Rocket Software announces Milan Shetti as next CEO alongside Andy Youniss steping to Executive Chairman

– USA, MA – Rocket Software, a global technology leader that develops enterprise software used by the world’s largest public and private sector companies, today appoints Dr. Milan Shetti (Ph.D.) as next CEO, effective November 5, succeeding current CEO and co-founder Andy Youniss who will become Executive Chairman. Milan will retain his President title.

Andy will continue providing strategic insights and guidance to Rocket in important areas where he has experience and expertise.

“From Rocket’s creation almost 32 years ago, we set out to build a long-lasting software company that would make a difference in the world. I am incredibly proud of the company we have built, our 2,500 Rocketeers, the culture we embody, and the core values we live every day. This leadership transition is deeply important to me, and we have been intentional and thoughtful in every step of the process,” said Andy Youniss.

He continued “Milan is the right leader for this moment in Rocket’s history and for its future,” Youniss continued. “I have the utmost confidence that under his leadership, Rocket will continue to put our customers and partners first, deliver innovation and quality that matters, and enable even more legendary outcomes.”

About Dr. Milan Shetti

Milan Shetti joined Rocket in 2020 as Business Unit President and was named Rocket President earlier this year, overseeing all products in the company’s portfolio. Most recently, he held senior executive positions at Hewlett Packard Enterprise, including serving as Senior Vice President and General Manager of the multi-billion dollar storage business unit and previously as Chief Technology Officer of the Datacenter Infrastructure and Storage divisions.

“I was captivated by how Rocket’s culture and technology strengthen each other,” said Milan Shetti. “The connection Andy created between Rocket’s core values and the way we serve our customers and partners is what excites me most about leading Rocket in this next era, as we continue to accelerate the modernization of mission-critical systems and solve our customers’ and partners’ most pressing, highly technical challenges.”

Shetti began his career at Sun Microsystems as a software developer and advanced through a technical career path to technical director for the company’s data management group. After Sun Microsystems, Shetti led business development for IBRIX, Inc. before assuming the chief executive position.

He holds a Ph.D. in computer science from the University of Minnesota and a Master of Science in computer engineering from Syracuse University.

About Rocket Software

Rocket Software empowers organizations to create a legendary impact in the world through innovation in legacy technologies. With deep expertise in IBM Z, IBM Power, and database and connectivity solutions, Rocket provides solutions that power tens of thousands of global businesses, solving real problems and making a real-world impact. Rocket is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia, and Australia. Rocket is a portfolio company of Bain Capital Private Equity.

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