people · May 21, 2026
CGI Names Tim Hurlebaus CEO Replacing François Boulanger Amid Share Price Decline
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CGI appoints Tim Hurlebaus as new President and CEO on May 12 2026 replacing François Boulanger who retires after serving less than two years. Boulanger's tenure saw CGI share price fall more than 40 percent from October 2024 with flat to negative organic growth and an 11 percent stock drop after the April earnings call. Hurlebaus brings more than 35 years experience at CGI including prior roles leading U.S. strategic business units. Analyst Richard Tse of National Bank of Canada calls the leadership pivot positive while Jerome Dubreuil of Desjardins notes Hurlebaus skill set aids AI adoption.
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