OpenText appoints former HP executive Kristen Ludgate to board

Published 26/06/2025, 13:34
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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.