Rackspace Technology hires Bobby Molu as new boss

SAN ANTONIO, Nov. 17, 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, effective as of January September 2023. Molu will assume the position of CFO of Rackspace Technology following the appointment of Amar Maletira as Chief Executive Officer in September 2022.

“As we continue to transform Rackspace Technology, I am delighted to welcome Bobby to the company. He is an experienced finance executive with a solid track record,” said Amar Maletira, CEO of Rackspace Technology. “Bobby’s global experience and a career spanning two decades in numerous finance leadership roles in the technology industry combined with his strong operational background will be critical as we execute our strategy and new operating model, and position Rackspace for the long-term multicloud market potential.”

Molu comes to Rackspace Technology from Mastercard, where he was Chief Financial Officer of International Markets, overseeing the markets for Europe, Asia Pacific, the Middle East, Africa, Latin America and the Caribbean. Prior to this role, Molu was 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 Chief Financial Officer of Aruba Networks, where he led Hewlett-Packard Enterprise’s integration of the Aruba acquisition while driving cost efficiencies and revenue growth .

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

“I am very excited to join the pre-eminent leader in multicloud solutions and to work with Amar and the leadership team to accelerate the path to profitable revenue growth,” said Molu, driven by its strong brand, dedicated workforce and world-class partner ecosystem ready to execute on its go-forward strategy and seize the opportunity in the multicloud market.”

About Rackspace Technology
Rackspace Technology is a leader in end-to-end multi-cloud technology services. We can design, build and operate our clients’ 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 journey, enabling them to modernize applications, create new products and introduce innovative technologies.

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

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