Open Text Corp Appoints Steve Rai as CFO

By Bobby Samwell • Thursday, October 02 15:32 • Permanent Link

Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX) has appointed Steve Rai as the Executive Vice President and Chief Financial Officer, effective October 6, 2025. Rai brings with him over 30 years of global finance experience and a proven track record as a technology industry veteran. He most recently served as the CFO of BlackBerry Limited and has held senior finance positions at PMC-Sierra and PricewaterhouseCoopers LLP.

During his tenure at BlackBerry Limited, Rai played a pivotal role in transforming the company's financial strategy and operating structure during significant technological and organizational changes. His appointment at Open Text Corporation is expected to drive the company's next phase of growth and strategic vision.

Rai 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, USA, and a member of the Chartered Professional Accountants in British Columbia, Canada.

James McGourley, Interim Open Text CEO, expressed his pleasure in welcoming Rai to the team, highlighting Rai's impressive background as a leader in finance and operations in the technology industry. Rai expressed his excitement in joining Open Text at this critical juncture in the age of AI and looks forward to helping the company achieve its vision.

McGourley also took the opportunity to thank Cosmin Balota for stepping in as the interim CFO for the past two months and for the continuing transition support as he resumes his role as Chief Accounting Officer of the company.

Open Text Corporation is a leading cloud and AI company that provides organizations around the world with a comprehensive suite of business AI, business clouds, and business technology. They aim to help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way through information management. The market has reacted to these announcements by moving the company's shares 0.31% to a price of $37.255. For the full picture, make sure to review OPEN TEXT CORP's 8-K report.

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