IBM’s Red Hat names Matt Hicks, head of products and technologies, as president and chief executive officer, replacing Paul Cormier, who will serve as chairman (Brody Ford/Bloomberg)

Brody Ford / Bloomberg:
IBM’s Red Hat names Matt Hicks, head of products and technologies, as president and chief executive officer, replacing Paul Cormier, who will serve as chairman  —  IBM’s Red Hat named Matt Hicks, head of products and technologies, as its new leader, solidifying a bet that hybrid-cloud offerings will fuel the company’s growth.