Kevin Jones served as the CEO of Rackspace Technology, Inc. from November 2020 until September 2022. He stepped down after making a significant impact on the company's direction and growth. During his time, his compensation reflected his responsibilities. In 2022,...
Kevin Jones served as the CEO of Rackspace Technology, Inc. from November 2020 until September 2022. He stepped down after making a significant impact on the company's direction and growth. During his time, his compensation reflected his responsibilities. In 2022, he earned a total of $3.3 million, primarily from a salary of $930,000 and a severance package due to his departure. Notably, he once received a $10 million sign-on bonus, which was a strategy to attract high-level talent in a competitive market. Throughout his tenure, Kevin was also granted over one million restricted stock units, aligning his interests with the company's performance. His commitment to growth was evident as he tied his bonuses to the company's success and had strict performance metrics in place. He executed well in the role but ultimately transitioned out as the company moved in a new direction.