OpenText Corp Appoints Ayman Antoun as New CEO

By Chris Stiles • Thursday, January 29 12:23 • Permanent Link

OpenText Corporation (NASDAQ: OTEX) (TSX: OTEX) has announced the appointment of Ayman Antoun as its new Chief Executive Officer, effective April 20, 2026. Antoun brings more than three decades of global technology leadership and transformation experience to the role, having previously served as the President of IBM Americas.

During his tenure at IBM, Antoun drove significant advancements in cloud, infrastructure, cybersecurity, cognitive solutions, and digital modernization. OpenText's Board of Directors expressed confidence in Antoun's ability to drive shareholder value and grow revenue in the core enterprise information management for training agentic AI business.

Following the announcement, James McGourlay will continue to serve as interim CEO until the transition, after which he will assume a role within the executive leadership team at OpenText. P. Thomas Jenkins, currently serving as the company's Executive Chair and Chief Strategy Officer, will return to the role of Chair of the Board.

The CEO search committee conducted a thorough assessment of global candidates, ultimately selecting Antoun based on his extensive experience leading major technology organizations, particularly in cloud and digital modernization, as well as his strong international relationships across public and private sectors.

Antoun expressed his enthusiasm for leading OpenText into its next chapter, leveraging the company's core product portfolio and worldwide client base to accelerate its growth strategy and deliver long-term shareholder value.

Antoun holds a Bachelor of Science in Electrical Engineering from the University of Waterloo and is a graduate of Harvard Business School's executive program in financial analysis, business management, and strategic planning. He also currently serves as a board member of TD Bank and CAE.

This appointment marks a pivotal phase for OpenText as it aims to capitalize on Antoun's expertise and experience to drive disciplined growth in cloud modernization and enterprise AI, further solidifying its position in the global technology landscape. The market has reacted to these announcements by moving the company's shares -2.39% to a price of $30.20. For more information, read the company's full 8-K submission here.

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