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Rackspace Technology shares fall 3.94% intraday after appointing new CEO Gajen Kandiah.
ByAinvest
Wednesday, Sep 3, 2025 11:27 am ET1min read
Rackspace Technology, Inc. declined 3.94% in intraday trading, following the announcement of a new Chief Executive Officer, Gajen Kandiah. The company's Board of Directors appointed Mr. Kandiah to advance its AI-first multicloud strategy, which may have caused investor uncertainty or concern about the transition.
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