Thursday, July 25, 2013

Rackspace's Moorman Steps Down

Lew Moorman, President of San Antonio-based Rackspace, has stepped down from his position, the company announced today, in order to deal with multiple family health issues. Moorman, in a blog post, said he was stepping down due to health issues with his wife, as well as his oldest daughter. Describing the pressures faced by many technology executives, Moorman said that "The job of president for a company of this size and speed is a 24×7 endeavor", which he found "very rewarding"--but that, due to his personal situation, he needed to take some time to "assess my ability to balance the demands of leading the Rack with the needs of my family."