Brigham Young University Dean Joins Red Hat Board

5/15/2003 - Red Hat, Inc. (Nasdaq:RHAT), the world's premier open source and Linux provider, announced that W. Steve Albrecht, Associate Dean of the Marriott School of Management and Arthur Anderson Professor at Brigham Young University, has joined Red Hat's board of directors. Dr. Albrecht, a certified public accountant, certified internal auditor and certified fraud examiner, has consulted with a variety of Fortune 500 companies, major financial institutions, the United Nations, and the FBI.

"The exceptional business expertise and reputation of integrity possessed by Dr. Albrecht are well known," said Matthew Szulik, CEO and Chairman of Red Hat. "Dr.Albrecht has made contributions that will benefit and protect countless individuals. We are excited to have him as an advisor and contributor as we build our business responsibly and with social values in mind."

"Red Hat is lead by a team of executives with uncompromising principles," said Dr. Albrecht. "This is an example of a company who's success has been achieved with a straight-forward approach and I look forward to joining their board."

Chosen as one of the 100 most influential accountants in the United States by Accounting Today in 1997, 2001 and 2002, Dr. Albrecht has been recognized with numerous awards and honors. The most significant has been the Cressey Award from the Association of Certified Fraud Examiners, the highest honor given for a lifetime of achievement in fraud detection and deterrence. Dr. Albrecht has been the author and co-author on over 20 books and 80 professional journal articles on business fraud and other accounting-related topics. His textbooks on financial and managerial accounting principles are in their 8th editions. Dr. Albrecht holds a PhD, Accounting from the University of Wisconsin at Madison, an MBA from University of Wisconsin at Madison and a BS in Accounting from Brigham Young University.

About Red Hat, Inc.
Red Hat is the world's premier open source and Linux provider. Red Hat is headquartered in Raleigh, N.C. and has offices worldwide. Please visit Red Hat on the Web at

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