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A recent SEC filing by Rackspace shows that their former Technology CEO Kevin Jones could receive more than $3 million under transition agreement.

A recent SEC filing shows former CEO Kevin Jones could receive more than $3 million under a transition agreement that includes an additional year of his salary and the potential for more stock units. Credit: Courtesy / Rackspace Technology

Rackspace Technology CEO Kevin Jones has stepped down and is being replaced by Amar Maletira, the company’s chief financial officer, the Windcrest-based company announced Monday.

In a call with analysts, Rackspace Technology CEO Kevin Jones said the company is “…evaluating strategic alternatives and options.”