Rackspace has had five CEOs since being acquired by private equity giant Apollo Global Management in 2016.
Rackspace Technology CEO Kevin Jones has stepped down and is being replaced by Amar Maletira, the company's chief financial officer, the Windcrest-based company announced Monday.Rackspace Technology’s board of directors has appointed Amar Maletira to be its new CEO, replacing Kevin Jones, who has departed the company.
Maletira joined the company in November 2020. Previously he served in executive roles at various technology companies, including 13 years at Hewlett Packard.Want the news delivered for free every morning?Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again.
Apollo Global Management is a private equity giant that bought the company in 2016 in a $4.3 billion deal.Rackspace has grappled with growing losses in recent years and is looking to. Earlier this year it floated selling the entire company following “inbound interest” but ultimately cast that plan aside.
Leadership inside the company has expressed optimism that investments in both growing markets will pay dividends down the road.
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