Rackspace CFO Bobby Molu resigns, Mark Marino promoted to CFO effective Jan 12; Q4 guidance reaffirmed

Rackspace Technology, Inc.

Bobby Molu resigns as EVP & CFO effective Jan 12, 2024; advisory role through Feb 23.
Mark Marino, previously CAO, appointed CFO effective Jan 12; reports to CEO.
Marino receives $530k base salary, $200k signing bonus, $3M RSUs + $1M PSUs (3-yr vest), 85% target bonus.
Company reaffirms Q4 2023 financial guidance from Nov 7, 2023; no new numbers disclosed.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Mark Marino

Chief Financial Officer

RXT · Rackspace Technology, Inc.

Effective: 2024-01-12
Filed: January 12, 2024, 6:59 PM ET

Effective January 12, 2024, the Company appointed Mr. Mark Marino as Chief Financial Officer.

Departed

Bobby Molu

Executive Vice President and Chief Financial Officer

RXT · Rackspace Technology, Inc.

Effective: 2024-01-12
Successor: Mark Marino
Filed: January 12, 2024, 6:59 PM ET

Mr. Naushaza "Bobby" Molu informed the Company of his intention to resign as Executive Vice President and Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Mark Marino was appointed as Chief Financial Officer at Rackspace Technology, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective January 12, 2024, the Company appointed Mr. Mark Marino as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Bobby Molu resigned as Executive Vice President and Chief Financial Officer at Rackspace Technology, Inc..

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Naushaza "Bobby" Molu informed the Company of his intention to resign as Executive Vice President and Chief Financial Officer

View on SEC.gov

Rackspace Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001810019-24-000005

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