New Crimson Hat CEO seems to be to maintain issues regular whereas placing personal mark on firm – TechCrunch


Crimson Hat introduced a brand new CEO final month when it promoted 16-year veteran Matt Hicks, who’s been on the job for a number of weeks now. His predecessor, Paul Cormier, stepped down to maneuver into the chairman position.

It’s by no means simple making a transition like this, however Hicks has Cormier, his longtime mentor, to lean on as he takes the Crimson Hat reins. In his new position, Hicks has to stroll the road between reassuring clients and staff that there might be stability within the firm’s management whereas transferring it ahead and placing his personal mark on issues.

For probably the most half, Hicks stated he’ll proceed on the identical path as Cormier. IBM has allowed Crimson Hat to be unbiased for probably the most half since buying it for $34 billion in 2018. IBM sells Crimson Hat companies to reap the benefits of its gross sales clout, however Crimson Hat has remained unbiased, with many companions apart from IBM.

As Cormier instructed me about his relationship with IBM CEO Arvind Krishna in a Could interview: “The way in which Arvind characterizes Crimson Hat is that IBM might be opinionated on Crimson Hat, however it may well’t work the opposite method round. So what which means is IBM has utterly standardized on Crimson Hat because the [company’s] hybrid platform,” Cormier stated.

Underneath Cormier, Crimson Hat helped IBM return to development after a protracted interval of stagnation. Large Blue’s income was up 9% in its most up-to-date earnings report final month. Crimson Hat grew 12% and has been a giant contributor to IBM’s development technique

It’s as much as Hicks to maintain that going whereas taking Crimson Hat wherever it’s going to go subsequent. I spoke to him just lately in regards to the transition to his new position and what it means for all events concerned, from clients and staff to mother or father firm IBM.