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BW: Red Hat Names Gene McDonald to Board of Directors...

Aug 03, 2000, 20:33 (0 Talkback[s])

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"Red Hat, Inc. (Nasdaq:RHAT), the leader in open source Internet infrastructure solutions, today announced that Gene McDonald, a seasoned executive with broad experience in finance and investment management, has joined its board of directors. McDonald is President of Duke Management Company (DUMAC), the asset management division of Duke University, and executive vice president of Duke University. As part of Red Hat's board, McDonald will help to develop strategic initiatives for the leader in the open source marketplace."

"Gene's many years of experience in investment and asset management make him an ideal contributor to Red Hat's future success," said Matthew Szulik, CEO of Red Hat. "Gene's unique combination of financial management expertise, coupled with a background in law, will be a strong asset to our board as we move forward with Red Hat's plans for continued growth and sustained leadership in the open source market."

"Being so close to Red Hat for several years, I have followed the company's development from a start-up to the undisputed leader in open source," said Gene McDonald. "With its focus on providing open source solutions for Internet infrastructure, Red Hat is well-established as the leader of open source products and services. As a member of the board, I look forward to helping to sustain Red Hat's position in the market and to effectively manage its financial initiatives."

Press Release