“As we continue the transformation of Rackspace Technology, I am thrilled to welcome Bobby to,” Maletira said in a statement. “Bobby’s global experience and a career spanning two decades in numerous financial leadership roles in the technology industry combined with his strong operational background will be key as we execute our strategy and new operating model.”Rackspace names new CEO, effective immediately.
Public clouds are subscription services shared with customers over the internet. A private cloud is a service controlled by one business or organization. It also forecast that fourth-quarter revenue would reach $772 million to $782 million, roughly in line with analysts’ expectations. Maletira also announced the hiring of Shashank Samant as lead director of its board of directors. Samant, who has been on the company’s board since October 2021, will also be an adviser to Apollo Global Management, which is the company’s largest shareholder.Rackspace, founded in 1998, first entered the public market as a website hosting company a decade later before losing a majority of its market value to heavyweight Amazon.
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