Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that the company’s president and CEO, Jim Whitehurst, has been awarded the 2014 William C. Friday Award by North Carolina State University's Park Scholars. The William C. Friday Award, established in 2000, is named after the former president of the University of North Carolina. The annual award is presented by the senior class of Park Scholars, North Carolina State University’s merit scholarship program, and honors Friday’s dedication and excellence in leadership, scholarship, service and character. Whitehurst is an avid advocate for open source software as a catalyst for business innovation. With a background in business development, finance, and global operations, Whitehurst has proven expertise in helping companies flourish—even in the most challenging economic and business environments. Under his leadership, Red Hat was ranked 4th on Forbes’ list of “The World’s Most Innovative Companies” in 2012, was added to Standard and Poor’s (S&P) 500 stock index in 2009, and named one of the best places to work in 2014 by Glassdoor. Past recipients of the William C. Friday Award include Mr. Friday himself; North Carolina State University Chancellor Emeritus Larry Monteith; General H. Hugh Shelton; noted historian John Hope Franklin; SAS leaders Ann and Jim Goodnight; Geomagic CEO Ping Fu; Special Olympics of North Carolina CEO and president Keith L. Fishburne; Ambassador James A. Joseph, and Principal Chief of the Eastern Band of Cherokee Michell Hicks. Supporting Quotes Alex Chin, chair, Park Scholarships William C. Friday Award Committee, N.C. State University "On behalf of the Park Scholarships William C. Friday Award Committee, we congratulate Mr. Whitehurst on being named the 2014 recipient of the William C. Friday Award. From a long list of candidates, we chose Mr. Whitehurst because he emulates excellence in leadership, scholarship, character, and service. It's an honor to get to recognize him and all of his accomplishments."