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Rackspace Appoints Ryan Neading as Chief Information Officer

SAN ANTONIO, TX--(Marketwired - April 10, 2014) - Rackspace® Hosting (NYSE: RAX), the open cloud company, today announced the appointment of Ryan Neading as chief information officer. Neading will be responsible for the Rackspace billing systems, internal IT systems and tools, technology operations, operational metrics and interfacing with external suppliers and resource providers, while reporting to Mark Roenigk, chief operating officer.

Neading brings with him over a decade of leadership experience and specialization in the high tech industry. Prior to joining Rackspace, Neading's responsibilities were expanded to serve as the co-leader of eBay's development site in Austin.

"Ryan Neading is an experienced leader in running world-class back office functions globally including financial systems and services, business management and analytics," said Mark Roenigk, chief operating officer at Rackspace. "Ryan's skills and understanding of large scale enterprise technologies will help enhance the effectiveness of our operations and will add skills to our team of specialists who deliver expertise in running the world's leading hybrid cloud."

A firm believer in giving back to the community, Neading is active in serving in and donating technology to an elementary school in the Austin area. He also participates in GirlStart, an initiative that encourages girls in science, technology, engineering and math.

"I am excited to join such a top notch team at Rackspace," said Neading. "Implementing and running world-class enterprise systems, services and tools is fundamental in helping better serve our customers and Rackers around the globe."

Neading earned a degree in Organizational Communication from Pepperdine University. 

About Rackspace
Rackspace (NYSE: RAX) is the global leader in hybrid cloud and founder of OpenStack®, the open-source operating system for the cloud. Hundreds of thousands of customers look to Rackspace to deliver the best-fit infrastructure for their IT needs, leveraging a product portfolio that allows workloads to run where they perform best -- whether on the public cloud, private cloud, dedicated servers, or a combination of platforms. The company's award-winning Fanatical Support® helps customers successfully architect, deploy and run their most critical applications. Headquartered in San Antonio, TX, Rackspace operates data centers on four continents. Rackspace is featured on Fortune's list of 100 Best Companies to Work For. For more information, visit www.rackspace.com.

Forward Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements concerning anticipated operational and financial benefits from Rackspace strategies related to additions or changes in leadership, the success of leadership transition, company growth or success of new sales initiatives, any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the integration and effectiveness of the new leadership into the Rackspace culture, the continuation of the current difficult economic conditions or further fluctuations, disruptions, instability or downturns in the economy, the effectiveness of managing company growth, infrastructure failures, technological and competitive factors, regulatory factors, and other risks that are described in Rackspace Hosting's Form 10-K for the quarter and year ended December 31, 2013, filed with the SEC on March 3, 2014. Except as required by law, Rackspace Hosting assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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