OpenText Appoints Prentiss Donohue as Executive Vice President, SMB/C Sales

Rhea-AI Summary

OpenText (NASDAQ: OTEX) has appointed Prentiss Donohue as Executive Vice President of SMB/C Sales, succeeding Craig Stilwell, who is retiring. This leadership change is expected to enhance OpenText's growth in the small and medium-sized business market, which is crucial for customer acquisition and cloud growth. Donohue, who joined OpenText in 2016, has extensive channel experience and previously served as Senior Vice President of Partners & Alliances. The restructuring aims to strengthen enterprise sales strategies under the leadership of Simon Harrison.

Positive

• Prentiss Donohue's appointment may bring fresh strategies and leadership to the SMB/C sector.
• The restructuring of the Partners & Alliances organization under Simon Harrison is expected to bolster enterprise sales efforts.

Negative

• Craig Stilwell's retirement may create a gap in continuity and experience in leadership.

WATERLOO, ON, Dec. 7, 2020 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that veteran OpenText executive Prentiss Donohue has been appointed Executive Vice President, SMB/C Sales (Small and Medium-Sized Business and Consumer). Mr. Donohue replaces Craig Stilwell, who is retiring from OpenText following the successful integration of Carbonite into OpenText.

"I would like to thank Craig for helping OpenText complete the integration of Carbonite; we are grateful for all that he has accomplished over the last year," said Mark J. Barrenechea, OpenText, CEO & CTO. "I am also very excited to announce that Prentiss Donohue will be leading the SMB/C go-to-market team. Prentiss is an accomplished OpenText veteran with extensive channel experience, who has consistently delivered incredible results for customers, partners and employees throughout his tenure at OpenText. SMB/C is a strategic market area that is contributing to our customer acquisition and cloud growth."

Prentiss Donohue joined OpenText in 2016 from Oracle, bringing more than twenty years of experience in executive roles. At OpenText, he has held a variety of senior roles, most recently serving as the Senior Vice President, Partners & Alliances.

The Partners & Alliances organization will become part of the broader enterprise sales team, reporting to Simon "Ted" Harrison, Executive Vice President, Worldwide Sales, to further strengthen OpenText's enterprise go-to-market and growth plans.  

The changes are effective immediately.  Both Mr. Harrison and Mr. Donohue report to OpenText's CEO & CTO, Mark J. Barrenechea.

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.

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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright © 2020 Open Text. All rights reserved. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text or other respective owners.

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SOURCE Open Text Corporation

FAQ

Who is Prentiss Donohue and what is his role at OpenText?

Prentiss Donohue is the newly appointed Executive Vice President of SMB/C Sales at OpenText, succeeding Craig Stilwell.

Why did OpenText appoint a new Executive Vice President for SMB/C Sales?

The appointment aims to enhance growth in the small and medium-sized business market, which is critical for customer acquisition and cloud growth.

What was Craig Stilwell's contribution to OpenText?

Craig Stilwell was instrumental in successfully integrating Carbonite into OpenText before his retirement.

What is the significance of the Partners & Alliances organization restructuring?

The restructuring is intended to strengthen OpenText's enterprise sales strategies by aligning the Partners & Alliances organization with the broader enterprise sales team.