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Red Hat chair Matt Szulik stepping down

May 27th, 2010

RedHatRESEARCH TRIANGLE, NC – Matthew Szulik, chair and former CEO of open source Linux provider Red Hat, (NYSE:RHT) has submitted a letter of resignation saying he will not stand for re-election when his current term ends Aug. 12. The company disclosed Szulik’s resignation letter in a filing with the U.S. Securities and Exchange Commission this week.

Szulik, who has sold more than 1 million shares of Red Hat stock in April for a considerable profit, stepped down as CEO of the company in 2007.

In his resignation letter, Szulik said he wants more time and energy available to devote to his family and some of his personal interests outside of Red Hat.

He noted that his decision is “Not the result of any disagreement with or concerns about Red Hat, the board or company management on any matters.”

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