CEO Mark Barrenechea Departs OpenText as Company Shifts From Non-Core Assets

CEO Mark Barrenechea, one of the longest-serving tech CEOs, has stepped down from his role at OpenText. The company is making big changes. It is moving away from non-core assets and focusing on areas with stronger growth potential. For over a decade, Barrenechea led OpenText through major acquisitions, product expansions, and digital transformation efforts. Now, this leadership shift comes at a time when the software industry is under pressure to adapt faster than ever.