Red Hat Executive to Lead Domestic & International Sales in Newly Expanded Role

anonymous writes "Experienced international executive, Alex Pinchev, promoted to Executive Vice President

RALEIGH, NC—December 1, 2003—Red Hat, Inc. (Nasdaq:RHAT), the world's premier open source and Linux provider, today announced that Alex Pinchev, who was appointed President of International Operations in April, 2003, will assume executive leadership of worldwide sales in addition to leading Red Hat's international operations. Red Hat also announced that Tim Buckley, Executive Vice President and Chief Operating Officer with responsibility for North American sales and global channel sales, will retire after five years with Red Hat.

Pinchev has outstanding knowledge and understanding of the U.S., European, Middle East, and Pacific Rim markets developed during 20 years of managing and growing internationally-based technology businesses. Prior to joining Red Hat, he served seven years as Chairman, President, CEO and Founder of MainControl Inc., where he experienced great success in developing relationships with Global 2000 customers, major consulting and software firms, integrators and OEM partners.

"Tim Buckley assembled a very talented sales leadership team, and I am thrilled with the opportunity to work with these executives," said Alex Pinchev. "I look forward to the challenge of my expanded role and am confident in our ability to continue the rapid market acceptance of Red Hat Enterprise Linux and our other enterprise solutions."

"I cannot imagine a more exciting company with a greater market opportunity than Red Hat to conclude my operating career," stated Tim Buckley. "Now that Red Hat has put together a deep and talented executive team, I am able to move forward with my retirement plans knowing the company will not miss a beat."

"Red Hat's worldwide growth and transformation into an enterprise sales organization can be directly attributed to Tim Buckley. Red Hat thanks Tim for his outstanding commitment and contributions," said Matthew Szulik, Chairman and CEO of Red Hat. "Alex Pinchev's broad experience building and leading global sales organizations has already created significant international growth for Red Hat, and I am confident that he will bring the same strong results to our entire business."

About Red Hat, Inc.
Red Hat is the world's premier open source and Linux provider. Red Hat is headquartered in Raleigh, N.C. and has offices worldwide. Please visit Red Hat on the Web at www.redhat.com.

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