Open Text Management
Management criteria checks 2/4
Open Text's CEO is Mark Barrenechea, appointed in Jan 2012, has a tenure of 12.25 years. total yearly compensation is $23.25M, comprised of 4.1% salary and 95.9% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth $40.39M. The average tenure of the management team and the board of directors is 2.7 years and 14.8 years respectively.
Key information
Mark Barrenechea
Chief executive officer
US$23.2m
Total compensation
| CEO salary percentage | 4.1% |
| CEO tenure | 12.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 2.7yrs |
| Board average tenure | 14.8yrs |
Recent management updates
Recent updates
Open Text (NASDAQ:OTEX) Has A Pretty Healthy Balance Sheet
Mar 22
Open Text's (NASDAQ:OTEX) Soft Earnings Don't Show The Whole Picture
Feb 08Open Text: Buy The Dip Post Earnings After Solid Q2 Results
Feb 05Open Text's (NASDAQ:OTEX) Returns On Capital Not Reflecting Well On The Business
Jan 28Investors Interested In Open Text Corporation's (NASDAQ:OTEX) Earnings
Jan 15An Intrinsic Calculation For Open Text Corporation (NASDAQ:OTEX) Suggests It's 42% Undervalued
Dec 07Here's Why We Think Open Text (NASDAQ:OTEX) Is Well Worth Watching
Nov 14Here's Why Open Text (NASDAQ:OTEX) Has A Meaningful Debt Burden
Oct 20Open Text (NASDAQ:OTEX) May Have Issues Allocating Its Capital
Oct 07Is There Now An Opportunity In Open Text Corporation (NASDAQ:OTEX)?
Sep 23Here's Why Shareholders May Want To Be Cautious With Increasing Open Text Corporation's (NASDAQ:OTEX) CEO Pay Packet
Sep 08Open Text (NASDAQ:OTEX) Is Increasing Its Dividend To $0.25
Aug 25Open Text (NASDAQ:OTEX) Has Announced That It Will Be Increasing Its Dividend To $0.25
Aug 09Here's Why Open Text (NASDAQ:OTEX) Has A Meaningful Debt Burden
Jul 14Some Investors May Be Worried About Open Text's (NASDAQ:OTEX) Returns On Capital
Jun 19What Is Open Text Corporation's (NASDAQ:OTEX) Share Price Doing?
Jun 05Are Investors Undervaluing Open Text Corporation (NASDAQ:OTEX) By 41%?
May 10Returns On Capital At Open Text (NASDAQ:OTEX) Have Stalled
Mar 13Does Open Text (NASDAQ:OTEX) Have A Healthy Balance Sheet?
Feb 27Should You Think About Buying Open Text Corporation (NASDAQ:OTEX) Now?
Feb 13Are Investors Undervaluing Open Text Corporation (NASDAQ:OTEX) By 33%?
Feb 01Investors Met With Slowing Returns on Capital At Open Text (NASDAQ:OTEX)
Dec 06Does Open Text (NASDAQ:OTEX) Have A Healthy Balance Sheet?
Nov 20Are Investors Undervaluing Open Text Corporation (NASDAQ:OTEX) By 50%?
Nov 02What Does Open Text Corporation's (NASDAQ:OTEX) Share Price Indicate?
Oct 19Micro Focus International approves all-cash offer by OpenText
Oct 18OpenText and Solarity enter strategic partnership
Sep 28Open Text (NASDAQ:OTEX) Is Paying Out A Larger Dividend Than Last Year
Aug 27OpenText to acquire Micro Focus International for 532 pence/share
Aug 26CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$127m |
| Sep 30 2023 | n/a | n/a | US$348m |
| Jun 30 2023 | US$23m | US$950k | US$150m |
| Mar 31 2023 | n/a | n/a | US$301m |
| 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$1b |
Compensation vs Market: Mark's total compensation ($USD23.25M) is above average for companies of similar size in the US market ($USD8.30M).
Compensation vs Earnings: Mark's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Mark Barrenechea (58 yo)
12.3yrs
Tenure
US$23,248,282
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 |
|---|---|---|---|---|
| Vice Chairman | 12.3yrs | US$23.25m | 0.43% $ 40.4m | |
| President & Chief Customer Officer | no data | US$4.07m | 0.0039% $ 365.0k | |
| President | 6yrs | US$5.41m | 0.0099% $ 922.7k | |
| Executive VP & Chief Product Officer | 11.8yrs | US$4.35m | 0.039% $ 3.7m | |
| Executive Vice President of Enterprise Sales | 3.1yrs | US$4.38m | 0.011% $ 1.1m | |
| Senior VP & Chief Accounting Officer | 1.3yrs | no data | 0.00094% $ 87.5k | |
| Senior VP & Global Head of Investor Relations | no data | no data | no data | |
| Executive VP | 2.3yrs | no data | 0.0026% $ 244.9k | |
| Vice President & Chief Communications Officer | no data | no data | no data | |
| Executive VP & Chief Marketing Officer | 2.3yrs | no data | no data | |
| President of OpenText Worldwide Sales | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | 5.5yrs | no data | 0.0047% $ 433.9k |
2.7yrs
Average Tenure
53yo
Average Age
Experienced Management: OTEX's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman | 12.3yrs | US$23.25m | 0.43% $ 40.4m | |
| Independent Director | 15.3yrs | US$469.83k | 0.0096% $ 890.1k | |
| Independent Director | 14.3yrs | US$492.86k | 0.0075% $ 694.6k | |
| Independent Director | 17.3yrs | US$435.56k | 0% $ 0 | |
| Non-Independent Director | 26.6yrs | US$780.50k | 0.13% $ 12.1m | |
| Independent Lead Director | 26.1yrs | US$491.83k | 0.073% $ 6.8m | |
| Independent Director | 26.1yrs | US$503.37k | 0.25% $ 22.9m | |
| Independent Chairman of the Board | 29.3yrs | US$661.68k | 1.14% $ 105.7m | |
| Director | less than a year | no data | no data | |
| Independent Director | 3.6yrs | US$367.32k | 0% $ 0 | |
| Independent Director | 2.8yrs | US$352.68k | 0% $ 0 | |
| Independent Director | 5.6yrs | US$370.89k | 0.000090% $ 8.4k |
14.8yrs
Average Tenure
63yo
Average Age
Experienced Board: OTEX's board of directors are seasoned and experienced ( 14.8 years average tenure).