- In tandem with its Q4 results, Rackspace (RAX) announces CEO Lanham Napier has retired from his position, and from the company's board. Co-founder/chairman Graham Weston will act as interim CEO while Rackspace searches for a permanent replacement.
- Napier will remain in a consulting role with Rackspace for the next few months. He now "plans to invest in and advise other entrepreneurial companies."
- Weston previously served as Rackspace's CEO from 1999-2006. Napier has been running the show during Rackspace's entire history as a public company.
- RAX -12.4% AH.
Rackspace CEO retires; co-founder/chairman to act as interim CEO
Feb 10 2014, 16:12 ET