CGI (NYSE: GIB) (TSX: GIB.A) has announced a significant leadership change, with Tim Hurlebaus appointed as its new President and CEO and a member of the Board of Directors, effective immediately. He succeeds François Boulanger, who is retiring after nearly 40 years in the IT services industry, including 30 years at CGI.
For the past two years, Tim Hurlebaus has been Chief Operating Officer (COO) responsible for CGI's operations in the US, UK and Australia, markets that together represent almost half of the company's annual revenue.
Tim Hurlebaus takes over leadership of CGI
Julie Godin, executive chairman of CGI, highlights Hurlebau's long experience and strong connection to the company's culture and strategy.
“With more than 35 years of IT consulting experience, Tim has been an advocate for CGI’s customer-centric model, ownership culture and values. He has led the profitable growth of some of CGI’s largest businesses while collaborating with clients around the world to deliver their most complex digital initiatives,” said Julie Godin.
She also emphasizes that AI and next-generation technologies create great opportunities for CGI and its clients.
“Today, powerful technologies like AI are creating significant opportunities to help clients drive transformative change. Tim has the experience, leadership, and combination of industry knowledge and technical expertise needed to guide CGI’s growth in this AI-enhanced era.”.
A long career in CGI
Tim Hurlebaus began his career at CGI as a developer and consultant and has held leadership roles within the company's global operations for decades.
He has been responsible for CGI's business and growth strategies in the US, UK, Europe and Asia across both the commercial and public sectors. Prior to his role as COO, he led several of CGI's strategic business units in the US, the world's largest market for technology services.
As a member of CGI's management team for over a decade, Hurlebaus has been a central part of driving the company's growth strategy in consulting, systems integration, managed services and intellectual property rights.
CGI continues to invest in AI and digital transformation
CGI founder and co-chairman Serge Godin describes Hurlebaus as a leader with a deep understanding of the company's operations and future opportunities.
“For many years, Tim has been identified by the Board as an innovative leader with the depth and breadth of business experience required to successfully lead CGI. Importantly, Tim has a deep understanding of our business and an unwavering commitment to creating value for our clients, employees and shareholders,” said Serge Godin.
Tim Hurlebaus himself highlights AI's growing importance to business and how CGI is positioning itself for the next phase of digital transformation.
“As AI continues to create enormous opportunities for industry transformation, CGI is well positioned to drive growth as we partner with clients to transform how value is created and how work is organized and performed,” said Tim Hurlebaus.
He continues:
“For over 50 years, clients have trusted CGI to deliver their most complex and mission-critical projects. In the AI era, this trust is more important than ever as we help clients transform the potential of technology into tangible business results.”.
François Boulanger leaves after 30 years at CGI
The outgoing The CEO Francois Boulanger describes his time at CGI as an honor and at the same time expresses great confidence in his successor.
“It has been an honor to lead CGI and represent the world-class work of our talented team. After nearly 40 years in the IT services industry, including 30 years with CGI, I look forward to a new chapter in retirement,” said François Boulanger.
He adds:
– Tim is a fantastic leader and I am confident that he will continue to build on our strong and resilient foundation while leading the team into the next phase of growth and global market leadership.
CGI gears up for the next phase of AI-driven growth
Serge Godin concludes by thanking François Boulanger for his long-term contributions to the company.
“During his career as CFO, COO and CEO, François led teams around the world to deliver a broad range of business and operational strategies. He has been an exceptional leader throughout his career, particularly as he led the company through one of the most dynamic and innovative business cycles in history,” said Serge Godin.
The leadership change also marks the next step for CGI's continued expansion in AI, digital transformation, cloud computing and advanced IT services on the global market.
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