| CEO Name | Matt Hicks |
| Nationality | United States |
| Net Worth Estimation | $10 million |
Matt Hicks' estimated net worth of around $10 million is attributed to his executive compensation, stock awards from Red Hat and IBM, and over two decades of progressive leadership roles in software and technology. His net worth reflects accumulated salary, bonuses, vested equity grants, and possible incentive payouts since becoming CEO in 2022.
Matt Hicks' estimated net worth of $10,000,000 is at the minimum end (0.13%) of the typical $10 million to $8 billion range for software company CEOs. His net worth positions him far below the sector's highest earners.
Business Category: Software
Minimum Net Worth (estimation): 10000000 USD
Maximum Net Worth (estimation): 8000000000 USD
Matt Hicks Performance in Red Hat, Inc. (an IBM Company)
Matt Hicks, CEO of Red Hat, Inc. (an IBM Company), demonstrates strategic leadership by driving innovation and fostering a culture of open-source collaboration. His decision-making emphasizes scalable growth and integration within IBM's enterprise ecosystem, enhancing Red Hat's competitive positioning. Under his leadership, the company has significantly improved operational performance and market expansion, solidifying its role as a leader in hybrid cloud solutions.
Latest News
Red Hat, Inc. (an IBM Company) and CEO Matt Hicks: Latest News
Red Hat operates as a distinct unit within IBM's Hybrid Cloud team, with Matt Hicks serving as CEO since July 2022. Under IBM CEO Arvind Krishna, IBM focuses on high-margin software growth, leveraging Red Hat's cloud and AI capabilities, even amid recent workforce reductions to align with evolving AI-driven cloud demands. Jim Whitehurst, former Red Hat CEO, was also named IBM's president, signaling deep integration of Red Hat leadership into IBM's strategy.
Source: http://allwork.space/2025/11/ibm-to-lay-off-thousands-in-push-for-higher-margins-in-ai-and-cloud-businesses/