Red Hat names Charlie Peters as CFO

Raleigh, NC: Peters, a CPA, brings over 30 years of financial leadership including 20 years in publicly traded companies. Most recently Peters held the position of chief financial officer with multi-national Burlington Industries. Peters'' responsibilities as chief financial officer at Red Hat will include accounting, finance, treasury, tax, credit and investor relations.

According to Matthew Szulik, chairman and chief executive officer, "Charlie is a seasoned professional with a unique depth and breadth of experience in international finance and publicly traded companies that will help lead Red Hat''s next phase of growth."

Peters began his career with Price Waterhouse in 1973, serving in Boston and London in the audit division. In 1982, he joined GenRad, Inc, an NYSE-listed multi-national manufacturer of scientific test equipment where he served as chief financial officer for six years. In 1991 he joined NYSE-listed Boston Edison Company, a $1.5 billion electric power company serving the Boston area. He was senior vice president-finance of Boston Edison Company from 1991 to 1995.

"Red Hat and open source will continue to make a global impact on how enterprises consume software," said Peters. "This is an outstanding opportunity. I am pleased to be part of the Red Hat management team and look forward to helping to lead the organization in realising its market potential."