SAN ANTONIO, April  08, 2026  (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointments of Paul Soligon as Senior Vice

Rackspace Technology Appoints Paul Soligon and Marco Tesini to Senior Leadership Roles

Rackspace Technology Strengthens Leadership to Capitalize on AI Demand

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    <h3>Information</h3>
    <p>SAN ANTONIO, April  08, 2026  (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointments of Paul Soligon as Senior Vice</p>
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    <h3>AI Summary</h3>
    <p>Rackspace Technology has appointed Paul Soligon and Marco Tesini to enhance operations and international growth, directly addressing rising demand for AI solutions. Their extensive backgrounds in technology and enterprise solutions position Rackspace to improve customer retention and accelerate global expansion, likely boosting future revenue. This corporate restructuring is aimed at capturing significant market opportunities in enterprise AI and private cloud services.</p>
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    <h3>Key Points</h3>
    <ul><li>Rackspace appoints Paul Soligon and Marco Tesini to senior positions.</li><li>Soligon to lead operations and customer success, enhancing analytics focus.</li><li>Tesini aims to expand international markets and deepen customer relationships.</li><li>Company sees increased demand for AI-driven solutions and private cloud services.</li><li>CEO cites new hires as a response to rapid market growth for AI.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>Amazon Web Services (AMZN)</strong>: AWS&#039;s significance in cloud services may enhance competitive positioning for RXT.</li><li><strong>Hitachi Vantara (HITACHI)</strong>: Previous achievements of Tesini could indicate a strong growth trajectory for RXT.</li></ul>
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    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it highlights key leadership appointments aimed at strategic growth. These changes are crucial for adapting to demand in the hybrid cloud and AI sectors, fitting with current industry trends.</p>
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    <h3>Market-Moving</h3>
    <ul><li>New senior appointments could stimulate improved operational efficiency and customer retention.</li><li>Increased focus on AI solutions positions RXT to capture larger market share.</li><li>Potential revenue growth from enhanced international business strategies led by Tesini.</li><li>Strengthened leadership may boost investor confidence and stock performance.</li></ul>
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    <h3>Key Facts</h3>
    <ul><li>Paul Soligon has over 25 years in tech, previously at AWS with $2.2B revenue responsibility.</li><li>Marco Tesini previously led significant growth at Hitachi Vantara for over 25 years.</li><li>Rackspace is seeing growing demand for AI-driven private cloud solutions.</li><li>Appointments were announced on April 8, 2026.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>RXT presents a bullish opportunity as leadership changes may drive growth in revenue and market share within the next 12 months.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>SAN ANTONIO, April  08, 2026  (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=Q66VygrOxi68kWbuzeMd8Bzx1k0a-KPOUsPgd-MyhNUWeZgps6AImUNHA_0FpIh3JXfqv-26TesYhN3X2xK2u4eqTIf9P41YocBEDmFZEsE=" rel="nofollow" target="_blank">Rackspace Technology</a>&#xAE; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/RXT">RXT</a>), a leading end-to-end hybrid cloud and AI solutions company, today announced the appointments of <a href="https://www.globenewswire.com/Tracker?data=bF058cXyq5XIzv_t3fG3ilDufGhkkb_y5PimYWdG1xStpsiHPrAv7CR_J-SjW_gUTzgJTDACGjaqblkYXGF214yqsay-nFia-mJJkPm1TTs=" rel="nofollow" target="_blank"><strong>Paul Soligon</strong></a> as Senior Vice President of Operations and <a href="https://www.globenewswire.com/Tracker?data=BguQ6JLE9XgWSF_e-yT7IY3Rbha7NEVgfJLaiO7N9UcUoCwtRIF_9Ys353tpwPrZ-QWrCp7guVJ4kD67EUBO7yMvu2U7IF4W1TF9Y-nEgTo=" rel="nofollow" target="_blank"><strong>Marco Tesini</strong></a> as Senior Vice President of International for the company's Private Cloud business unit.</p>  <p>Soligon will be responsible for unifying key operational functions to drive growth and strengthen customer retention. In this role, he will lead Business and Sales Operations as well as Customer Success with a focus on advancing analytics and insights as well as elevating customer experience.</p>  <p>Soligon brings extensive leadership experience from over 25 years in high-growth technology environments. Most recently, he served as Senior Vice President at USAN, where he built and scaled significant new go-to-market partnerships and revenue expansion. Prior to that, he spent nearly a decade at Amazon Web Services (AWS) as Vice President and General Manager of Sales, leading a 700-person organization responsible for more than $2.2 billion in revenue and securing over $4 billion in strategic enterprise agreements.</p>  <p>Tesini will lead all markets outside of the US with a focus on expanding the company's global presence, deepening customer relationships, and scaling innovative solutions. He brings more than 25 years of experience driving business transformation and profitable growth for leading IT organizations, such as Unisys and Hitachi Vantara. Most recently, Tesini served in senior leadership roles at Hitachi Vantara, where he led large-scale regional turnarounds and consistently delivered double-digit growth.</p>  <p>"Paul and Marco join Rackspace at a moment when demand for a governed, enterprise AI backbone is accelerating faster than most organizations can deliver against it," said Gajen Kandiah, CEO of Rackspace Technology. He added, "Paul&#39;s experience scaling a multi-billion-dollar business at AWS gives us the operational rigor to match that demand. Marco is a proven growth and turnaround leader who has built and rebuilt international businesses at scale, most recently at Hitachi Vantara. They strengthen our ability to do what the market increasingly needs: put AI into production on governed private cloud with the operational discipline that enterprise customers require."</p>  <p><strong>About Rackspace Technology</strong></p>  <p>Rackspace Technology is a leading end-to-end hybrid cloud and AI solutions company. We can design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.</p>  <p>Media Contact: Cheryl Amerine, <a href="https://www.globenewswire.com/Tracker?data=cuJMUjDm_1Dt8Xya-rGIzsMTWb8MA-nAXFP0fqH1-X9nYterRPRwWMspjU198HC7Vh1-q32m6O8t-CCtgSHm71Zr0LS7uMvGCSdbXrRXi9tbeBvUIrwiaYCgNonuanSd" rel="nofollow" target="_blank">publicrelations@rackspace.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4NTg3NCM3NTI0NTAxIzIwMDU3MjQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MWE1NDVjOTYtNTE4ZS00M2M3LWI2YmQtNzc1NzI3NWYxMmU3LTEwMTcyOTctMjAyNi0wNC0wOC1lbg==/tiny/Rackspace-US-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/3397ed0c-def0-4eb1-a4f0-1408e03161e0"><img src="https://ml.globenewswire.com/media/3397ed0c-def0-4eb1-a4f0-1408e03161e0/small/rackspace-technology-logo-black-aspect-640-png.png" border="0" width="150" height="46" alt="Primary Logo"></img></a></p>

Rackspace Technology has appointed Paul Soligon and Marco Tesini to enhance operations and international growth, directly addressing rising demand for AI solutions. Their extensive backgrounds in technology and enterprise solutions position Rackspace to improve customer retention and accelerate global expansion, likely boosting future revenue. This corporate restructuring is aimed at capturing significant market opportunities in enterprise AI and private cloud services.

Rackspace Technology Appoints Paul Soligon and Marco Tesini to Senior Leadership Roles

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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