Rackspace Technology Hires Bobby Molu as New CEO

SAN ANTONIO, Nov. 17, 2022 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT ), a leading end-to-end multi-cloud technology solutions company, today announced the appointment of Bobby Molu as Chief Financial Officer, Effective January 16, 2023. Molu is taking on the role of Rackspace Technology’s CFO after Amar Maletira’s appointment as CEO in September 2022.

“As we continue our transformation of Rackspace Technology, I am delighted to welcome Bobby to the company. He is an experienced financial executive with a proven track record of success,” said Amar Maletira, CEO, Rackspace Technology. Bobby’s global experience and 20-year career spanning numerous financial leadership roles in the technology industry, combined with his strong operational background will be key to our execution strategy and new operating model, positioning Rackspace for the long-term multi-cloud market potential . ”

Prior to joining Rackspace Technology, Molu served as Chief Financial Officer for International Markets at Mastercard, overseeing Europe, Asia Pacific, Middle East, Africa, Latin America and the Caribbean. Prior to that, Molu was Chief Financial Officer of Mastercard Asia Pacific.

Prior to Mastercard, Molu spent 15 years at Hewlett-Packard Corporation in various finance roles, including CFO of Aruba Networks, where he led the integration of Aruba’s HP Enterprise acquisition while driving cost efficiencies and revenue growth.

Prior to this role, Molu was Chief Financial Officer for Asia Pacific and Japan Corporate Services, where he led the region to its largest year-over-year profit growth ever. Molu has also worked in Australia and New Zealand where he successfully led the transformation of the largest sub-region in Asia Pacific. Prior to HP, Molu held various finance positions of increasing responsibility within IBM Global Services.

“I am excited to join a preeminent leader in multi-cloud solutions and to work with Amar and the leadership team to accelerate our path to profitable revenue growth,” said Molu. “Rackspace Technology is customer-first, cloud-first, and its strong brand , dedicated employee base and world-class partner ecosystem enable it to execute on its forward-looking strategy and capture multi-cloud market opportunities.”

About Rackspace Technologies
Rackspace Technology is a leading end-to-end multi-cloud technology services company. We can design, build and operate our clients’ cloud environments across all major technology platforms, regardless of technology stack or deployment model. We work with customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.

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Natalie Silva

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ae2feb10-a50f-4956-a8e8-674925392687

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