tiprankstipranks
Advertisement
Advertisement

CGI Names Tim Hurlebaus CEO as François Boulanger Retires

Story Highlights
  • CGI appointed Tim Hurlebaus as president and CEO on May 12, 2026, effective immediately.
  • The leadership transition from retiring CEO François Boulanger positions CGI to pursue growth in an AI-driven IT services market.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
CGI Names Tim Hurlebaus CEO as François Boulanger Retires

Meet Samuel – Your Personal Investing Prophet

An update from CGI ( ($TSE:GIB.A) ) is now available.

CGI announced on May 12, 2026 that its Board of Directors has appointed Tim Hurlebaus as President and Chief Executive Officer and as a member of the Board, effective immediately. He succeeds François Boulanger, who is retiring after nearly four decades in the IT services industry and 30 years at CGI, where he previously held roles including CFO, COO and CEO.

Hurlebaus, a long-time CGI executive who most recently served as President and Chief Operating Officer overseeing operations in the U.S., U.K. and Australia, has been credited with driving profitable growth in some of the company’s largest markets. The leadership transition underscores CGI’s strategy to strengthen its position in an AI-driven technology landscape, as the company emphasizes continuity, client trust and balanced value creation for clients, employees and shareholders.

The most recent analyst rating on ($TSE:GIB.A) stock is a Hold with a C$70.00 price target. To see the full list of analyst forecasts on CGI stock, see the TSE:GIB.A Stock Forecast page.

Spark’s Take on GIB.A Stock

According to Spark, TipRanks’ AI Analyst, GIB.A is a Outperform.

The score is driven primarily by high-quality financials (strong profitability and free cash flow with manageable leverage) and a supportive earnings outlook with strong bookings/backlog and ongoing buybacks. These positives are tempered by weak technicals (price below all key moving averages and negative MACD) and only moderate valuation support, with a low dividend yield.

To see Spark’s full report on GIB.A stock, click here.

More about CGI

CGI Inc. is a global IT and business consulting services firm founded in 1976 and headquartered in Montréal, Québec. The company employs about 94,000 consultants and professionals worldwide, providing end-to-end services including strategic IT and business consulting, systems integration, managed IT and business process services, and proprietary software solutions, with fiscal 2025 revenue of CA$15.91 billion and listings on the TSX and NYSE.

CGI serves clients across commercial and government sectors through a local relationship model supported by a global delivery network. Its portfolio spans mission-critical digital transformation projects, positioning the firm as a major player in helping organizations modernize operations and leverage emerging technologies, including artificial intelligence, to accelerate business outcomes.

Average Trading Volume: 696,349

Technical Sentiment Signal: Sell

Current Market Cap: C$19.84B

For detailed information about GIB.A stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1