Open Text Corporation (NASDAQ: OTEX) (TSX: OTEX) has announced the appointment of Fletcher Previn to its board of directors. Previn, who is the Senior Vice President & Chief Information Officer of Cisco Systems, Inc., brings over 20 years of experience in IT to the board. Prior to his role at Cisco, Previn spent 15 years at IBM, serving as their Global Chief Information Officer.
This appointment reflects Open Text's commitment to board refreshment and skill-set diversity, aligning the qualifications and expertise of its directors with the company's strategy and significant growth and margin expansion opportunities.
Open Text Corporation is a leading information management software and services company, offering solutions to help organizations solve complex global problems using a comprehensive suite of business clouds, business AI, and business technology. Following these announcements, the company's shares moved -0.9%, and are now trading at a price of $30.0. For the full picture, make sure to review Open Text's 8-K report.