“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.”