Mark Barrenechea - Open Text CEO, CTO and Non Independent Director

OTEX Stock  USD 30.28  0.83  2.82%   

CEO

Mr. Mark J. Barrenechea is Chief Executive Officer, Vice Chairman of the Board, Chief Technology Officer of the Company. Mr. Barrenechea joined OpenText in January 2012 as the President and Chief Executive Officer. In January 2016, Mr. Barrenechea stepped down as President and assumed the role of Chief Technology Officer, while remaining the Companys Chief Executive Officer. In September 2017, Mr. Barrenechea was appointed Vice Chair, in addition to remaining the Chief Executive Officer and Chief Technology Officer. Before joining OpenText, Mr. Barrenechea was President and Chief Executive Officer of Silicon Graphics International Corporation, where he also served as a member of the Board. During Mr. Barrenecheas tenure at SGI, he led strategy and execution, which included transformative acquisition of assets, as well as penetrating diverse new markets and geographic regions. Mr. Barrenechea also served as a director of SGI from 2006 to 2012. Prior to SGI, Mr. Barrenechea served as Executive Vice President and CTO for CA, Inc. from 2003 to 2006 and was a member of the executive management team. Before going to CA, Mr. Barrenechea was the Senior Vice President of Applications Development at Oracle Corporation from 1997 to 2003, managing a multithousand person global team while serving as a member of the executive management team. From 1994 to 1997, Mr. Barrenechea served as Vice President of Development at Scopus, a software applications company. Prior to Scopus, Mr. Barrenechea was the Vice President of Development at Tesseract, where he was responsible for reshaping the companys line of human capital management software. Mr. Barrenechea serves as a member of the Board and Audit Committee of Dicks Sporting Goods and also serves as a board member of Hamilton Insurance Group since 2017.
Age 59
Tenure 7 years
Address 275 Frank Tompa Drive, Waterloo, ON, Canada, N2L 0A1
Phone519 888 7111
Webhttps://www.opentext.com
Barrenechea holds a BS degree in computer science from Saint Michael’s College.

Open Text Management Efficiency

The company has return on total asset (ROA) of 0.0427 % which means that it generated a profit of $0.0427 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.115 %, meaning that it created $0.115 on every $100 dollars invested by stockholders. Open Text's management efficiency ratios could be used to measure how well Open Text manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Open Text's Return On Capital Employed is fairly stable compared to the past year. Return On Equity is likely to rise to 0.12 in 2024, whereas Return On Tangible Assets are likely to drop 0.06 in 2024. At this time, Open Text's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 12.5 B in 2024, whereas Other Assets are likely to drop 0.95 in 2024.
Open Text Corp currently holds 6.69 B in liabilities with Debt to Equity (D/E) ratio of 1.11, which is about average as compared to similar companies. Open Text Corp has a current ratio of 1.53, which is within standard range for the sector. Note, when we think about Open Text's use of debt, we should always consider it together with its cash and equity.

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Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions. Open Text Corporation was incorporated in 1991 and is headquartered in Waterloo, Canada. Open Text operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 14800 people. Open Text Corp (OTEX) is traded on NASDAQ Exchange in USA. It is located in 275 Frank Tompa Drive, Waterloo, ON, Canada, N2L 0A1 and employs 21,800 people. Open Text is listed under Application Software category by Fama And French industry classification.

Management Performance

Open Text Corp Leadership Team

Elected by the shareholders, the Open Text's board of directors comprises two types of representatives: Open Text inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Open. The board's role is to monitor Open Text's management team and ensure that shareholders' interests are well served. Open Text's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Open Text's outside directors are responsible for providing unbiased perspectives on the board's policies.
Douglas Parker, Senior Vice President - Corporate Development
Howard CPA, VP Officer
Brian Sweeney, Executive Officer
Michael Acedo, Chief VP
Denise Miura, Senior Japan
Renee McKenzie, Ex Officer
Sandy Ono, Executive Officer
Simon Harrison, Senior Vice President - Enterprise Sales
Harry Blount, Senior Relations
Shannon Bell, Executive Officer
Cosmin Balota, Senior Officer
Jen Bell, Vice Officer
Paul Rodgers, Executive Operations
Paul Duggan, Executive Officer
Prentiss Donohue, Executive Sales
Muhi Majzoub, Sr. VP of Engineering
Christopher McGourlay, Executive Sales
Mark Barrenechea, CEO, CTO and Non Independent Director
Todd Cione, President Sales
Gabrielle Sukman, Investor Advisor

Open Stock Performance Indicators

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