Open Text Corporation (NASDAQ: OTEX) has appointed Steve Rai as its new Executive Vice President and Chief Financial Officer, effective October 6, 2025. Rai brings over 30 years of global finance experience and a strong track record as a technology industry veteran. He most recently served as the CFO of BlackBerry Limited, playing a pivotal role in transforming the company's financial strategy and operating structure during significant technological and organizational changes. Before joining BlackBerry, Rai held senior finance positions at PMC-Sierra and PricewaterhouseCoopers LLP.
Commenting on Rai's appointment, James McGourley, Interim OpenText CEO, expressed his pleasure, stating that Rai's impressive background in finance and operations in the technology industry will assist the company in driving its next phase of growth and strategic vision. Rai, who holds a Bachelor of Business Administration degree with an accounting and finance major from Simon Fraser University in British Columbia, Canada, is a certified public accountant and a member of the Chartered Professional Accountants in British Columbia, Canada.
McGourley also thanked Cosmin Balota for stepping in as Interim CFO for the past two months and for his continuing transition support as he resumes his role as Chief Accounting Officer of the company.
OpenText, a leading cloud and AI company, provides organizations worldwide with a comprehensive suite of business AI, business clouds, and business technology. The company aims to help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way through information management. Today the company's shares have moved -0.91% to a price of $37.04. For more information, read the company's full 8-K submission here.
