GNW-Adhoc: Rackspace Technology appoints experienced investment banker Thomas Cole as a member of the board of directors

^SAN ANTONIO, Oct. 04, 2023 (GLOBE NEWSWIRE) — Rackspace Technology

(https://www.rackspace.com/de)(®) (NASDAQ: RXT), a leading company for

end-to-end multicloud technology solutions, today announced the appointment of Thomas

Cole announced as a member of the Board of Directors. Cole is an accomplished one

Finance executive with an illustrious 37-year career at the

Wall Street.

?Mr. Cole brings a wealth of leadership skills and financial expertise

to Rackspace’s Board of Directors, making him a valuable addition

says Amar Maletira, Chief Executive Officer of Rackspace Technology.?The

Adding Mr. Cole to our Board of Directors will help strengthen our

Market position as a leading company for multicloud solutions continues to grow

consolidate.”

Cole has extensive experience in investment banking and has been 11 years

worked at Citibank for a long time, where he was co-head of leveraged finance

for the USA and Canada. He was responsible for the award, that

Underwriting and distribution of leveraged loans and high-interest loans

Bond financing for large corporate issuers as well as for the

Collaborate with U.S. regulators the Federal Reserve, FDIC and

the OCC.

Before joining Citibank, Cole worked at HSBC for two and a half years

and became co-head of the Commercial and Investment division

Banking for North and South America promoted. Cole was also with for 20 years

at Deutsche Bank in investment banking, especially in the areas

Customer service and origination, where he remained until his departure at the end of 2007

US Leveraged Finance Group.

“I am very pleased to join the Board of Directors of Rackspace Technology

and to work with the innovative leaders who are committed to the

Committed to developing solutions and services to help customers

“to support every stage of your journey to digital transformation.”

Cole.?Rackspace has a bright future and I look forward to it

Working with Amar and the team to explore opportunities to add value to

customers and all business stakeholders.”

Cole is currently managing partner and founder of the consulting firm

and consulting firm Narrowgate Partners. He is also a member of

Board member of several non-profit organizations. Cole attended Kelley School

of Business from Indiana University and graduated with a BS in

financial sciences. He also earned an MBA in accounting and

Finance at the University of Chicago Booth School of Business.

About Rackspace Technology

Rackspace Technology is a leading provider of end-to-end multicloud

services. We develop and operate our customers’ cloud environments

across all major technology platforms, regardless of the respective one

Technology stack or deployment model. We work with our customers in

every phase of your cloud development and help you develop your applications

to modernize, develop new products and innovative technologies

to introduce.

Media contact: Natalie Silva, [email protected]

A photo accompanying this announcement is available

at https://www.globenewswire.com/NewsRoom/AttachmentNg/99a8804a-

4c19-4e0a-8630-98ea5b25d0f5

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