Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(c) Effective November 1, 2021, Mark A. Marino has been appointed Vice President and Chief Accounting Officer of Rackspace Technology, Inc. (the "Company") and will assume the role of principal accounting officer.

Mr. Marino, 45, has served as the Company's Vice President - Americas Region CFO since July 2020. Prior to joining Rackspace in 2020, Mr. Marino held finance leadership positions at several private and public companies, including Vice President, Finance of Acelity from March 2015 to July 2020 and Vice President, Finance at iHeartMedia, Inc. from March 2012 to March 2015. Mr. Marino received his Bachelor's degree from DePauw University and his MBA from Baylor University.

The Company and Mr. Marino are parties to the Company's standard at-will employment agreement pursuant to which, as a non-executive officer, Mr. Marino will receive compensation in a manner consistent with the Company's compensation of its non-executive officers, including any grants of long-term equity incentive awards under the Company's long-term incentive plans.

There are no arrangements or understandings between Mr. Marino and any other person pursuant to which Mr. Marino was selected as an officer of the Company. Mr. Marino does not have any family relationship with any director or executive officer of the Company. There are no related party transactions as of the date hereof between Mr. Marino and the Company that would require disclosure under Item 404(a) of Regulation S-K.


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