OpenText Appoints Steve Rai EVP, Chief Financial Officer
OpenText (NASDAQ: OTEX) has appointed Steve Rai as Executive Vice President and Chief Financial Officer, effective October 6, 2025. Rai brings over 30 years of global finance experience, most recently serving as CFO of BlackBerry Limited, where he led financial strategy during significant technological transitions.
Rai, who holds a Bachelor of Business Administration from Simon Fraser University and is a Certified Public Accountant, will be based in Waterloo, Ontario. He succeeds Interim CFO Cosmin Balota, who will return to his role as Chief Accounting Officer.
OpenText (NASDAQ: OTEX) ha nominato Steve Rai come Amministratore Delegato Esecutivo e Chief Financial Officer, con effetto 6 ottobre 2025. Rai porta oltre 30 anni di esperienza finanziaria globale, avendo ricoperto recentemente il ruolo di CFO di BlackBerry Limited, dove ha guidato la strategia finanziaria durante significativi passaggi tecnologici.
Rai, che possiede una laurea in Amministrazione Aziendale presso la Simon Fraser University ed è un Certified Public Accountant, avrà sede a Waterloo, Ontario. Sostituisce il CFO ad interim Cosmin Balota, che tornerà al suo ruolo di Chief Accounting Officer.
OpenText (NASDAQ: OTEX) ha designado a Steve Rai como Vicepresidente Ejecutivo y Director Financiero, con efectos a partir del 6 de octubre de 2025. Rai aporta más de 30 años de experiencia financiera global, habiendo ocupado recientemente el cargo de CFO de BlackBerry Limited, donde dirigió la estrategia financiera durante importantes transiciones tecnológicas.
Rai, que posee una Licenciatura en Administración de Empresas de la Simon Fraser University y es Contador Público Certificado, estará ubicado en Waterloo, Ontario. Reemplaza al CFO interino Cosmin Balota, quien volverá a su función de Director de Contabilidad.
OpenText (NASDAQ: OTEX)가 Steve Rai를 최고경영자 겸 최고재무책임자(CFO)로 임명하며, 임기는 2025년 10월 6일부터 시작됩니다. Rai는 전 세계 재무 분야에서 30년이 넘는 경력을 가지고 있으며, 최근 BlackBerry Limited의 CFO로 재무 전략을 주도하면서 중요한 기술 전환을 이끌었습니다.
Rai는 사이몬 프레이저 대학교에서 경영학 학사(BBA) 학위를 소지하고 공인회계사(CPA) 자격을 갖추고 있으며, 온타리오주 워털루에 주재하게 됩니다. 그는 임시 CFO인 Cosmin Balota를 이어받아 Chief Accounting Officer의 역할로 돌아가게 됩니다.
OpenText (NASDAQ: OTEX) a nommé Steve Rai comme vice-président exécutif et directeur financier, à compter du 6 octobre 2025. Rai apporte plus de 30 ans d'expérience financière mondiale, ayant récemment occupé le poste de CFO de BlackBerry Limited, où il a dirigé la stratégie financière lors de transitions technologiques importantes.
Rai, titulaire d'un baccalauréat en administration des affaires de l'Université Simon Fraser et comptable agréé, sera basé à Waterloo, en Ontario. Il succède au CFO intérimaire Cosmin Balota, qui reviendra à son rôle de Chief Accounting Officer.
OpenText (NASDAQ: OTEX) hat Steve Rai zum Executive Vice President und Chief Financial Officer ernannt, mit Wirkung vom 6. Oktober 2025. Rai bringt über 30 Jahre globale Finanzerfahrung mit und war zuletzt CFO von BlackBerry Limited, wo er die Finanzstrategie während bedeutender technologischer Übergänge leitete.
Rai, der einen Bachelor in Betriebswirtschaft von der Simon Fraser University besitzt und Certified Public Accountant ist, wird seinen Sitz in Waterloo, Ontario haben. Er tritt die Nachfolge des Interim-CFO Cosmin Balota an, der zu seiner Rolle als Chief Accounting Officer zurückkehrt.
OpenText (NASDAQ: OTEX) عينت ستيف راي كنائب رئيس تنفيذي وكبير مسؤولي المالية، اعتباراً من 6 أكتوبر 2025. يجلب راي أكثر من 30 عاماً من الخبرة العالمية في التمويل، وهو الآن يشغل منصب المدير المالي في BlackBerry Limited، حيث قاد الاستراتيجية المالية خلال تحولات تكنولوجية مهمة.
راي، الحاصل على بكالوريوس في إدارة الأعمال من جامعة سيمون فريزر وهو محاسب عام معتمد، سيتواجد مكتبه في واطرلو، أونتاريو. يحل مكان المدير المالي المؤقت كوزمين بالوتا، الذي سيعود إلى دوره كـ Chief Accounting Officer.
OpenText (NASDAQ: OTEX) 已任命 Steve Rai 为执行副总裁兼首席财务官，任期自 2025年10月6日起生效。Rai 拥有超过 30 年的全球金融经验，最近担任 BlackBerry Limited 的 CFO，在重大技术转型期间领导财务策略。
Rai 拥有西蒙弗雷泽大学的工商管理学士学位并且是注册会计师，将常驻安大略省滑铁卢。他接替临时 CFO Cosmin Balota，后者将回到 Chief Accounting Officer 的职位。
- Appointment of experienced CFO with over 30 years of global finance expertise
- Strong technology industry background from leadership roles at BlackBerry and PMC-Sierra
- Strategic hire to support company's AI and growth initiatives
- Second CFO transition in recent months, indicating potential leadership instability
- Company currently operating under interim CEO leadership
Mr. Rai brings over 30 years of global finance experience and a proven track record as a technology industry veteran. He has built a reputation for strong leadership, integrity, and deep operational expertise across both high-growth environments and established global enterprises. Mr. Rai most recently served as Chief Financial Officer of BlackBerry Limited, where he played a pivotal role in transforming the company's financial strategy and operating structure during significant technological and organizational changes. Before joining BlackBerry, Mr. Rai held senior finance positions at PMC-Sierra and PricewaterhouseCoopers LLP.
"We are very pleased to welcome Steve to OpenText," said James McGourley, interim OpenText CEO. "Steve's impressive background as a leader in finance and operations in the technology industry will help us drive our next phase of growth and strategic vision. Steve will be based out of
"The work OpenText is doing to empower organizations around the world through secure information management is transformational," said Steve Rai. "I am excited to be joining the organization at this critical juncture in the age of AI and look forward to helping the company achieve its vision."
Mr. Rai holds a Bachelor of Business Administration degree with an accounting and finance major from Simon Fraser University in
Mr. McGourley further added, "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."
About OpenText
OpenText is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at https://www.opentext.com.
Cautionary Statement Regarding Forward-Looking Statements
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. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our executive's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
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SOURCE Open Text Corporation
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