Red Hat CFO steps down


Red Hat CFO steps down

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

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy