2 days ago
OpenText's Largest Investor Backs Board's Decision to Fire CEO
Jarislowsky Fraser Ltd., a Bank of Nova Scotia subsidiary, says it supports software company Open Text Corp. 's board of directors in its decision to oust long-time Chief Executive Officer Mark Barrenechea.
'We believe this change will also accelerate the optimization of its portfolio to crystallize shareholder value and improve transparency in terms of performance of the underlying businesses,' Charles Nadim, Jarislowsky's head of research, said in an emailed statement. 'As the board continues to refresh, all the pieces are in place for strong, improving performance of the business.
