CGI Appoints Tim Hurlebaus as New CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy GIB?
CGI's board of directors announced the appointment of Tim Hurlebaus as president and CEO and a member of the board of directors, effective immediately. For the past two years, Hurlebaus served as president and COO with responsibility for CGI's operations across the United States, United Kingdom and Australia which collectively represent nearly half of the company's annual revenue. Hurlebaus succeeds Francois Boulanger who will be retiring after nearly 40 years in the IT services industry, 30 years at CGI.
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Analyst Views on GIB
Wall Street analysts forecast GIB stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 62.310
Low
81.00
Averages
129.22
High
270.00
Current: 62.310
Low
81.00
Averages
129.22
High
270.00
About GIB
CGI Inc. is a Canada-based independent information technology (IT) and business consulting services company. It delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. Its segments include Western and Southern Europe (France, Portugal and Spain); United States (U.S.) Commercial and State Government; U.S. Federal; Canada; Scandinavia, Northwest and Central-East Europe (primarily Sweden, Netherlands, Norway, Denmark and Czech Republic); United Kingdom (U.K.) and Australia; Germany; Finland, Poland and Baltics; and Asia Pacific Global Delivery Centers of Excellence (mainly India and Philippines) (Asia Pacific). It works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. It also has a presence in other European countries and Morocco.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CGI Recognized as Leader in GCC Services Report
- Industry Leadership: CGI has been recognized as a Leader in the Design and Setup quadrant of the ISG Provider Lens® Global Capability Center Services 2026 report, reflecting its exceptional ability to deliver large-scale GCC programs rapidly, enabling enterprises to establish AI-powered value centers and enhance market competitiveness.
- Rising Star in Optimization: CGI is positioned as a Rising Star in the Optimization and Enhancement quadrant, indicating its growing momentum in transforming GCCs into strategic hubs that leverage AI platforms and industry-specific solutions to drive enterprise-wide value realization.
- Client Relationships and Delivery Strength: CGI enhances its execution capabilities across the GCC lifecycle through deep client relationships and flexible engagement models, such as build-operate-transfer (BOT) and joint ventures, which accelerate decision-making and reduce setup complexity for enterprises.
- Financial Performance: CGI reported revenues of CA$15.91 billion for fiscal 2025, and with a global network of 94,000 professionals, it is committed to helping clients achieve digital transformation through a local relationship model complemented by a global delivery network, further solidifying its market position.
See More
CGI Recognized as Leader in GCC Services Report
- Industry Leadership: CGI has been recognized as a Leader in the Design and Setup quadrant of the ISG Provider Lens® Global Capability Center Services 2026 report, reflecting its ability to deliver large-scale GCC programs with speed and structural integrity, thereby enhancing its competitive edge in the global IT consulting market.
- Rising Star in Optimization: CGI's designation as a Rising Star in the Optimization and Enhancement quadrant indicates its growing momentum in transforming GCCs into strategic hubs, driving digital transformation and innovation capabilities for enterprises.
- Client Relationship Focus: By establishing close relationships with clients and employing flexible engagement models, CGI accelerates decision-making and reduces setup complexity, which enhances customer satisfaction and market share, further solidifying its market position.
- Strong Financial Performance: CGI reported revenues of CA$15.91 billion for fiscal 2025, showcasing its robust performance and growth potential in the global market, which boosts investor confidence in its future development.
See More
CGI Expands Partnership with Stockmann to Enhance Omnichannel Experience
- Partnership Enhancement: CGI has strengthened its collaboration with Stockmann through a new agreement aimed at enhancing customer-centricity, omnichannel capabilities, and profitability, thereby supporting Stockmann in achieving its strategic objectives.
- Technology Upgrade: The new agreement includes application management, development, and end-user services, leveraging modern technologies such as artificial intelligence to improve delivery speed and development quality, ensuring seamless IT operations.
- Digital Transformation Support: CGI proactively identifies and resolves potential disruptions in service production using DigiOps, accelerating Stockmann's digital service development and enhancing its competitive position in the market.
- Strategic Prioritization: Stockmann's COO Riku Lyly emphasized that digitalization and automation are central to executing their customer-centric strategy, with CGI's global expertise and client-centric approach being key factors in their partnership selection.
See More
CGI Appoints Tim Hurlebaus as President and CEO
- Leadership Change: CGI has appointed Tim Hurlebaus as the new President and CEO, effective immediately, following his role as President and COO, where he oversaw operations in the U.S., U.K., and Australia, regions that together account for nearly half of CGI's annual revenue, indicating the company's commitment to leadership stability.
- Succession Planning: Hurlebaus succeeds François Boulanger, who is retiring after 30 years at CGI, marking a significant shift in the company's leadership that could impact future strategic direction and operational efficiency.
- Operational Oversight: Having successfully managed CGI's operations across multiple countries for the past two years, Hurlebaus brings extensive multinational management experience that will aid the company's further expansion in global markets.
- Future Outlook: The new CEO's appointment may introduce fresh strategic perspectives, particularly in the context of digital transformation and increasing market competition, as CGI needs to maintain its leadership in innovation and customer service.
See More
CGI Appoints New CEO to Drive Growth in AI Era
- New CEO Appointment: CGI has appointed Tim Hurlebaus as the new Chief Executive Officer, succeeding François Boulanger, who has nearly 40 years of experience in the IT services industry, marking a significant leadership change aimed at driving growth in the AI era.
- Extensive Industry Experience: Hurlebaus brings over 35 years of experience in IT consulting services, having overseen CGI's operations in the U.S., U.K., and Australia, which collectively account for nearly half of the company's annual revenue, and is expected to leverage this experience to enhance success in complex digital initiatives.
- Commitment to Strategic Growth: Hurlebaus has pledged to harness AI technologies to create value for clients and strengthen the company's leadership position in the global market, emphasizing the importance of the trust CGI has built with clients over the past 50 years, especially in the context of rapid technological advancements.
- Contributions of Former CEO: François Boulanger successfully drove CGI's business and operational strategies during his tenure, and Hurlebaus's appointment is seen as a crucial step in continuing to build on this solid foundation, ensuring the company maintains its competitive edge in the future.
See More
CGI Appoints New CEO Tim Hurlebaus Amid Strategic Growth Focus
- Leadership Transition: CGI has appointed Tim Hurlebaus as the new CEO, succeeding François Boulanger, who has nearly 40 years in the IT services industry and 30 years at CGI, marking a significant leadership change for the company.
- Experienced Leader: Hurlebaus brings over 35 years of experience in IT consulting services, having overseen CGI's operations in the U.S., U.K., and Australia, which collectively account for nearly half of the company's annual revenue, positioning CGI for growth in the AI era.
- Clear Strategic Direction: The new CEO emphasizes that AI technologies present significant transformation opportunities for clients, and CGI will leverage its expertise in delivering complex digital projects to further solidify its leadership position in the global market.
- Commitment to Continued Growth: Hurlebaus pledges to drive CGI's profitable growth strategy, ensuring the company remains competitive in a rapidly changing technological landscape while enhancing collaboration with clients to create value.
See More
CGI Recognized as Leader in GCC Services Report
- Industry Leadership: CGI has been recognized as a Leader in the Design and Setup quadrant of the ISG Provider Lens® Global Capability Center Services 2026 report, reflecting its exceptional ability to deliver large-scale GCC programs rapidly, enabling enterprises to establish AI-powered value centers and enhance market competitiveness.
- Rising Star in Optimization: CGI is positioned as a Rising Star in the Optimization and Enhancement quadrant, indicating its growing momentum in transforming GCCs into strategic hubs that leverage AI platforms and industry-specific solutions to drive enterprise-wide value realization.
- Client Relationships and Delivery Strength: CGI enhances its execution capabilities across the GCC lifecycle through deep client relationships and flexible engagement models, such as build-operate-transfer (BOT) and joint ventures, which accelerate decision-making and reduce setup complexity for enterprises.
- Financial Performance: CGI reported revenues of CA$15.91 billion for fiscal 2025, and with a global network of 94,000 professionals, it is committed to helping clients achieve digital transformation through a local relationship model complemented by a global delivery network, further solidifying its market position.
See More
CGI Recognized as Leader in GCC Services Report
- Industry Leadership: CGI has been recognized as a Leader in the Design and Setup quadrant of the ISG Provider Lens® Global Capability Center Services 2026 report, reflecting its ability to deliver large-scale GCC programs with speed and structural integrity, thereby enhancing its competitive edge in the global IT consulting market.
- Rising Star in Optimization: CGI's designation as a Rising Star in the Optimization and Enhancement quadrant indicates its growing momentum in transforming GCCs into strategic hubs, driving digital transformation and innovation capabilities for enterprises.
- Client Relationship Focus: By establishing close relationships with clients and employing flexible engagement models, CGI accelerates decision-making and reduces setup complexity, which enhances customer satisfaction and market share, further solidifying its market position.
- Strong Financial Performance: CGI reported revenues of CA$15.91 billion for fiscal 2025, showcasing its robust performance and growth potential in the global market, which boosts investor confidence in its future development.
See More
CGI Expands Partnership with Stockmann to Enhance Omnichannel Experience
- Partnership Enhancement: CGI has strengthened its collaboration with Stockmann through a new agreement aimed at enhancing customer-centricity, omnichannel capabilities, and profitability, thereby supporting Stockmann in achieving its strategic objectives.
- Technology Upgrade: The new agreement includes application management, development, and end-user services, leveraging modern technologies such as artificial intelligence to improve delivery speed and development quality, ensuring seamless IT operations.
- Digital Transformation Support: CGI proactively identifies and resolves potential disruptions in service production using DigiOps, accelerating Stockmann's digital service development and enhancing its competitive position in the market.
- Strategic Prioritization: Stockmann's COO Riku Lyly emphasized that digitalization and automation are central to executing their customer-centric strategy, with CGI's global expertise and client-centric approach being key factors in their partnership selection.
See More
CGI Appoints Tim Hurlebaus as President and CEO
- Leadership Change: CGI has appointed Tim Hurlebaus as the new President and CEO, effective immediately, following his role as President and COO, where he oversaw operations in the U.S., U.K., and Australia, regions that together account for nearly half of CGI's annual revenue, indicating the company's commitment to leadership stability.
- Succession Planning: Hurlebaus succeeds François Boulanger, who is retiring after 30 years at CGI, marking a significant shift in the company's leadership that could impact future strategic direction and operational efficiency.
- Operational Oversight: Having successfully managed CGI's operations across multiple countries for the past two years, Hurlebaus brings extensive multinational management experience that will aid the company's further expansion in global markets.
- Future Outlook: The new CEO's appointment may introduce fresh strategic perspectives, particularly in the context of digital transformation and increasing market competition, as CGI needs to maintain its leadership in innovation and customer service.
See More
CGI Appoints New CEO to Drive Growth in AI Era
- New CEO Appointment: CGI has appointed Tim Hurlebaus as the new Chief Executive Officer, succeeding François Boulanger, who has nearly 40 years of experience in the IT services industry, marking a significant leadership change aimed at driving growth in the AI era.
- Extensive Industry Experience: Hurlebaus brings over 35 years of experience in IT consulting services, having overseen CGI's operations in the U.S., U.K., and Australia, which collectively account for nearly half of the company's annual revenue, and is expected to leverage this experience to enhance success in complex digital initiatives.
- Commitment to Strategic Growth: Hurlebaus has pledged to harness AI technologies to create value for clients and strengthen the company's leadership position in the global market, emphasizing the importance of the trust CGI has built with clients over the past 50 years, especially in the context of rapid technological advancements.
- Contributions of Former CEO: François Boulanger successfully drove CGI's business and operational strategies during his tenure, and Hurlebaus's appointment is seen as a crucial step in continuing to build on this solid foundation, ensuring the company maintains its competitive edge in the future.
See More
CGI Appoints New CEO Tim Hurlebaus Amid Strategic Growth Focus
- Leadership Transition: CGI has appointed Tim Hurlebaus as the new CEO, succeeding François Boulanger, who has nearly 40 years in the IT services industry and 30 years at CGI, marking a significant leadership change for the company.
- Experienced Leader: Hurlebaus brings over 35 years of experience in IT consulting services, having overseen CGI's operations in the U.S., U.K., and Australia, which collectively account for nearly half of the company's annual revenue, positioning CGI for growth in the AI era.
- Clear Strategic Direction: The new CEO emphasizes that AI technologies present significant transformation opportunities for clients, and CGI will leverage its expertise in delivering complex digital projects to further solidify its leadership position in the global market.
- Commitment to Continued Growth: Hurlebaus pledges to drive CGI's profitable growth strategy, ensuring the company remains competitive in a rapidly changing technological landscape while enhancing collaboration with clients to create value.
See More
