Co-founder Resigns from Red Hat Board of Directors

 
 
By Chris Preimesberger  |  Posted 2005-10-19 Email Print this article Print
 
 
 
 
 
 
 

Bob Young calls his move "perhaps the finest compliment" he could pay to "everyone associated with" Red Hat.

Red Hat Inc. co-founder and former CEO Bob Young, 50, has resigned from the board of directors of the enterprise Linux company he co-founded with Mark Ewing. The resignation was official Oct. 12, but Red Hat chose to release the information Tuesday. Young leaves Red Hat in good shape. The 12-year-old company, based in Raleigh, N.C., is profitable and ranks first in enterprise Linux market share (at around 52 percent), ahead of Novell SuSE, Debian, Cobalt, Mandriva and Gentoo, according to IT analytical firm Netcraft.
Young served as CEO at Red Hat from 1995 to 1999, when he joined the companys board.
He says he has no intention of retiring from business; Young plans to concentrate on the development of his latest venture, Lulu.com, an independent online publishing marketplace he started three years ago. Lulu.com is a site that allows content creators and owners to bring work directly to market without surrendering control of their intellectual property. Young also owns the Hamilton Wildcats, a Canadian Football League franchise.
"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. Young said that one of the reasons hes leaving the Red Hat board is because it was taking too much time away from the development of his new project and from running the football team. Red Hat Chairman and CEO Matthew Szulik said that "Bobs vision for brand relevance in technology was instrumental in the growth and development 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." To read more about Red Hats recent cash flow reports, click here. Young, who often refers to himself as a "serial entrepreneur," is a native of Ancaster, Ontario, Canada, and a 1976 graduate of the University of Toronto. He is a founder of The Center for the Public Domain (1999), a nonprofit foundation that supports the growth of a public domain of knowledge and the arts. Check out eWEEK.coms for the latest open-source news, reviews and analysis.
 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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