OpenText Appoints Jill Larsen to Board of Directors

(Neutral)

(Positive)

Rhea-AI Summary

OpenText (NASDAQ/TSX: OTEX) has appointed Jill Larsen to its board of directors, effective immediately. According to OpenText, Larsen is Chief People Officer at Synopsys and has held senior HR leadership roles at PTC, Medidata, Cisco Systems, EMC and SunGard.

OpenText said Larsen brings experience in organizational strategy, talent planning, executive compensation and workforce design. The company also announced that director Kristen Ludgate has resigned from the board for personal reasons, effective today, and stated her resignation was not due to any disagreement with the company.

Positive

New board member with global HR experience appointed effective immediately
Board governance on people and culture strengthened by executive with compensation and workforce-planning background

Negative

Existing director Kristen Ludgate resigns from the board effective immediately

News Market Reaction – OTEX

-0.64%

-0.64% Session close to close

In the Jul 17 session, OTEX declined 0.64%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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07/17/2026 - 08:30 AM

WATERLOO, ON, July 17, 2026 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), a global leader in data management for enterprise AI, today announced the appointment of Jill Larsen to its board of directors (the Board) effective immediately. Ms. Larsen is a seasoned executive, currently serving as Chief People Officer at Synopsys, Inc., a publicly traded global technology company and leader in engineering solutions from silicon to systems. At Synopsys, Ms. Larsen focuses on organizational strategy and talent planning, cultural vitality, employee experience, total rewards and leadership development, serving a global workforce of over 25,000 employees.

Prior to Synopsys, Ms. Larsen served as a Chief People Officer and C-suite executive in global public and private companies including PTC, Medidata, Cisco Systems, EMC, and SunGard. Throughout her extensive career, Ms. Larsen has architected and managed best-in-class human resources organizations and overseen talent and digital transformations at global scale across a variety of technology companies. Ms. Larsen earned a B.A. in Communications & English from Boston College and an M.S. in HR Management from Emmanuel College. She is a certified Professional in Human Resources and a member of the National Association of Corporate Directors.

"We are pleased to welcome Jill to the OpenText Board," said Tom Jenkins, Chair of the Board, OpenText. "She is a seasoned technology executive with extensive experience in executive compensation, workforce planning, talent acquisition and organizational design. Having led global workforces at large technology companies, she will be highly valuable in supporting the Board's governance of our people and culture priorities, in line with shareholder expectations."

In conjunction with Ms. Larsen's appointment to the Board, the Company also announced that Kristen Ludgate has notified the Company of her decision to resign from the Board.

"On behalf of the leadership team, we thank Kristen for her partnership and contributions to the Board and wish her every success ahead," said Ayman Antoun, CEO, OpenText. "We're also pleased to welcome Jill to the Board, whose voice at the table will help drive our next stage of growth."

Ms. Ludgate's resignation from the Board was for personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company accepts Ms. Ludgate's resignation, effective today, and thanks her for her service and contributions to the Board.

OTEX-G

About OpenText

OpenText™ is a global leader in data management for enterprise AI, helping organizations protect, govern, and activate their data with confidence. Our technologies turn data into information with context to form the knowledge base for enterprise AI. Learn more at www.opentext.com.

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SOURCE Open Text Corporation

FAQ

Who is Jill Larsen, the new OpenText (OTEX) board member appointed in July 2026?

Jill Larsen is a senior HR and talent executive appointed to the OpenText board effective immediately. According to OpenText, she is Chief People Officer at Synopsys and has led human resources functions at multiple global technology companies, including PTC, Medidata, Cisco Systems, EMC and SunGard.

When did OpenText (OTEX) appoint Jill Larsen to its board of directors?

OpenText appointed Jill Larsen to its board of directors effective immediately on July 17, 2026. According to OpenText, her appointment adds expertise in organizational strategy, talent planning, executive compensation and workforce design to support the board’s oversight of people and culture priorities aligned with shareholder expectations.

Why did Kristen Ludgate resign from the OpenText (OTEX) board of directors?

OpenText stated that Kristen Ludgate resigned from its board for personal reasons, effective July 17, 2026. According to OpenText, her resignation was not the result of any disagreement with the company regarding operations, policies or practices, and the board thanked her for her service and contributions.

Does the resignation of Kristen Ludgate from OpenText (OTEX) involve any dispute with the company?

OpenText reported that Kristen Ludgate’s resignation from the board did not involve any disagreement with the company. According to OpenText, the decision was for personal reasons, and the company formally accepted her resignation while expressing appreciation for her partnership and contributions to the board.

What experience does Jill Larsen bring to the OpenText (OTEX) board of directors?

Jill Larsen brings extensive experience leading human resources and talent strategies at large global technology companies. According to OpenText, she focuses on organizational strategy, talent planning, cultural vitality, employee experience, total rewards and leadership development, and has overseen talent and digital transformations across multiple public and private technology organizations.

How might Jill Larsen’s appointment impact OpenText (OTEX) governance on people and culture?

OpenText expects Jill Larsen to support board governance of people and culture priorities. According to OpenText, her background in executive compensation, workforce planning, talent acquisition and organizational design will help align workforce oversight with shareholder expectations and support the company’s next stage of growth.