Business software company Red Hat has clarified that long-time chief technology officer Brian Stevens is leaving the business for a new job elsewhere.
"Brian has a new job lined up, but I cannot provide further details," spokeswoman Stephanie Wonderlick said in an e-mail Friday.
The clarification came in the wake of published speculation that friction between Stevens and Paul Cormier, president of products and technologies at Red Hat, triggered his exit.
"There is no truth to the speculation - we truly wish Brian the best," Wonderlick said.
Raleigh-based Red Hat's announcement that Stevens is departing as of Sept. 5, issued earlier this week, didn't specify a reason.
Steven Ashley, an analyst at Robert W. Baird & Co., said of Stevens' upcoming departure: "The inference I'm getting is that he has a better opportunity and that it will be announced soon. I'm assuming he will assume a higher organizational role" at his new company.
Stevens' move is "a loss" for the company, Ashley added. "He is a very talented person,."
Red Hat also has filed Steven's written resignation, which he submitted via an e-mail message to CEO Jim Whitehurst dated Aug. 22, with the Securities and Exchange Commission.
"Per our conversation last night, I am resigning as CTO & EVP from Red Hat," Stevens wrote. "My last day will be September 5, 2014, but should you deem earlier or later is better I'll support that."
Stevens added: "Thanks for everything you have done for me, personally and professionally."
Cormier will act as interim CTO after Stevens departs.