On Tuesday, the global systems integrator and IT service provider named COO Tim Hurlebaus as the company’s new CEO, effective immediately, while former CEO Francois Boulanger is retiring after less than two years in the position.
The multinational IT systems integrator, MSP and business consulting company said that Francois Boulanger, who had served as president and CEO since October 2024, was retiring from the top job. Boulanger had worked at CGI for 30 years, including serving as CFO and COO before becoming president and CEO.
A press statement issued by the Montreal-based company, which was No. 13 on the 2025 CRN Solution Provider 500, gave no additional information about the reason for the sudden change.
Before being promoted to president and CEO, Hurlebaus (pictured) was president and COO at the company for two years with responsibility for CGI’s operations in the U.S., U.K. and Australia, which collectively account for half of CGI’s annual revenue, the company said.
Altogether Hurlebaus has worked at CGI for more than 21 years, holding such positions as vice president of business engineering and strategic sales, senior vice president of national security and defense programs, and president of U.S. commercial and state government. He has been a member of CGI’s senior executive team for more than a decade, the company said.
“With more than 35 years of experience in IT consulting services, Tim has been a champion of CGI’s client proximity model, ownership culture and values. He led the profitable growth of some of CGI’s largest operations while partnering with clients around the world to deliver on their most complex digital initiatives,” said Julie Godin, chair of CGI’s board, in a statement.
“Today, powerful technologies such as AI are creating significant opportunities to help clients drive step-change transformation. Tim has the leadership track record as well as the combination of industry knowledge and technology expertise in client delivery that will guide CGI’s growth in this AI-first era,” Godin said.
“As AI continues to create tremendous opportunities for industry transformation, CGI is well positioned to drive growth as we partner with clients to re-engineer how value is created and how work gets done,” Hurlebaus said in the statement announcing his appointment.
“For over 50 years, clients have trusted CGI to deliver their most complex, mission-critical projects. In the AI era, this heritage of trust matters more than ever as we help clients turn the promise and potential of technology into tangible business results. I am honored to work together with our talented team as we create the next phase of CGI’s extraordinary journey,” he said.
For its fiscal 2025 (ended Sept. 30, 2025) CGI reported revenue of CAD$15.91 billion (U.S.$11.62 billion), up 8.4 percent from CAD$14.67 billion (U.S.$10.72 billion) in fiscal 2024.
Last month the company reported that revenue in its fiscal 2026 second quarter grew 3.3 percent year over year to CAD$4.16 billion (U.S.$3.03 billion).
CGI’s stock, traded on the Toronto Exchange, closed at $86.70 on Tuesday, down $2.73, or 3.05 percent, for the day.
