Press Release Source: Red Hat, Inc.
Bob Young to Resign From Red Hat Board
Tuesday October 18, 4:25 pm ET
RALEIGH, N.C.--(BUSINESS WIRE)--Oct. 18, 2005--Red Hat (NASDAQ: RHAT -
News), the world's leading provider of open source to the enterprise,
announced today that Bob Young, co-founder and former executive of Red Hat,
has decided to resign from the Red Hat Board of Directors.
Young, who founded the company in 1993, served as an executive at Red Hat
until 1999. Since then he has been a member of Red Hat's Board of Directors.
Young plans to focus on the growth of Lulu.com, an online independent
publishing marketplace started in 2002.
"In a funny way, my resignation is perhaps the finest compliment I can pay
to everyone associated with Red Hat today, I have complete confidence in the
future of the company," said Young.
"Bob's vision for brand relevance in technology was instrumental in the
growth and development of Red Hat," said Matthew Szulik, Chairman and CEO of
Red Hat. "We are grateful for his vision and service to help guide our
direction as part of the Board of Directors and will miss his wise counsel
and insightful views on the direction of technology."
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