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Rackspace Technology Appoints Lata Varghese and Phani Kishore Burre to Senior Leadership Roles Driving Cloud and AI Transformation

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Rackspace Technology (NASDAQ: RXT) on Nov 17, 2025 appointed Lata Varghese as Senior Vice President, Business Transformation, and Phani Kishore Burre as Senior Vice President, Services and Delivery for the Public Cloud business unit. The hires bring multi‑decade cloud, IT transformation, and AI delivery experience from firms including Cognizant, Randstad Digital, Brillio, and roles managing global P&L and digital infrastructure practices.

Leadership will focus on strengthening Rackspace's operating model, execution, and turning AI and hybrid cloud into practical client outcomes.

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Positive

  • Appointed Lata Varghese as SVP Business Transformation on Nov 17, 2025
  • Appointed Phani Kishore Burre as SVP Services and Delivery on Nov 17, 2025
  • Both hires bring 20+ years of cloud and IT transformation experience
  • Experience includes global P&L and digital infrastructure leadership roles

Negative

  • None.

News Market Reaction 1 Alert

-1.75% News Effect
-$5M Valuation Impact
$278M Market Cap
1K Volume

On the day this news was published, RXT declined 1.75%, reflecting a mild negative market reaction. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $278M at that time.

Data tracked by StockTitan Argus on the day of publication.

Strategic leadership additions position company to unlock growth and speed customer success

SAN ANTONIO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end hybrid, multicloud, and AI solutions company, today announced the appointment of Lata Varghese as Senior Vice President of Business Transformation and Phani Kishore Burre, as Senior Vice President of Services and Delivery for the Public Cloud business unit.

Lata Varghese brings extensive leadership experience in technology services, CXO advisory and business transformation. At Cognizant, she managed global P&L responsibilities and spearheaded the incubation and growth of emerging technology consulting practices. Her domain expertise spans financial services, digital banking, payments, blockchain, and digital assets. Most recently, as Head of Solutions for the Americas at Randstad Digital, Lata played a key leadership role in the company’s transformation from an onsite-centric talent company to a global tech solutions firm.

Phani Kishore Burre joins Rackspace with more than two decades of experience driving IT transformation for Fortune 100 clients across retail, healthcare, financial services, and life sciences. At Brillio, he served as Managing Director and Global Practice Head for Digital Infrastructure, delivering significant growth and helping customers accelerate cloud adoption and modernization strategies. His leadership enabled Fortune 500 companies to integrate AI and Generative AI technologies into their digital transformation journeys.

“Customers are working through rapid change and want a partner that delivers speed, innovation, and certainty,” said Gajen Kandiah, CEO of Rackspace Technology. “Lata and Phani bring strong operating and delivery experience that fits where Rackspace is headed. They will focus on strengthening our operating model, improving execution, and turning AI and hybrid cloud into practical outcomes for our clients. With their leadership, Rackspace will advance its transformation and deliver value across core, cloud, and edge.”

About Rackspace Technology

Rackspace Technology is a leading end-to-end, hybrid 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.

Media Contact:
Cheryl Amerine, publicrelations@rackspace.com


FAQ

Who did Rackspace (RXT) appoint on November 17, 2025?

Rackspace appointed Lata Varghese as SVP Business Transformation and Phani Kishore Burre as SVP Services and Delivery for Public Cloud.

What roles will Lata Varghese and Phani Kishore Burre hold at RXT?

Lata will lead Business Transformation; Phani will lead Services and Delivery for the Public Cloud unit.

How does the RXT leadership change affect the company's AI and cloud strategy?

The company says the hires will strengthen its operating model and improve execution to turn AI and hybrid cloud into practical client outcomes.

What backgrounds do the new Rackspace RXT executives have?

Lata has experience in global P&L, consulting, digital banking, and blockchain; Phani has 20+ years in digital infrastructure and cloud adoption.

Will the November 17, 2025 RXT appointments change public cloud operations immediately?

The announcement states the leaders will focus on improving execution and delivery, implying near‑term operational emphasis but provides no specific timeline.
Rackspace Technology, Inc.

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