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SAN ANTONIO - Rackspace Technology (NASDAQ:RXT), currently valued at $336 million in market capitalization, announced Tuesday the appointment of Gajen Kandiah as Chief Executive Officer, effective September 3, 2025.
Kandiah will succeed Amar Maletira, who has served as CEO since September 2022 and will transition to Vice Chairman of the Board while remaining a board member.
The new CEO brings experience across services, infrastructure, software, and AI sectors. He previously served as President and Chief Operating Officer of Hitachi Digital, where he integrated AI across industrial and enterprise portfolios, and as CEO of Hitachi Vantara, leading digital infrastructure, software, and services operations.
Before his tenure at Hitachi, Kandiah spent 16 years at Cognizant, helping to build and scale industry BPO and digital engineering businesses as the company grew from $368 million to over $16 billion during his time there.
Under Kandiah’s leadership, Rackspace will continue advancing its AI-first multicloud strategy, focusing on delivering cloud solutions across private, public, and sovereign environments.
"I am honored to lead Rackspace Technology and its exceptional team of Rackers," said Kandiah. "As industries take AI to production, they need the governed multicloud operations that our talented teams design, build, and operate."
Jeffrey Benjamin, Chairman of the Rackspace Board, stated that Kandiah’s experience aligns with the company’s strategy to deliver secure multicloud solutions with improved reliability, security, and time to value.
The announcement was made in a company press release issued Tuesday.
In other recent news, Rackspace Technology reported its second-quarter 2025 earnings, showing a wider-than-expected loss per share but slightly exceeding revenue expectations. The company posted an earnings per share (EPS) of -$0.06, which was below the forecasted -$0.04. However, Rackspace’s revenue reached $666.3 million, surpassing the anticipated $661.96 million. BMO Capital has adjusted its price target for Rackspace Technology to $1.40 from $1.75, maintaining a Market Perform rating. The firm noted that the company’s June quarter performance was solid against low expectations, with a year-over-year constant currency decline of 3.2%, an improvement from the previous quarter’s 3.7% decline. Additionally, Shashank Samant, a director at Rackspace Technology, has resigned from the company’s board, a decision not linked to any disputes with the company. These developments reflect the company’s ongoing adjustments and market evaluations.
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