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Red Hat CFO steps down

Red Hat has announced that its chief financial officer, Kevin Thompson will soon be leaving the company.

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Red Hat has announced that its chief financial officer, Kevin Thompson will soon be leaving the company.

Thompson, who has been with Red Hat for nearly four years, is leaving to pursue other interests and spend more time with his family. He is expected to stay on until a replacement has been found.

Thompson has played a key role in moving Red Hat from primarily a services model to a subscription-pricing model, said Stacey Quandt, a principal with Quandt Analytics, an industry research firm.

"He had the hard job of figuring out Red Hat's subscription model," she said. "It had a services model for a long time and he went to the subscription model. He was a key member of Red Hat, intricately involved."

Meanwhile, Red Hat is expected to post revenue of $43m (£24m) for the three-month period ending 31 May.

Joris Evers writes for IDG News Service

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