Apple CIO steps down from Rackspace board citing new job duties
Rackspace Technology said Tim Campos resigned from its board of directors, effective Dec.12, according to a filing with the Securities and Exchange Commission on Friday.
Campos, a board member at Rackspace since 2016, was named chief information officer for Apple, in early November. Campos resigned from the board to avoid any potential conflicts of interest and had increased time commitments related to the new role at Apple, the filing said.
Rackspace said the resignation was not related to any disagreement or any matter related to its operations, policies or practices, according to the filing.
Rackspace also announced Holly Windham, the company’s executive vice president, chief legal and chief people officer, and corporate secretary would be leaving the company after the cloud services firm decided to split the roles of chief legal and people officer, according to the regulatory filing.
Windham is leaving her post as chief people officer immediately, however will remain as chief legal officer at a mutually agreeable date when the post is filled, but no later than February 28, 2023.
The announcements mark the latest in a series of management restructuring changes at the Apollo Global Management-backed company after it promoted Amar Maletira from president and CFO to CEO in September.
In early November, Rackspace named former GlobalLogic president and CEO Shashank Samant as lead director of its board. As part of the agreement, Samant agreed to invest $2.5 million in Rackspace stock.
By mid-November, the company hired Naushaza ‘Bobby’ Molu as executive vice president and CFO effective Jan. 16, 2023, according to a regulatory filing with the SEC.
Rackspace has struggled financially, with its share price down almost 80% year to date. During the third quarter, the firm reported non-GAAP operating profit down 36% year-over-year amid ongoing revenue declines in its legacy OpenStack and managed hosting private cloud businesses.
Meanwhile, on Saturday, Rackspace said it would begin to transfer recovered email to its Hosted Exchange customers who were directly impacted by a ransomware attack in early December. Rackspace engineers were extracting data off impacted servers.
Thousands of small- and medium-sized businesses were impacted by the attack and are being transitioned over to Microsoft 365. A company spokesperson confirmed the email recovery involves accessing messages prior to the Dec. 2 incident.
“We have been exploring every possible avenue to maximize speed while also prioritizing security,” the company said in a Sunday update.
The Hosted Exchange environment represents about 1% of Rackspace revenue and the company said the ransomware attack did not spread to other parts of the business.