leadership
confidence high
sentiment negative
materiality 0.78
OpenText appoints James McGourlay as Interim CEO; Mark Barrenechea departs; explores portfolio-shaping opportunities
OPEN TEXT CORP
- James McGourlay, 25-year OpenText veteran, named Interim CEO effective August 11, 2025.
- Mark Barrenechea transitions out of CEO, CTO, and Vice Chair roles immediately.
- P. Thomas Jenkins appointed Executive Chair and Chief Strategy Officer; David Fraser named Lead Director.
- Savinay Berry promoted to CTO; CEO Search Committee formed with four independent directors.
- Company to explore portfolio-shaping opportunities to focus on core Information Management for AI business.