OpenText appoints former HP executive Kristen Ludgate to board

WATERLOO, ON - OpenText Corporation (NASDAQ:OTEX), (TSX:OTEX), a technology company currently valued at $7.3 billion with impressive gross profit margins of 76%, announced today the appointment of Kristen Ludgate to its board of directors. Ludgate most recently served as Chief People Officer at HP Inc., where she led workforce transformation initiatives and talent management strategies.

Prior to her role at HP, Ludgate spent over 15 years at 3M Company, ultimately serving as Executive Vice President and Chief Human Resources Officer. Her career at 3M included leadership positions in legal, compliance, human resources, and communications. According to InvestingPro data, OpenText has maintained strong corporate governance practices, with management demonstrating commitment to shareholder value through consistent dividend payments for 13 consecutive years.

"I am very pleased to welcome Kristen to the OpenText Board," said Tom Jenkins, Chair of the Board of Directors. "She is a seasoned technology executive with extensive expertise in overseeing people, culture, workforces, and human resources strategies."

Ludgate holds a bachelor’s degree from Bowdoin College and a J.D. from University of Minnesota Law School. She currently serves on the Board of Directors of Associated Bank and participates in their Compensation and Benefits and Corporate Governance committees.

Her appointment continues OpenText’s board refreshment initiative, which has added five new directors with diverse skillsets over the past five years. According to the company’s press release statement, Ludgate’s expertise in executive compensation will strengthen the board’s compensation governance standards.

OpenText describes itself as a leading Information Management software and services company that helps organizations address complex global challenges through business cloud solutions, AI, and technology services. InvestingPro analysis indicates the company is currently undervalued, with a healthy financial position and strong cash flow generation. For detailed insights and additional ProTips about OpenText’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

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