Red Hat Appoints Frank Calderoni as CFO

Frank Calderoni has joined Red Hat as executive vice president, operations and chief financial officer.

Most recently, Calderoni served as executive vice president and CFO at Cisco Systems for seven years. From 2004 through 2014, he managed the financial strategy and operations of a company with more than 72,000 employees and total revenue for fiscal year 2014 of $47 billion. During his tenure at Cisco, the company went from $22 billion in revenue to $47 billion, and grew annual profits from $0.62 per share to $1.49 per share. With more than 30 years of experience, he has led high-performing finance organizations at global software and technology companies including Cisco, QLogic Corp., SanDisk Corp., and IBM.

Calderoni succeeds Red Hat executive vice president and CFO Charlie Peters, whose planned retirement was announced in December 2014, and who will remain with Red Hat until July 31.

http://www.redhat.com