Rackspace Names David Meredith President, Private

SAN ANTONIO, TX --(Marketwired - June 01, 2017) - Rackspace® today announced that it has named David Meredith president of private cloud and managed hosting at Rackspace, effective June 1, 2017. Meredith will lead the company's single-tenant business, the largest revenue-driving business at Rackspace, with the goal of accelerating growth through investments and product strategy. He will report to Joe Eazor, Rackspace's newly appointed CEO.

Meredith will take over partial responsibilities from Mark Roenigk, chief operating officer at Rackspace, who is leaving the company, effective June 28. In his eight-year tenure at Rackspace, Roenigk transformed operations across the supply chain, data centers and workplace facilities.

"We are excited to have someone with David's experience joining our team," said Jeff Cotten, president and interim CEO at Rackspace. "Rackspace helped invent the managed hosting business in the late 1990s, and it has remained the largest portion of our business to-date. By strengthening our leadership position in this space, we can gain the business of enterprises that are increasingly outsourcing workloads they don't want to re-architect for the public cloud. David will work closely with our marketing, sales and support functions to accelerate growth in this business. I am confident that David is the right person to lead this charge, and he will be a valuable addition to the company and our leadership team."

"I'd also like to thank Mark Roenigk for his eight years of service to this company," Cotten continued. "Mark has embodied servant leadership for an entire generation of Rackers and has been integral in building and elevating Rackspace strategy around digital security, corporate social responsibility, open computing and operational excellence. We wish him the best moving forward."

Prior to joining Rackspace, Meredith served as president of global data centers at CenturyLink. In this role, he was responsible for profit and loss (P&L) oversight, product management, marketing, sales, operations, expansion, service delivery and analytics for 57 data centers and related services across North America, Europe and Asia.

Meredith has led international managed hosting businesses in roles including senior manager, president, CEO and board director. His experience spans a range of industry verticals from venture-backed firms such as NeuPals in China to business units of large public companies such as Capital One, CGI and VeriSign.

"As a pioneer in the managed hosting business, Rackspace is strongly positioned to succeed in a market where businesses want help moving out of their legacy data centers so they can be more strategic in their IT operations," said Meredith. "I'm pleased to be joining the Rackspace team at such an exciting time in the company's history, and in the industry overall. I look forward to locking arms with teams across the business to deliver managed hosting and single-tenant solutions to customers in a way that is efficient, strategic and provides the highest value Fanatical Support®."

Meredith graduated with honors from James Madison University with a Bachelor of Business Administration in finance and he earned a Masters in IT management from the University of Virginia, where he serves on the UVA advisory board. He will be based in San Antonio, Texas.

For more information about the Rackspace managed hosting and single-tenant business, visit https://www.rackspace.com/en-us/managed-hosting .

About Rackspace Rackspace, the #1 managed cloud company, helps businesses tap the power of cloud computing without the complexity and cost of managing it all on their own. Rackspace engineers deliver specialized expertise, easy-to-use tools, and Fanatical Support® for leading technologies including AWS, Google, Microsoft, OpenStack and VMware. The company serves customers in 150 countries, including more than half of the FORTUNE 100. Rackspace was named a leader in the 2017 Gartner Magic Quadrant for Public Cloud Infrastructure Managed Service Providers, Worldwide, and has been honored by Fortune, Forbes, and others as one of the best companies to work for. Learn more at www.rackspace.com .

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