.jpg)
OpenText Corporation, a global leader in secure information management for AI, has appointed Steve Rai as Executive Vice President and Chief Financial Officer, effective October 6, 2025. With over 30 years of finance experience in the technology sector, Rai's expertise in high-growth and established enterprises positions him to guide OpenText's financial strategy amid evolving AI-driven demands.
Steve Rai emerges as a seasoned technology finance executive, boasting more than three decades of global experience. His career highlights include serving as Chief Financial Officer at BlackBerry Limited, where he spearheaded financial strategy transformations amid major technological and organizational shifts. Prior roles at PMC-Sierra and PricewaterhouseCoopers LLP further honed his operational expertise across dynamic environments. Holding a Bachelor of Business Administration with a major in accounting and finance from Simon Fraser University, Rai is also a Certified Public Accountant through the American Institute of Certified Public Accountants and a member of the Chartered Professional Accountants in British Columbia.
This appointment underscores OpenText's commitment to robust financial leadership as it advances in AI and secure information management. "We are very pleased to welcome Steve to OpenText," said James McGourley, interim OpenText CEO. "Steve's impressive background as a leader in finance and operations in the technology industry will help us drive our next phase of growth and strategic vision. Steve will be based out of Waterloo, Ontario, Canada, and I look forward to him joining the team." Rai's integration into the executive team aims to enhance operational efficiency and support innovative business technology solutions for global organizations.
Mr. McGourley further added, "I would like to take this opportunity to thank Cosmin Balota for stepping in as Interim CFO for the past two months and for the continuing transition support as he resumes his role as Chief Accounting Officer of the Company."
Reflecting on the opportunity, Rai expressed enthusiasm for OpenText's mission. "The work OpenText is doing to empower organizations around the world through secure information management is transformational," said Steve Rai. "I am excited to be joining the organization at this critical juncture in the age of AI and look forward to helping the company achieve its vision." This leadership transition signals a pivotal moment for OpenText, aligning financial acumen with its cloud and AI-focused strategy to foster sustained innovation and efficiency.
OpenText is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.