Open Text Management

Management criteria checks 3/4

Open Text's CEO is Mark Barrenechea, appointed in Jan 2012, has a tenure of 11.25 years. total yearly compensation is $15.94M, comprised of 6% salary and 94% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth MX$760.20M. The average tenure of the management team and the board of directors is 2 years and 14.3 years respectively.

Key information

Mark Barrenechea

Chief executive officer

US$15.9m

Total compensation

CEO salary percentage	6.0%
CEO tenure	11.3yrs
CEO ownership	0.4%
Management average tenure	2yrs
Board average tenure	14.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mark Barrenechea's remuneration changed compared to Open Text's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	n/a	n/a	US$318m
Sep 30 2022	n/a	n/a	US$148m
Jun 30 2022	US$16m	US$950k	US$397m
Mar 31 2022	n/a	n/a	US$476m
Dec 31 2021	n/a	n/a	US$493m
Sep 30 2021	n/a	n/a	US$339m
Jun 30 2021	US$21m	US$891k	US$311m
Mar 31 2021	n/a	n/a	US$156m
Dec 31 2020	n/a	n/a	US$90m
Sep 30 2020	n/a	n/a	US$263m
Jun 30 2020	US$10m	US$932k	US$234m
Mar 31 2020	n/a	n/a	US$280m
Dec 31 2019	n/a	n/a	US$327m
Sep 30 2019	n/a	n/a	US$324m
Jun 30 2019	US$8m	US$950k	US$286m
Mar 31 2019	n/a	n/a	US$275m
Dec 31 2018	n/a	n/a	US$261m
Sep 30 2018	n/a	n/a	US$242m
Jun 30 2018	US$7m	US$950k	US$242m
Mar 31 2018	n/a	n/a	US$227m
Dec 31 2017	n/a	n/a	US$189m
Sep 30 2017	n/a	n/a	US$149m
Jun 30 2017	US$12m	US$945k	US$1b
Mar 31 2017	n/a	n/a	US$1b
Dec 31 2016	n/a	n/a	US$1b
Sep 30 2016	n/a	n/a	US$1b
Jun 30 2016	US$7m	US$945k	US$284m

Compensation vs Market: Mark's total compensation ($USD15.94M) is above average for companies of similar size in the MX market ($USD5.70M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.

CEO

Mark Barrenechea (57 yo)

11.3yrs

Tenure

US$15,937,443

Compensation

Mr. Mark J. Barrenechea has been the Chief Executive Officer of OpenText Public Sector Solutions, Inc. and served as its President since January 2, 2012. He has been Chief Technology Officer at OpenText si...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Barrenechea	Vice Chairman	11.3yrs	US$15.94m	0.42% MX$ 760.2m
Madhu Ranganathan	Executive VP & CFO	5yrs	US$4.22m	0.010% MX$ 19.1m
Muhi Majzoub	Executive VP & Chief Product Officer	10.8yrs	US$3.14m	0.037% MX$ 66.8m
Simon Harrison	Executive Vice President of Enterprise Sales	no data	US$3.44m	0.0099% MX$ 18.1m
Cosmin Balota	Senior VP & Chief Accounting Officer	less than a year	no data	0.00049% MX$ 894.4k
Renee McKenzie	Executive VP of IT & Chief Information Officer	2yrs	no data	0.0019% MX$ 3.5m
Harry Blount	Senior VP & Global Head of Investor Relations	no data	no data	no data
Michael Acedo	Executive VP	1.3yrs	no data	0.0022% MX$ 4.0m
Jen Bell	Vice President & Chief Communications Officer	no data	no data	no data
Douglas Parker	Executive Vice President of Corporate Development	1.3yrs	no data	0.0011% MX$ 2.0m
Sandy Ono	Executive VP & Chief Marketing Officer	1.3yrs	no data	no data
Brian Sweeney	Executive VP & Chief Human Resources Officer	4.5yrs	no data	0.0037% MX$ 6.8m

2.0yrs

Average Tenure

51.5yo

Average Age

Experienced Management: OTEX N's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Barrenechea	Vice Chairman	11.3yrs	US$15.94m	0.42% MX$ 760.2m
Katharine Stevenson	Independent Director	14.3yrs	US$444.89k	0.0096% MX$ 17.5m
Deborah Weinstein	Independent Director	13.3yrs	US$465.34k	0.0075% MX$ 13.7m
Gail Hamilton	Independent Director	16.3yrs	US$417.89k	0% MX$ 0
Stephen Sadler	Non-Independent Director	25.6yrs	US$848.76k	0.13% MX$ 237.4m
Randy Fowlie	Independent Lead Director	25.1yrs	US$467.73k	0.073% MX$ 133.6m
Michael Slaunwhite	Independent Director	25.1yrs	US$472.22k	0.35% MX$ 644.4m
Paul Jenkins	Independent Chairman of the Board	28.3yrs	US$636.84k	1.14% MX$ 2.1b
Robert Hau	Independent Director	2.6yrs	US$358.56k	0% MX$ 0
Ann M. Judge	Independent Director	1.8yrs	US$426.61k	0% MX$ 0
David Fraser	Independent Director	4.6yrs	US$355.52k	0.000070% MX$ 127.8k

14.3yrs

Average Tenure

62yo

Average Age

Experienced Board: OTEX N's board of directors are seasoned and experienced ( 14.3 years average tenure).

Open Text Management

Management criteria checks 3/4

Key information

Recent management updates

Open Text Corporation Announces Resignation of Ann M. Powell as Director

Open Text Corporation, Annual General Meeting, Sep 12, 2024

Open Text Corporation Announces Appointment of Denise Miura as SVP & President of OpenText Japan

Open Text Corporation Appoints Goldy Hyder to its Board of Directors

Open Text Corporation, Annual General Meeting, Sep 14, 2023

Open Text Corporation Announces Executive Changes

Recent updates

Open Text Corporation Launches New Partner Enterprise Learning Subscription

Open Text Corporation Declares Quarterly Cash Dividend, Payable December 20, 2024

Open Text Corporation to Report Q1, 2025 Results on Oct 31, 2024

Open Text Corporation Announces Resignation of Ann M. Powell as Director

OpenText Unveils its OpenText Axcelerate with Aviator

Open Text Corporation Declares Quarterly Cash Dividend, Payable on September 20, 2024

Open Text Corporation to Report Q4, 2024 Results on Aug 01, 2024

Open Text Corporation, Annual General Meeting, Sep 12, 2024

Open Text Corporation Plans Reduction of Approximately 1,200 Positions Across

OpenText Empowers Cyber Defenders with Innovations to Outmaneuver Sophisticated Threats

Open Text Corporation Announces Quarterly Cash Dividend, Payable on June 18, 2024

Open Text Corporation Announces Cloud Editions 24.2

Open Text Corporation to Report Q3, 2024 Results on May 02, 2024

Open Text Corporation Declares Cash Dividend, Payable on March 20, 2024

Open Text Corporation to Report Q2, 2024 Results on Feb 01, 2024

Open Text Corporation Announces Appointment of Denise Miura as SVP & President of OpenText Japan

Open Text Corporation Appoints Goldy Hyder to its Board of Directors

Open Text Corporation Declares Cash Dividend, Payable on December 20, 2023

OpenText AI Enables Smarter Organizations

Open Text Corporation to Report Q1, 2024 Results on Nov 02, 2023

Open Text Corporation acquired KineMatik Ltd.

Open Text Corporation Declares Quarterly Dividend, Payable on September 22, 2023

Open Text Corporation to Report Q4, 2023 Results on Aug 03, 2023

Open Text Corporation to Report Q4, 2023 Results on Aug 03, 2023

Open Text Corporation, Annual General Meeting, Sep 14, 2023

Open Text Corporation Declares Cash Dividend, Payable on June 23, 2023

Open Text Corporation Announces Cloud Editions 23.1

Second quarter 2023 earnings released: EPS: US$0.96 (vs US$0.32 in 2Q 2022)

Open Text Corporation Provides Earnings Guidance for the Year 2023

Open Text Corporation Declares Dividend, Payable on March 23, 2023

Open Text Corporation (NasdaqGS:OTEX) completed the acquisition of Micro Focus International plc (LSE : MCRO) from Dodge & Cox & Others.

Open Text Corporation to Report Q2, 2023 Results on Feb 02, 2023

Open Text Corporation Announces Executive Changes

Open Text Corporation Reaffirms Financial Guidance for the Fiscal Year 2022

Open Text Corporation Introduces Cloud Editions 22.4 and Project Titanium

OpenText Security Solutions Announces Nastiest Malware of 2022

Open Text Corporation (NasdaqGS:OTEX) entered into an agreement to acquire Micro Focus International plc (LSE:MCRO) for £1.8 billion

Open Text Corporation (NasdaqGS:OTEX) entered into an agreement to acquire Micro Focus International plc (LSE:MCRO) for £1.8 billion

Open Text Corporation Declares Quarterly Cash Dividend, Payable on September 23, 2022

Open Text Corporation Unveils Cloud Editions 22.3

Open Text Corporation, Annual General Meeting, Sep 15, 2022

Open Text Corporation to Report Q4, 2022 Results on Aug 04, 2022

OpenText Powers the Information Advantage with Cloud Editions 22.2

Opentext Business Network Cloud Innovations Drive Seamless Connectivity Across Digital Ecosystems

Open Text Corporation Security Cloud Powers and Protects Businesses

Upcoming dividend of US$0.22 per share

Open Text Corporation Announces Quarterly Cash Dividend, Payable on June 24, 2022

Open Text Corporation to Report Q3, 2022 Results on May 04, 2022

Senior VP & Chief Information Officer recently sold Mex$1.4m worth of stock

OpenText Showcases Latest eDiscovery Innovations At Legalweek New York 2022

Open Text Corporation Announces Cloud Editions 22.1 (Ce 22.1) Featuring New and Enhanced Innovations That Enable Organizations to Leverage Information for Digital Business Transformations

Insider recently bought Mex$9.2m worth of stock

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Open Text Corporation Declares Quarterly Cash Dividend, Payable on March 25, 2022

Open Text Corporation (NasdaqGS:OTEX) completed the acquisition of Zix Corporation (NasdaqGS : ZIXI)

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age