On September 2, 2025, Rackspace Technology, Inc. announced the appointment of Gajen Kandiah as CEO, effective September 3, 2025, succeeding Amar Maletira, who will remain as non-employee Vice Chairman until September 30, 2025. Kandiah will receive a $1 million salary with a target bonus of 150% and is granted 4 million restricted stock units and 6 million stock options, vesting over four years.