Red Hat Names Tech Industry Veteran as Financial Chief

By Tess Stynes 

Red Hat Inc. named technology industry veteran Frank Calderoni as its new chief financial officer starting next month, succeeding Charlie Peters who is retiring.

Mr. Peters, whose retirement was announced in December, has been Red Hat's financial chief since 2004.

Red Hat Chief Executive Jim Whitehurst said Mr. Calderoni will come aboard as the open-source software provider aims to "go from revenues approaching $2 billion to $10 billion and beyond."

The company, which has reported robust revenue increases lately, is known for its enterprise Linux OpenStack platform, but also has posted solid growth for its so-called middleware offerings and has expanded its storage technology business.

Mr. Calderoni's experience includes serving as finance chief at Cisco Systems Inc. for seven years and most recently served as an executive adviser. His other experience includes leading finance teams at QLogic Corp., SanDisk Corp. and International Business Machine Corp.

Write to Tess Stynes at [e-mail]

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