Open Text Corporation announced that On December 2, 2022, Howard Rosen, Chief Accounting Officer of Open Text Corporation (OpenText or the Company) retired from the Company and his position as principal accounting officer, effective December 15, 2022. Mr. Rosen will remain with the Company through December 15, 2022 to ensure a smooth transition. The Company has appointed OpenText finance executive veteran, Cosmin Balota, 48, as its principal accounting officer to serve in the position of Senior Vice President and Chief Accounting Officer, effective as of December 15, 2022.

Mr. Balota has served in increasingly senior accounting roles within the Company from January 2019 to present, including most recently as Vice President, Accounting & Reporting. Previously, Mr. Balota has over 25 years of U.S., Canadian and international accounting experience, including holding senior finance and accounting positions with Enercare Inc., Expedia Group, The Globe and Mail, and Deloitte. Mr. Balota is a Chartered Professional Accountant (CPA) and Chartered Accountant (CA) in Canada and holds a Bachelor of Arts degree in Chartered Accountancy Studies and a Master of Accounting degree from The University of Waterloo.

Mr. Balota will report to Madhu Ranganathan, the Company's Executive Vice President, Chief Financial Officer.