OpenText announced that Paul McFeeters has informed the Company that he will be retiring from his position as Chief Financial Officer no later than September 30, 2014. OpenText has engaged a leading executive search firm and expects to announce Mr. McFeeters' successor on or before his retirement. Mr. McFeeters was appointed CFO of OpenText in June 2006.
"Paul has served as our CFO for 8 years, his career spans nearly 40 years and I would like to take this opportunity to thank him for his extraordinary service to the company. Although I am sad to see him leave, I am glad he is taking the time for himself and his family," said OpenText CEO Mark J. Barrenechea. "As many of us who know Paul well and would expect, he has built an outstanding professional finance team, and will help with the selection of his successor."