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 tess.stynes@wsj.com
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