Amar Maletira is the CEO of Rackspace Technology, Inc., appointed on September 23, 2022. He has a strong educational background with an MBA in finance and corporate strategy from the University of Michigan and a bachelor's degree in electronics and...

Amar Maletira is the CEO of Rackspace Technology, Inc., appointed on September 23, 2022. He has a strong educational background with an MBA in finance and corporate strategy from the University of Michigan and a bachelor's degree in electronics and communication engineering from Karnatak University in India. He joined Rackspace in November 2020 as President and CFO, bringing valuable experience from his previous roles, including CFO at Viavi Solutions and leadership positions at Hewlett Packard for over 13 years. Under his guidance, Rackspace emphasizes strong financial performance metrics like net revenue and customer satisfaction, which shows that he believes in aligning business goals with customer needs. His pay structure reflects this focus, with significant bonuses tied to performance. Notably, in 2023, he received a total compensation package of over $13 million, consisting mainly of a salary, a large cash bonus, and equity awards. Maletira has also been active in insider trading, with notable trades reflecting his confidence in the company's direction. His experience and leadership style indicate a pragmatic approach to managing a tech company in a competitive market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Rackspace Technology, Inc. CEOs

R

Amar Maletira

CEO of Rackspace Technology, Inc.

Education

MBA in finance and corporate strategy from the University of Michigan’s Stephen M. Ross School of Business; undergraduate degree in engineering, electronics and communication from Gote Institute of Technology at Karnatak University in India

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

CEO of Rackspace Technology, Inc. for

2 years 8 months (Sep 2022 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer of Viavi Solutions (2015-2020); Vice President and CFO – Americas Enterprise Services at Hewlett Packard (2014-2015)

Rivals

Competitors/colleagues of Amar Maletira

Holdings

See how much did Amar Maletira make over time.

Amar Maletira has shown significant activity in insider trading, indicating a strong belief in Rackspace's future. In September 2019, he had trades worth around $4.95 million, peaking at $5.75 million a month later. His trading activity remained steady until 2020,...

Amar Maletira has shown significant activity in insider trading, indicating a strong belief in Rackspace's future. In September 2019, he had trades worth around $4.95 million, peaking at $5.75 million a month later. His trading activity remained steady until 2020, where it consistently fluctuated between $2 million and $4 million. By August 2023, his trading surged to around $14.82 million, suggesting confidence in the company's growth. His wealth at times has heavily leaned on his holdings in Rackspace, demonstrating a clear commitment to the company's success. This trend of strategic trading is followed closely by investors as it provides insight into the company’s performance and potential growth.

Loading...

Total Stock Sold

$3.69M

VIAV

$3.69M

242,799 VIAV shares

What if they kept their stock?

If Amar Maletira didn't sell their stock, today they would have:
Extra VIAV242,799 shares worth $3.16M.
This is -14.57% and $538.13K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Amar Maletira.

RXT

2,088,634 shares

RXT

Mar 16, 2023

Received

RXT

1,447,792 shares

RXT

Oct 26, 2022

Received

RXT

94,040 shares

RXT

Mar 22, 2022

Received

RXT

564,243 shares

RXT

Mar 22, 2022

Received

RXT

585,306 shares

RXT

Aug 19, 2021

Received

RXT

$99.98K

RXT at $18.45/share

May 13, 2021

Purchase

Compensation History

See how much did Amar Maletira make over time.

In 2023, Amar Maletira received a total compensation package of around $13.4 million as the CEO of Rackspace Technology. His base salary was approximately $832,192, but the real highlight was his bonus of about $2.76 million, which was performance-based, indicating that the company's success and his leadership are tightly linked. Maletira's compensation also included an equity component worth roughly $9.8 million, showcasing his commitment to aligning his interests with those of the shareholders. Compared to 2022 where his total compensation was around $25.3 million, his pay remains competitive, reflecting a focus on delivering results rather than just receiving accolades. His structure promotes a performance-driven culture at Rackspace, aiming for sustainable growth and success.

Year

2022

Total Compensation

$3.59M

Salary

$832.19K

Board Justification

The compensation philosophy is to align executive pay with company performance, attract and retain talent, and ensure that management has a significant financial stake in the company.

Bonus

$2.76M

Board Justification

Annual cash incentive compensation based on individual and company performance for fiscal 2023, paid in March 2024.

Other

$0.00

Board Justification

No additional compensation reported outside of salary and bonus.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2023 as the focus is on cash compensation and performance-based awards.

Performance Metrics

Performance metrics include net revenue, Non-GAAP operating profit, year-end cash balance, diversity, and customer satisfaction/net promoter score.

Other Rackspace Technology, Inc. CEOs

Here are other CEOs of Rackspace Technology, Inc.

Kevin Jones

Ex-CEO of Rackspace Technology, Inc.

November 2020 - September 2022