November 15, 2025 Red Hat Promotes Matthew Szulik to CEO Industry Veteran Instrumental in Red Hat's Growth and Success to Lead Combined Red Hat and Cygnus Solutions Management Team Red Hat today announced the promotion of Matthew Szulik to CEO and president of the fast-growing, market leader in open source solutions. Szulik, who joined Red Hat as president in November of 1998, was instrumental in the widespread success of Red Hat Linux, the execution of Red Hat?s successful IPO and the global expansion of the company?s open source service offerings. ?Matthew has done a tremendous job building the company over the past year, assembling a talented and experienced management team, and creating the partnerships with the leading global technology suppliers to drive Red Hat's current rapid growth and high customer satisfaction." said Bob Young, Chairman of Red Hat, Inc. "Matthew's continued leadership will enable Red Hat to develop the organisation and skills to be the trusted supplier of end-to-end open source solutions for the Internet, enterprise servers, and a new generation of post-PC computing." Red Hat also announced today a definitive agreement to merge with Sunnyvale, Calif.-based Cygnus Solutions, creating the world?s largest provider of open source technology, information and services. Szulik will lead a combined management team of the newly merged entity. Bob Young, currently CEO and chairman, will become chairman of Red Hat, Inc. Young will remain active in the strategic and creative direction of Red Hat and driving the global, industry-wide adoption of open source development practice. Szulik has more than 20 years of industry expertise with leading software companies, including Interleaf, Inc. and MapInfo Corporation. International Data Corp. (IDC) research states that Linux was the fastest-growing server operating environment in 1998, growing more than 190 percent in that year alone and capturing more than 15.8 percent of the 4.4 million revenue shipment server operating systems market segment. IDC also states that Red Hat Linux is by far the most popular distribution, preferred by 68.7 percent of U.S. Linux users. About Red Hat, Inc. Founded in 1994, Red Hat (NASDAQ: RHAT) is a market leader in open source operating system (OS) software, services and information. Along with its award-winning open source Red Hat Linux OS, Red Hat offers a full line of services, including telephone support, on-site consulting, developer training, certification programmes and priority access updates, making Red Hat a leading resource for knowledgeable, innovative, mission-critical open source solutions. Red Hat shares all of its software innovations freely with the open source community under the GNU General Public License (GPL). The Official Red Hat Linux OS and related services are available directly from the company and through its partner, distributor and reseller programmes, which include top PC and server manufacturers such as Compaq, Dell, Gateway, IBM, Hewlett-Packard and Silicon Graphics. Red Hat Europe was established in July 1999 with its European headquarters based in Surrey, United Kingdom and offices throughout Europe. Red Hat Linux is sold and supported through a number of major distribution and industry partners throughout Europe. Red Hat and the Official Red Hat Linux OS have received industry praise. Recent accolades include: Red Herring's Top 100 Companies of the Electronic Economy, Upside's Hot 100 Companies, Network World's 10 Companies to Watch, Federal Computer Week's Government Best Buy, Software Development?s Jolt Award and InfoWorld's Product of the Year for three years in a row. Red Hat was also voted a "LinuxWorld Favorite" by the attendees of the two most recent LinuxWorld Expos, winning Best Server Distribution at the August show. Red Hat is based in Durham, N.C. and has offices worldwide. Visit Red Hat on the Web at www.redhat.com. For investor inquiries, contact Lippert/Heilshorn at (212) 838-3777. # # # LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc. All other names and trademarks are the property of their respective owners. An electronic version of this press release and all Red Hat releases are available at www.firefly.presscentre.co.uk. If you would like to receive future releases via email please visit www.firefly.presscentre.co.uk to register your details. For further information please contact Fiona Phelps Red Hat phone: +44 (0)1483 300 169 email: fphelps@redhat.com