On September 4, 2025, Rackspace Technology®, a leading provider of hybrid cloud and AI solutions, disclosed that they awarded inducement equity awards to Gajen Kandiah upon his appointment as the new Chief Executive Officer. The awards were granted as part of his recruitment package and reflect the company's confidence in his leadership. Rackspace Technology® (NASDAQ: RXT) continues to strengthen its team with key individuals, reinforcing its position in the market.