BusinessNewsOpen Source

Red Hat Sacks CFO Over Alleged Workplace Standards Violation

0

Red Hat has sacked its finance chief Eric Shander for allegedly violating workplace standards. Shander, who was appointed CFO at IBM-owned open source vendor in April 2017, was shown the door without pay, said a report by the Wall Street Journal.

During fiscal year 2019, Shander had received $3.8 million in total compensation. The report further added that the now former CFO missed out on a cash retention award worth $4 million as he could not complete 12 months with Red Hat following the close of IBM merger.

Red Hat is yet to make any official statement about this firing related to workplace standards. The company has also taken off a page on its website that earlier hosted the profile of Shander, said another report by ITWire.

In his previous stint, Shander was associated with IBM and Lenovo Group for various finance roles before joining Red Hat in the year 2015.

Get latest updates in your inbox, subscribe to our daily newsletter.