Open Text Corp. (OTEX,OTEX.TO) announced the appointment of Steve Rai as Executive Vice President and Chief Financial Officer, effective October 6, 2025. Rai brings over 30 years of global finance experience, having most recently served as Chief Financial Officer at BlackBerry Limited. Prior to that, he held senior finance roles at PMC-Sierra and PricewaterhouseCoopers LLP.
"I would like to take this opportunity to thank Cosmin Balota for stepping in as 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," said James McGourley, interim OpenText CEO.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.