Fourth Quarter Fiscal Year 2025 Financial Results to be Released on Thursday, August 7, 2025

Company Reports Strong Preliminary Q4FY25 Revenue Expectations of approximately US$1.31 Billion

WATERLOO, ON, July 9, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX) announced today that Chadwick Westlake will step down as EVP, Chief Financial Officer to assume the President & Chief Executive Officer role at his former employer, EQB, following the unexpected passing of its CEO. Mr. Westlake's departure will be effective August 15, 2025, post-completion of OpenText's fiscal year-end reporting.

OpenText has initiated a comprehensive search to identify a long-term successor with the assistance of a leading executive search firm. Following Mr. Westlake's departure in August and until the search is completed, Cosmin Balota, OpenText's SVP, Chief Accounting Officer, will serve as CFO on an interim basis.  Mr. Balota has over 30 years of experience, joined OpenText in 2019, and is a Chartered Professional Accountant in Canada and holds a Master of Accounting from the University of Waterloo.