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Micro Focus hires new CFO, resumes buyback program

Nov. 05, 2018 11:33 AM ETOpen Text Corporation (OTEX) StockOTEXBy: Brandy Betz, SA News Editor
  • Micro Focus (NYSE:MFGP) hires Brian McArthur-Muscroft as the new CFO, replacing Chris Kennedy.
  • Kennedy is leaving for a new role after roughly 10 months in the job.
  • The company also announces it intends to recommence its buyback program of ordinary shares (including those underlying its ADR). When initiated, the program will cover an additional tranche of shares for a combined total value of up to $400M. 
  • Micro Focus shares are up 2.6% to $16.34.  

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