Rackspace Technology Appoints Bobby Molu as Chief Financial Officer

SAN ANTONIO, Texas , Nov. 18, 2022 (GLOBE NEWSWIRE) — Rackspace 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 takes over as 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 Mr. Molu to the company. He is an experienced finance executive with a solid track record,” said Amar Maletira, CEO of Rackspace Technology. “Mr. Molu’s global experience and two-decade career in numerous financial leadership roles in the technology industry 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 the Europe, Asia Pacific, Middle East, Africa, Latin America and Caribbean markets. Molu previously served as 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 serving as Chief Financial Officer of Aruba Networks, where he led Hewlett-Packard Enterprise’s integration of Aruba’s acquisition while driving cost efficiencies and revenue growth .

Previously, Molu was Chief Financial Officer for Enterprise Services – Asia Pacific and Japan, where he led the region to the largest year-over-year earnings growth ever. Molu also spent time in Australia and New Zealand where he successfully led the turnaround of the largest sub-region in Asia Pacific. Prior to Hewlett-Packard, Molu worked in a variety of finance roles of increasing responsibility at IBM Global Services.

“I’m excited to be joining the leading multicloud solution provider and driving 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 on its forward strategy and capitalize on the multicloud market opportunity.”

About Rackspace Technology
Rackspace Technology  is a leading provider of end-to-end multicloud services. We build and operate our customers’ cloud environments across 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.