CGI Inc. has announced that Tim Hurlebaus will take over as chief executive officer, succeeding François Boulanger, who is retiring after a four-decade career with the company. The transition will take effect on June 1, 2026.
Leadership Change at CGI
François Boulanger, 63, has served as CEO since 2021 and has been with CGI for 40 years. He will remain on the board of directors as a non-executive director. Tim Hurlebaus, 52, currently serves as president and chief operating officer and has been with the company for 25 years. The board of directors unanimously appointed Hurlebaus to the CEO role.
Board Chair's Remarks
Serge Godin, executive chair of CGI, praised Boulanger's leadership and contributions. "François has been an exceptional leader and has played a pivotal role in CGI's growth and success," Godin said in a statement. "We are grateful for his dedication and look forward to his continued guidance as a board member."
New CEO's Background
Tim Hurlebaus has held various leadership positions at CGI, including president of operations in the United States and Europe. He has been instrumental in driving the company's digital transformation and expanding its global footprint. "I am honored to lead CGI into its next chapter," Hurlebaus said. "We will continue to focus on innovation, client success, and employee development."
Company Performance
CGI, based in Montreal, is one of the largest independent IT and business consulting firms in the world. The company reported revenue of $12.8 billion in fiscal 2025, with over 90,000 employees across 40 countries. The leadership change comes as CGI continues to invest in artificial intelligence, cloud computing, and cybersecurity services.
Boulanger's retirement marks the end of an era for CGI, which he helped build from a small Quebec-based firm into a global technology powerhouse. Under his leadership, CGI expanded into new markets and acquired several companies, including U.K.-based consultancy firm UXC in 2015.
