OpenText Appoints Chadwick Westlake Chief Financial Officer To Reinforce Top Priorities
OpenText (NASDAQ: OTEX) has appointed Chadwick Westlake as Executive Vice President and Chief Financial Officer, effective March 5, 2025. Westlake, who previously served as CFO of EQB Inc. and held executive positions at Scotiabank, succeeds Madhu Ranganathan after her seven-year tenure.
The appointment aligns with OpenText's strategic focus on total revenue growth, competitive advantage, margin expansion, free cash flow growth, and upper quartile capital returns. At EQB Inc., Westlake led corporate strategy, development, and financial management, while his previous role at Scotiabank involved leading a global cost transformation program.
Based in Richmond Hill, Ontario, Westlake will contribute to OpenText's next growth phase, leveraging the company's global operating model and focus on customer experiences to drive efficiencies and deliver strong results for Fiscal 2026 and beyond.
OpenText (NASDAQ: OTEX) ha nominato Chadwick Westlake come Vice Presidente Esecutivo e Chief Financial Officer, con effetto dal 5 marzo 2025. Westlake, che in precedenza ha ricoperto il ruolo di CFO di EQB Inc. e ha ricoperto posizioni dirigenziali presso Scotiabank, succede a Madhu Ranganathan dopo il suo mandato di sette anni.
La nomina è in linea con il focus strategico di OpenText sulla crescita totale dei ricavi, vantaggio competitivo, espansione dei margini, crescita del flusso di cassa libero e ritorni di capitale nel quartile superiore. Presso EQB Inc., Westlake ha guidato la strategia aziendale, lo sviluppo e la gestione finanziaria, mentre nel suo ruolo precedente presso Scotiabank ha guidato un programma globale di trasformazione dei costi.
Con sede a Richmond Hill, Ontario, Westlake contribuirà alla prossima fase di crescita di OpenText, sfruttando il modello operativo globale dell'azienda e il focus sulle esperienze dei clienti per guidare l'efficienza e ottenere risultati solidi per l'anno fiscale 2026 e oltre.
OpenText (NASDAQ: OTEX) ha nombrado a Chadwick Westlake como Vicepresidente Ejecutivo y Director Financiero, con efecto a partir del 5 de marzo de 2025. Westlake, quien anteriormente fue CFO de EQB Inc. y ocupó cargos ejecutivos en Scotiabank, sucede a Madhu Ranganathan tras su mandato de siete años.
El nombramiento se alinea con el enfoque estratégico de OpenText en el crecimiento total de ingresos, ventaja competitiva, expansión de márgenes, crecimiento del flujo de caja libre y retornos de capital en el cuartil superior. En EQB Inc., Westlake lideró la estrategia corporativa, el desarrollo y la gestión financiera, mientras que en su rol anterior en Scotiabank estuvo a cargo de un programa global de transformación de costos.
Con sede en Richmond Hill, Ontario, Westlake contribuirá a la próxima fase de crecimiento de OpenText, aprovechando el modelo operativo global de la empresa y el enfoque en las experiencias del cliente para impulsar la eficiencia y ofrecer resultados sólidos para el año fiscal 2026 y más allá.
OpenText (NASDAQ: OTEX)는 Chadwick Westlake를 2025년 3월 5일부터 부사장 겸 최고재무책임자(CFO)로 임명했습니다. Westlake는 이전에 EQB Inc.의 CFO로 재직했으며 Scotiabank에서 임원직을 역임한 바 있으며, 7년간의 임기를 마친 Madhu Ranganathan의 후임입니다.
이번 임명은 OpenText의 총 수익 성장, 경쟁 우위, 마진 확대, 자유 현금 흐름 성장 및 상위 사분위 자본 수익률에 대한 전략적 초점과 일치합니다. EQB Inc.에서 Westlake는 기업 전략, 개발 및 재무 관리를 이끌었으며, Scotiabank에서의 이전 역할에서는 글로벌 비용 변혁 프로그램을 주도했습니다.
온타리오주 리치몬드 힐에 본사를 두고 있는 Westlake는 OpenText의 다음 성장 단계에 기여할 것이며, 회사의 글로벌 운영 모델과 고객 경험에 대한 초점을 활용하여 효율성을 높이고 2026 회계연도 및 그 이후에 강력한 결과를 제공할 것입니다.
OpenText (NASDAQ: OTEX) a nommé Chadwick Westlake au poste de Vice-Président Exécutif et Directeur Financier, à compter du 5 mars 2025. Westlake, qui a précédemment été CFO d'EQB Inc. et a occupé des postes de direction chez Scotiabank, succède à Madhu Ranganathan après son mandat de sept ans.
Cette nomination s'inscrit dans le cadre de l'objectif stratégique d'OpenText de croissance totale des revenus, d'avantage concurrentiel, d'expansion des marges, de croissance des flux de trésorerie disponibles et de rendements en capital dans le quartile supérieur. Chez EQB Inc., Westlake a dirigé la stratégie d'entreprise, le développement et la gestion financière, tandis que dans son rôle précédent chez Scotiabank, il a dirigé un programme mondial de transformation des coûts.
Basé à Richmond Hill, Ontario, Westlake contribuera à la prochaine phase de croissance d'OpenText, en tirant parti du modèle opérationnel mondial de l'entreprise et de l'accent mis sur l'expérience client pour améliorer l'efficacité et fournir des résultats solides pour l'exercice fiscal 2026 et au-delà.
OpenText (NASDAQ: OTEX) hat Chadwick Westlake zum Executive Vice President und Chief Financial Officer ernannt, mit Wirkung zum 5. März 2025. Westlake, der zuvor CFO von EQB Inc. war und Führungspositionen bei Scotiabank innehatte, folgt auf Madhu Ranganathan nach deren siebenjähriger Amtszeit.
Die Ernennung steht im Einklang mit dem strategischen Fokus von OpenText auf Gesamtumsatzwachstum, Wettbewerbsvorteil, Margenausweitung, Wachstum des freien Cashflows und Kapitalrenditen im oberen Quartil. Bei EQB Inc. leitete Westlake die Unternehmensstrategie, -entwicklung und -finanzverwaltung, während er in seiner vorherigen Rolle bei Scotiabank ein globales Kostenumwandlungsprogramm leitete.
Mit Sitz in Richmond Hill, Ontario, wird Westlake zur nächsten Wachstumsphase von OpenText beitragen, indem er das globale Betriebsmodell des Unternehmens und den Fokus auf Kundenerfahrungen nutzt, um Effizienz zu steigern und starke Ergebnisse für das Geschäftsjahr 2026 und darüber hinaus zu erzielen.
- Strategic appointment of experienced CFO with proven track record in financial transformation
- Focus on revenue growth and margin expansion
- Emphasis on increasing shareholder returns and value creation
- Strong background in cost transformation and productivity improvement
- Transition period may temporarily impact operational continuity
Mr. Westlake is a highly experienced finance and transformation executive, previously serving as the Chief Financial Officer of EQB Inc., a leading digital financial services company. In his role, Mr. Westlake led corporate strategy and development, and overall financial management including investor relations, treasury, capital markets, core finance functions and strategic process improvement. Previously, Mr. Westlake held various positions at Scotiabank for more than 18 years, including his last role as Executive Vice President of Enterprise Productivity & Canadian Banking Finance where he led a significant global cost transformation and productivity improvement program.
"Chadwick is an outstanding executive, a proven winner and I look forward to working with him," said Mark J. Barrenechea, OpenText CEO & CTO. "Chadwick's experience of driving profitable growth, strategic operations and shareholder value creation, are just the skills we need to drive our next phase of growth and scale. He will be based out of
"This is a very exciting and defining time to join OpenText, as the company continues to make solid progress against its long-term strategy," said Mr. Westlake. "OpenText has a clear and differentiated global operating model, and a winning focus on exceptional customer experiences. I look forward to building on this demonstrated strength to drive efficiencies across the business to put us in a position to deliver a strong Fiscal 2026 and beyond with a renewed focus on the significant opportunity to increase total shareholder returns and long-term value creation for all stakeholders."
Barrenechea further added, "I would like to take this opportunity to thank Madhu for her seven years of incredible service to OpenText and the continuing transition support alongside our amazing senior Finance Team members. I wish Madhu all the best in her future endeavours."
About OpenText
OpenText is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com.
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