OpenText Appoints Fletcher Previn to Board of Directors

Rhea-AI Summary

OpenText (NASDAQ: OTEX) has appointed Fletcher Previn to its board of directors. Previn currently serves as Senior Vice President & Chief Information Officer of Cisco Systems. He brings over 20 years of IT experience, including 15 years at IBM where he served as Global Chief Information Officer leading a team of 12,000+ IT professionals. The appointment aligns with OpenText's board refreshment strategy, focusing on skill-set diversity and expertise matching the company's growth and margin expansion goals. Previn holds a Bachelor of Arts degree from Connecticut College and has extensive experience in IT modernization, software development, and agile transformation.

Positive

• Strategic board appointment brings extensive IT leadership experience
• Addition of expertise in IT modernization and digital transformation
• Alignment with company's growth and margin expansion strategy

Negative

• None.

WATERLOO, ON, Nov. 26, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced the appointment of Fletcher Previn to its board of directors. Mr. Previn is Senior Vice President & Chief Information Officer of Cisco Systems, Inc., a worldwide technology leader that connects a broad range of technologies that help to power, secure, and draw insights from the Internet.

"I am very pleased to welcome Fletcher to the OpenText Board," said Tom Jenkins, Chair of the Board of Directors. "He is a highly qualified executive with over 20 years of experience in IT with extensive expertise in guiding large organizations through significant shifts and in driving agile transformation and modern ways of working, IT modernization, software development, and delivering productivity tools. Fletcher's appointment reflects the Board's ongoing commitment to board refreshment and skill-set diversity, as well as further aligning the qualifications and expertise of our directors with our strategy and significant growth and margin expansion opportunities."

Prior to joining Cisco, Mr. Previn spent 15 years at IBM, with his most recent role serving as their Global Chief Information Officer where he led a global team of more than 12,000 IT professionals. A systems engineer by training, Mr. Previn holds a Bachelor of Arts degree from Connecticut College.

About OpenText

OpenText is the leading Information Management software and services company in the world.  We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology.  For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com. 

OTEX-F

Copyright ©2024 Open Text. 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. All rights reserved. For more information, visit: https://www.opentext.com/about/copyright-information.

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SOURCE Open Text Corporation

FAQ

Who is Fletcher Previn and what is his role at OpenText (OTEX)?

Fletcher Previn is the newly appointed board member at OpenText (OTEX). He currently serves as Senior Vice President & Chief Information Officer of Cisco Systems and previously was Global CIO at IBM.

What experience does Fletcher Previn bring to OpenText's (OTEX) board?

Fletcher Previn brings over 20 years of IT experience, including 15 years at IBM where he led a team of 12,000+ IT professionals. He has expertise in IT modernization, software development, agile transformation, and delivering productivity tools.

When did OpenText (OTEX) announce Fletcher Previn's board appointment?

OpenText (OTEX) announced Fletcher Previn's appointment to its board of directors on November 26, 2024.