Red Hat co-founder resigns from board

Robert Young, who along with Marc Ewing founded Red Hat in 1994, has resigned from the top Linux seller's board, the company disclosed Tuesday in a regulatory filing. Young was chief executive during the company's initial public offering in August 1999, but named Matthew Szulik CEO a few months later and took over Young's post as chairman in 2002.

Since he left day-to-day activities at Red Hat, Young has been working on an online self-publishing company, Lulu.