IBM's Red Hat names Matt Hicks, head of products and technologies, as president and chief executive officer, replacing Paul Cormier, who will serve as chairman (Brody Ford/Bloomberg)

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Brody Ford / Bloomberg:

IBM’s Red Hat names Matt Hicks, head of products and technologies, as president and chief executive officer, replacing Paul Cormier, who will serve as chairman  —  IBM’s Red Hat named Matt Hicks, head of products and technologies, as its new leader, solidifying a bet that hybrid-cloud offerings will fuel the company’s growth.



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