OpenText Appoints Chadwick Westlake as CFO for Strategic Growth Initiatives

OpenText Welcomes Chadwick Westlake as Chief Financial Officer

On February 26, 2025, OpenText™ (NASDAQ: OTEX, TSX: OTEX) announced an important leadership change geared towards bolstering its strategic goals. Chadwick Westlake has been appointed as the new Executive Vice President and Chief Financial Officer, effective from March 5, 2025. This follows the notable tenure of Madhu Ranganathan, the outgoing CFO, who has served the company for seven impactful years.

Chadwick Westlake brings a wealth of experience to OpenText, having previously held the CFO position at EQB Inc., a leading figure in digital financial services. During his time there, he not only managed corporate strategy and financial oversight but also played critical roles in treasury, capital markets, investor relations, and strategic improvements.

Prior to EQB, Westlake dedicated over 18 years at Scotiabank, where he made significant strides in various roles culminating as Executive Vice President of Enterprise Productivity in Canadian Banking Finance. His work focused on global cost transformations and enhanced productivity across the organization, positioning him as a transformative leader in the financial sector.

Mark J. Barrenechea, CEO and CTO of OpenText, expressed his enthusiasm about Westlake's appointment, calling him an “outstanding executive” with a proven record of driving profitable growth and shareholder value. Barrenechea indicated that Westlake's entrepreneurial spirit and leadership skills will be vital as OpenText seeks to enter its next phase of growth. Westlake will operate from Richmond Hill, Ontario, demonstrating the firm's commitment to Canadian leadership.

Upon his appointment, Westlake remarked that it is an exhilarating time to join OpenText, noting the company's significant advancements in executing its long-term strategy. He emphasized OpenText's unique global operating model and commitment to creating exceptional customer experiences. His primary goal is to leverage these strengths to enhance efficiencies across the business and aim for a robust Fiscal 2026.

In addition to his focus on growth, Westlake aims to boost total shareholder returns and foster long-term value creation. Barrenechea also expressed gratitude towards Madhu Ranganathan for her exceptional service and dedication during her time with the company, wishing her the best in her future endeavors.

OpenText, recognized as a leading provider of Information Management software and services globally, is dedicated to solving complex global issues through their extensive suite of Business Clouds, Business AI, and Business Technology. The appointment of Chadwick Westlake is expected to push the company further towards attaining its strategic objectives and enhancing its competitive edge in the market.

Taking into account the multifaceted challenges in today's rapidly evolving market landscape, Westlake's contributions are anticipated to yield fruitful outcomes for OpenText and its stakeholders, reinforcing the company's commitment to excellence and innovative solutions.

For further insights into OpenText and its offerings, visit OpenText's official website.