Strategic leadership additions position company to unlock growth and speed customer success
San Antonio, TX, November 17, 2025 – Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI solutions company, today announced the appointment of Lata Varghese as Senior Vice President of Business Transformation and Phani Kishore Burre, as Senior Vice President of Services and Delivery for the Public Cloud business unit.
Lata Varghese brings extensive leadership experience in technology services, CXO advisory and business transformation. At Cognizant, she managed global P&L responsibilities and spearheaded the incubation and growth of emerging technology consulting practices. Her domain expertise spans financial services, digital banking, payments, blockchain, and digital assets. Most recently, as Head of Solutions for the Americas at Randstad Digital, Lata played a key leadership role in the company’s transformation from an onsite-centric talent company to a global tech solutions firm.
Phani Kishore Burre joins Rackspace with more than two decades of experience driving IT transformation for Fortune 100 clients across retail, healthcare, financial services, and life sciences. At Brillio, he served as Managing Director and Global Practice Head for Digital Infrastructure, delivering significant growth and helping customers accelerate cloud adoption and modernization strategies. His leadership enabled Fortune 500 companies to integrate AI and Generative AI technologies into their digital transformation journeys.
“Customers are working through rapid change and want a partner that delivers speed, innovation, and certainty,” said Gajen Kandiah, CEO of Rackspace Technology. “Lata and Phani bring strong operating and delivery experience that fits where Rackspace is headed. They will focus on strengthening our operating model, improving EXECution, and turning AI and hybrid cloud into practical outcomes for our clients. With their leadership, Rackspace will advance its transformation and deliver value across core, cloud, and edge.”
About Rackspace Technology
Rackspace Technology is a leading end-to-end, hybrid and AI solutions 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.
Media Contact:
Cheryl Amerine, publicrelations@rackspace.com
Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at
www.rackspace.com.
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally relate to future events and can be identified by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continues,” “anticipate,” “intend,”
“could,” “would,” “project,” “plan,” “expect,” “is putting,” “designed to,” or the negative of such terms or other similar expressions, although not all forward-looking statements
contain these words.
These statements include, but are not limited to, Rackspace Technology’s relationship with NVIDIA and the NVIDIA Cloud Partner Program, its Enterprise AI Cloud strategy,
the anticipated capabilities, benefits and timing of its Institutional Sovereign Pod architecture, Rackspace’s outlook on the AI industry and its ability to deliver, operate, and
scale AI infrastructure and solutions for regulated, institutional and sovereign enterprises. Forward-looking statements are based on current expectations and assumptions
and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation: Rackspace's ability to realize the anticipated
benefits of its relationship with NVIDIA and the NCP program; the availability, cost, and timing of deployment of NVIDIA and other third-party technology; Rackspace's ability
to develop, market, and scale the Institutional Sovereign Pod and related offerings on the anticipated timeline or at all; market acceptance of and demand for sovereign and
governed AI infrastructure solutions; competition in the AI infrastructure and cloud services markets; capital expenditure requirements associated with AI infrastructure
buildout; availability of financing for the AI infrastructure buildout on terms acceptable to Rackspace; Rackspace’s reliance on a limited number of technology partners,
including NVIDIA; cybersecurity, data privacy, and regulatory compliance risks associated with serving regulated and sovereign customers; general economic and industry
conditions; and other risks and uncertainties described in Rackspace's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q. Rackspace undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
