New Pink Hat CEO appears to be like to maintain issues regular whereas placing personal mark on firm – TechCrunch


Pink 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 function.

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 Pink Hat reins. In his new function, Hicks has to stroll the road between reassuring prospects and workers that there might be stability within the firm’s management whereas shifting it ahead and placing his personal mark on issues.

For essentially the most half, Hicks mentioned he’ll proceed on the identical path as Cormier. IBM has allowed Pink Hat to be impartial for essentially the most half since buying it for $34 billion in 2018. IBM sells Pink Hat companies to benefit from its gross sales clout, however Pink Hat has remained impartial, with many companions apart from IBM.

As Cormier advised me about his relationship with IBM CEO Arvind Krishna in a Might interview: “The best way Arvind characterizes Pink Hat is that IBM might be opinionated on Pink Hat, however it could’t work the opposite means round. So what meaning is IBM has fully standardized on Pink Hat because the [company’s] hybrid platform,” Cormier mentioned.

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

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


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