Rackspace Technology Inc. on Monday named chief financial officer Amar Maletira as chief executive officer of the company, which is majority owned by Apollo Global Management Inc. . Kevin Jones, who has been in the role of CEO for three-and-a-half years, will become an operating advisor with Apollo. Rackspace Technology also said it continues to expect third-quarter earnings of 8 cents to 10 cents a share. Wall Street analysts expect Rackspace to earn 9 cents a share when the company reports its results on Nov. 15, according to FactSet data. Shares of Rackspace are down 63% in 2022, compared to a 30.5% drop by the Nasdaq .
Any recommendation, opinion or advice regarding securities or markets contained in such material does not reflect the views of TD Ameritrade, and TD Ameritrade does not verify any information included in such material.