Independent IT and business consulting services firm CGI (NYSE: GIB and GIB-A.TO) is appointing Tim Hurlebaus as President and Chief Executive Officer and a member of the board, effective immediately, the company said Tuesday.
For the past two years, Hurlebaus served as President and Chief Operating Officer 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, the company noted.
Hurlebaus succeeds Francois Boulanger who will be retiring after nearly 40 successful years in the IT services industry, 30 years at CGI, the company also noted.
Shares in CGI lost $3.92 or 4.2% to $89.43 in Canada yesterday.