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Rackspace Technology shares fall 1.41% after-hours following CEO appointment announcement.
ByAinvest
Tuesday, Sep 2, 2025 5:23 pm ET1min read
Rackspace Technology, Inc. declined 1.41% in after-hours trading, following the announcement that Gajen Kandiah has been appointed as the new Chief Executive Officer, effective September 3, 2025. Mr. Kandiah's leadership is expected to advance the company's AI-first multicloud strategy, which may have caused investor uncertainty or concern about the transition, leading to the stock's decline.
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