hat's numerous alliances with industry leaders and the demand for Linux-based applications has created open source support from many of the industry's leading software and hardware manufacturers, including Compaq, Computer Associates, Corel, Dell, Hewlett-Packard, IBM, Intel, Netscape, Novell, Oracle and SAP. About Red Hat, Inc. Founded in 1994, Red Hat is a leader in the development of Linux-based operating system software (OS) and services. Based in Durham, N.C., Red Hat builds the most accessible and advanced server OS available anywhere with technical innovations such as RPM and the disk druid installation tool. Red Hat Linux is available for Intel, Compaq Alpha and Sun SPARC platforms. Red Hat Linux available directly from the company and through Red Hat's partner, distributor and reseller programs, which include top PC and server manufacturers like Dell, IBM and Hewlett-Packard. Red Hat Linux was named InfoWorld's Product of the Year for four years in a row, was given a productivity accolade in Software Development's Jolt Awards, was named an environment/desktop finalist in the Ziff-Davis European Excellence Awards, won the editor's choice awards from the Linux Journal and Australian Personal Computing magazines, and won the 'Just Plain Cool' award from Australian Personal Computing magazine. At March's LinuxWorld Expo, more than 8,000 members of the Linux community voted Red Hat a 'LinuxWorld Favorite'. Red Hat Linux recently won a Product Excellence award from Software Development Magazine. LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc. UNIX is a registered trademark of The Open Group. All other names and trademarks are the property of their respective owners. For further information please contact Insa Winkelbrandt-Greener Red Hat phone: +44 (0)1483 300 169 email: igreener@redhat.com