Red Hat names longtime exec as new president and CEO

Red Hat has named a new CEO to lead the Raleigh-based company as Jim Whitehurst takes a larger role with IBM. Paul Cormier, formerly Red Hat's president of Products and Technologies, has been named president and CEO, the company announced Monday. He's been with the open–source company since 2001. Whitehurst was named president of IBM (NYSE: IBM) in January following Big Blue's $34 billion buy of Red Hat last year. In a statement, Cormier, who is credited with expanding Red Hat's product offerings…