SAN ANTONIO, Texas, Nov. 18, 2022 (GLOBE NEWSWIRE) — Rack space technology (NASDAQ: RXT), a leader in end-to-end multicloud technology solutions, today announced the appointment of Bobby Molu as Chief Financial Officer announced effective January 16, 2023. Molu assumes the position of CFO of Rackspace Technology after Amar Maletira was appointed Chief Executive Officer in September 2022.
“We continue to transform Rackspace Technology and I am delighted to welcome Molu to the company. He is a seasoned financial executive with solid track record,” he said Love Maletira, CEO of Rackspace Technology. “Mr. Molu’s global experience and 20-year career in numerous finance leadership roles across the technology sector, combined with his strong operational background, will be instrumental in executing our strategy and new operating model to position Rackspace for the long-term multicloud market potential to position.
Molu joins Rackspace Technology from Mastercard, where he was Chief Financial Officer of International Markets, responsible for Europe, Asia Pacific, Middle East, Africa, Latin America and Caribbean markets. Molu was previously chief financial officer for the Asia-Pacific region at Mastercard.
Prior to joining Mastercard, Molu spent 15 years at Hewlett-Packard in various finance roles, including as Chief Financial Officer of Aruba Networks, where he led the Hewlett-Packard Enterprise integration of the Aruba acquisition , driving cost efficiency and revenue growth.
Previously, Molu was Chief Financial Officer for Enterprise Services – Asia Pacific & Japan, where he led the region to the largest year-over-year earnings growth ever. Molu has also spent time in Australia and New Zealand, where he successfully led the turnaround of the largest Asia Pacific sub-region. Prior to Hewlett-Packard, Molu held various finance roles of increasing responsibility at IBM Global Services.
“I am thrilled to join the leading multicloud solution provider and drive profitable revenue growth with Amar and the leadership team,” said Molu. “Rackspace Technology’s customer and cloud focus, combined with its strong brand, dedicated workforce, and world-class partner ecosystem, makes the company an ideal partner to execute its future strategy and capitalize on ‘multicloud market opportunity’.
About Rackspace technology
Rack space technology is a leading provider of end-to-end multicloud services. We build and operate our customers’ cloud environments on all major technology platforms, regardless of technology stack or deployment model. We work with our customers at every stage of their cloud development, helping them modernize their applications, develop new products and introduce innovative technologies.