Shashank Samant Appointed as the Lead Director of Rackspace Technology
Rackspace Technology (NASDAQ: RXT) announced the appointment of Shashank Samant as the Lead Director of its Board of Directors, effective November 9, 2022. With over 30 years of experience in technology services, including a CEO role at GlobalLogic, he brings significant expertise in digital transformation. Samant plans to invest up to $2.5 million in Rackspace stock, indicating confidence in the company's future. His leadership is expected to enhance Rackspace's strategy in the cloud market and digital technology services.
- Shashank Samant appointed as Lead Director, enhancing the Board's expertise.
- Samant's past leadership at GlobalLogic, leading it to $1.5B in sales, showcases growth potential.
- Planned investment of up to $2.5 million in Rackspace stock indicates strong confidence.
- None.
SAN ANTONIO, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end multicloud technology solutions company, today announced the appointment of Shashank Samant as the Lead Director of its Board of Directors, effective as of November 9, 2022.
Mr. Samant has substantial global technology services industry experience, with particular expertise in the software and digital products verticals. He has served on the Rackspace Technology board since October 19, 2021.
“Shashank and I have known each other for many years. Over the past year, we have worked closely together on Rackspace Technology's strategy and operating model. I am pleased that I can now count on his more active engagement in shaping the Rackspace story as the Lead Director for our Board. Shashank is a dynamic, seasoned executive who specializes in the Digital Technology Services business and the cloud market. The entire Company will benefit from his increased focus and broad experience in Cloud and Digital businesses,” said Amar Maletira, Director, and CEO of Rackspace Technology.
Mr. Samant has over 30 years of technology, product development and services experience, and most recently served as President and Chief Executive Officer of GlobalLogic, a Hitachi Group Company. Under his leadership GlobalLogic scaled to
In conjunction with his appointment, Mr. Samant also plans to invest up to 2.5 million dollars in Rackspace Technology’s stock.
About Rackspace Technology
Rackspace Technology is a leading end-to-end multi-cloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.
Investor Relations Contact: Robert Watson, ir@rackspace.com
Media Contact: Natalie Silva, publicrelations@rackspace.com
A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/150f92b5-ab66-4fb8-aecf-1d50ae8f7309
FAQ
Who is the new Lead Director of Rackspace Technology?
What is Shashank Samant's experience?
When did Shashank Samant start his role as Lead Director?
How much is Shashank Samant investing in Rackspace Technology?
What impact does Samant's appointment have on Rackspace Technology?
