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Forbes Names Rackspace's Lanham Napier One of 15 Most Powerful CEOs 40 and Under.

SAN ANTONIO -- Second graph, second sentence of release should read: As a Racker, or Rackspace employee, since 2000, Napier has helped guide the company to become a force in the industry and expand from less than 100 Rackers operating a single data center in 2001 to over 2,750 Rackers and nine data centers worldwide in 2010. (sted As a Racker, or Rackspace employee, since 2001, Napier has helped guide the company to become a force in the industry and expand from less than 100 Rackers operating a single data center in 2001 to over 2,750 Rackers and nine data centers worldwide in 2010.).

The corrected release reads:

FORBES NAMES RACKSPACE'S LANHAM NAPIER ONE OF 15 MOST POWERFUL CEOS 40 AND UNDER

Rackspace[R] Hosting (NYSE:RAX), the leader in the hosting and cloud computing industry, is honored to announce that Forbes has named Rackspace CEO, president and director Lanham Napier as one of "America's 15 Most Powerful CEOs 40 and Under."

Named CEO in 2006, Napier has played a significant role in growing the company to its current stature, including an 18.2% increase in net revenues in 2009 compared to the previous year. As a Racker, or Rackspace employee, since 2000, Napier has helped guide the company to become a force in the industry and expand from less than 100 Rackers operating a single data center in 2001 to over 2,750 Rackers and nine data centers worldwide in 2010.

"We pride ourselves on a collaborative culture at Rackspace, so this honor is a larger acknowledgement of the hard work, growth and success of all Rackers," said Napier. "Rackspace's foundation of Fanatical Support has helped drive the company to continued innovation through the talented team of Rackers, whose hard work and dedication make this company what it is today."

Throughout his tenure at Rackspace, Napier has worked closely with the executive team to grow the company through strategic differentiators and core capabilities including Rackspace Fanatical Support[R], the Company's unique brand of customer service. Napier's leadership has kept Rackspace on the cutting edge of industry innovation with strong growth in cloud computing and other managed services.

The Forbes list of "America's 15 Most Powerful CEOs 40 and Under" is comprised of the heads of the 15 biggest publicly traded companies in the U.S. as of Feb. 8, 2010, as determined by market capitalization, with chief executives under 40 years old. Sources for the list include Capital IQ (a Standard & Poor's Business), FT Interactive Data and Thomson Reuters Fundamentals via FactSet Research Systems. For the full list please visit: http://www.forbes.com/2010/02/10/most-powerful-ceos-leadership-managing-young_slide.html.

About Rackspace Hosting

Rackspace Hosting is the leader in the hosting and cloud computing industry. The San Antonio-based company provides its customers Fanatical Support[R] in their portfolio of hosted IT services, including Managed Hosting, Cloud Computing and Email and Apps. For more information, visit www.rackspace.com.
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Publication:Business Wire
Geographic Code:1U7TX
Date:Apr 1, 2010
Words:490
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