OpenText Appoints Ayman Antoun as Chief Executive Officer

Executive Summary

• OpenText Corporation announced the appointment of Ayman Antoun as its new President and Chief Executive Officer, effective April 20 2026.
• Antoun brings over three decades of technology leadership experience, most recently as President of IBM Americas, positioning him to drive growth in cloud modernization and enterprise AI.
• The Board also confirmed that current Executive Chairman P. Thomas Jenkins will return to the role of Chair of the Board, while interim CEO James McGourlay will transition to a senior executive position within the company.

Key Details

• Appointee: Ayman Antoun – former President of IBM Americas (2020‑2023); prior roles include President of IBM Canada, GM Global Technology Services, and SVP Business Market Sales at Bell Canada.
• Effective Date: April 20 2026.
• Board Membership: Antoun will also join the OpenText Board of Directors upon appointment.
• Interim CEO Transition: James McGourlay, who has been serving as Interim CEO, will move to a role within the Executive Leadership Team.
• Chairmanship Change: P. Thomas Jenkins will step down from his dual role as Executive Chair/Chief Strategy Officer and resume duties solely as Chair of the Board.
• Strategic Rationale (per Chairman): Antoun’s expertise in cloud, infrastructure, cybersecurity, cognitive solutions, and digital modernization is expected to accelerate OpenText’s growth in Enterprise Information Management and its emerging Agentic AI business.
• CEO Quote: “OpenText's core product portfolio… offers the Company a competitive advantage as trusted data is now essential… I am energized by the opportunity to lead OpenText into its next chapter…” – Ayman Antoun.

Notable Quotes

“The Board believes that he is the best leader to drive shareholder value by growing revenue in our core Enterprise Information Management for training Agentic AI business.” – P. Thomas Jenkins, Executive Chairman & Chief Strategy Officer.

Materiality Assessment: Material – Positive (CEO change is a material corporate event with potential positive impact on strategic direction and shareholder value).