Rackspace Technology hires Bobby Molu as the new boss

SAN ANTONIO, Nov. 17, 2022 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT) — a leading end-to-end multicloud technology solutions company, today announced the appointment of Bobby Molu as Chief Financial Officer, effective as of January 16, 2023. Molu serves as CFO of Rackspace Technology following the appointment of Amar Maletira as Chief Executive Officer in September 2022.

“As we continue the transformation of Rackspace Technology, I am thrilled to welcome Bobby to the company. He is a seasoned financial executive with a strong track record of success,” said Amar Maletira, CEO, Rackspace Technology. He will be key as we execute our strategy and new operating model, positioning Rackspace on the potential of the multicloud market for the long term.”

Molu joins Rackspace Technology from Mastercard, where he was Chief Financial Officer of International Markets, overseeing the Europe, Asia Pacific, Middle East, Africa, Latin America and Caribbean markets. Prior to this role, Molu was Chief Financial Officer, Asia Pacific region at Mastercard.

Prior to joining Mastercard, Molu spent 15 years at Hewlett-Packard in a variety of finance roles, including Chief Financial Officer of Aruba Networks, where he led the integration of Hewlett-Packard Enterprise’s acquisition of Aruba , driving cost efficiency and revenue growth.

Prior to this role, Molu was Chief Financial Officer for Enterprise Services – Asia Pacific & Japan, where he led the region to the largest year-over-year earnings improvement performance. Molu has also spent time in Australia and New Zealand, successfully leading the turnaround of the larger Asia Pacific sub-region. Prior to Hewlett-Packard, Molu held a variety of finance roles with increasing responsibilities at IBM Global Services.

“I am delighted to join the preeminent leader in multicloud solutions and to work with Amar and the leadership team to accelerate the path to profitable revenue growth,” said Molu. “Rackspace Technology’s customer and cloud focus, coupled with its strong brand, committed employee base, and world-class partner ecosystem make it ready to execute on its forward strategy and seize the opportunity multicloud market”.

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

Contact with the media
Natalia Silva
[email protected]

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

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