08:22 AM EDT, 08/11/2025 (MT Newswires) -- Open Text ( OTEX ) , a Cloud and AI company, on Monday appointed its current Executive Vice President, International Sales, James McGourlay as interim chief executive.

McGourlay, who has been with OpenText for more than 25 years, has held senior roles in sales, customer operations, IT, technical support, product support and special projects.

OpenText Executive Vice President and Chief Product Officer Savinay Berry has been named Chief Technology Officer. To support the executive leadership team during the transition period, the company also announced the appointment of P. Thomas Jenkins as executive chair and chief strategy officer, and the establishment of an executive committee.

"After a thorough review of the business and its performance, and as we look ahead to the company's future, the board believes there is an opportunity to enhance shareholder value by growing revenue in our core Information Management for AI business and redeploying capital from the non-core assets," said Jenkins.

The board also formed a CEO search committee to identify its next CEO.

U.S.-listed shares of the company were last seen up 0.8% at $31.16 in pre-market trading.