On October 1, 2025, OpenText Corporation announced that Steve Rai will serve as Executive Vice President and Chief Financial Officer, effective October 6, 2025. The appointment follows the interim tenure of Cosmin Balota, who had stepped in as interim CFO after the departure of Chadwick Westlake.
Rai brings more than three decades of global finance experience, most recently as Chief Financial Officer of BlackBerry Limited, where he led the company’s financial strategy through significant technological and organizational changes. Prior to BlackBerry, he held senior finance roles at PMC‑Sierra and PricewaterhouseCoopers LLP.
The appointment of a seasoned CFO is a material event for OpenText, as it signals a new direction for financial stewardship and capital allocation. Rai’s track record in high‑growth technology environments positions him to support OpenText’s strategic transformation, drive operational efficiency, and enhance shareholder returns.
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