OpenText names Steve Rai as CFO effective October 6

Open Text Corporation (NASDAQ: OTEX) (TSX: OTEX) announced Steve Rai as Executive Vice President and Chief Financial Officer, effective October 6, 2025, according to a company press release.

Rai brings over 30 years of global finance experience in the technology sector. He most recently served as Chief Financial Officer of BlackBerry Limited, where he was involved in transforming the company's financial strategy and operating structure. Prior to BlackBerry, Rai held senior finance positions at PMC-Sierra and PricewaterhouseCoopers LLP.

"We are very pleased to welcome Steve to OpenText," said James McGourley, interim OpenText CEO. "Steve's impressive background as a leader in finance and operations in the technology industry will help us drive our next phase of growth and strategic vision."

Rai will be based in Waterloo, Ontario, Canada. He holds a Bachelor of Business Administration degree with an accounting and finance major from Simon Fraser University in British Columbia, Canada. He is a Certified Public Accountant through the American Institute of Certified Public Accountants in Illinois and a member of the Chartered Professional Accountants in British Columbia, Canada.

"The work OpenText is doing to empower organizations around the world through secure information management is transformational," Rai said. "I am excited to be joining the organization at this critical juncture in the age of AI and look forward to helping the company achieve its vision."

McGourley thanked Cosmin Balota for serving as Interim CFO for the past two months and for continuing transition support as he resumes his role as Chief Accounting Officer of the company.

OpenText describes itself as a cloud and AI company that provides Business AI, Business Clouds, and Business Technology solutions through information management services.

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