Red Hat Cofounder Bob Young has resigned from the Red Hat Board of Directors. The former Red Hat executive who founded the company in 1993, served as an executive at Red Hat until 1999. Since then he has been a member of Red Hat’s Board of Directors. Young plans to focus on the growth of, an online independent publishing marketplace started in 2002.

“In a funny way, my resignation is perhaps the finest compliment I can pay to everyone associated with Red Hat today, I have complete confidence in the future of the company,” said Young.

“Bob’s vision for brand relevance in technology was instrumental in the growth and development of Red Hat,” said Matthew Szulik, Chairman and CEO of Red Hat. “We are grateful for his vision and service to help guide our direction as part of the Board of Directors and will miss his wise counsel and insightful views on the direction of technology.”