Rackspace Appoints a Chief Financial Officer

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DAILYHOSTNEWS, November 14, 2011 – Rackspace Hosting last week announced the appointment of Karl Pichler, 39, as chief financial officer (CFO) and principal financial officer, effective November 10, 2011. Pichler has been serving as interim CFO since April 15, 2011.

“Karl has added tremendous value to Rackspace over the last six years and brings a depth of experience to the role,” said Lanham Napier, president and chief executive officer. “Karl is a veteran Racker who knows our business well and shares our values. We are excited to have Karl take this next step with us as we move the company forward.”

Pichler joined Rackspace in 2005 as vice president of finance. In April 2009, Pichler was appointed to Rackspace’s Europe, Middle East and Asia (EMEA) team and served as Rackspace’s International Finance Director. As of April 15, 2011, Pichler served as acting CFO, Treasurer and principal financial officer. Over his tenure, he has had several roles at the company including the further development of the finance function and the design and implementation of the company’s global financing activities.

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About Rackspace Hosting
Rackspace Hosting is the service leader in cloud computing, and a founder of OpenStack, an open source cloud operating system. The San Antonio-based company provides Fanatical Support to its customers and partners, across a portfolio of IT services, including Managed Hosting and Cloud Computing. Rackspace has been recognized by Bloomberg BusinessWeek as a Top 100 Performing Technology Company and was featured on Fortune’s list of 100 Best Companies to Work For. The company was also positioned in the Leaders Quadrant by Gartner in the “2010 Magic Quadrant for Cloud Infrastructure as a Service and Web Hosting.”

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