Changing of the guard at CGI

The Montreal multinational information technology consulting services company CGI, which is worth $33 billion on the stock market, will have a new president and CEO starting next October.

This is François Boulanger, who is currently president and head of Canadian operations at CGI. He also leads its Private Sector and Local Government unit in the United States as well as CGI’s network of service centers in Asia-Pacific.

Mr. Boulanger will succeed George Schindler in October, who will retire after eight years as President and CEO of CGI.

François Boulanger will also join the CGI board of directors, alongside its executive chairman and controlling shareholder, Serge Godin, as well as his two predecessors as president, Michael Roach (2006-2016) and George Schindler (2016-2024). .

In the opinion of the co-chair of the board, Julie Godin, who is also executive vice-president of strategic planning and development at CGI, the appointment of François Boulanger as the next president and CEO stems in particular from his “ extremely positive impact on the profitable growth of [l’]company over the past 20 years, as he led teams around the world to execute a wide range of business and operational strategies.

As for the outgoing president, George Schindler, Serge Godin describes him as “an exceptional CEO” from whom CGI has benefited since 2016.

“Over the past eight years, CGI has shown profitable growth to reach $14 billion in annual revenues while our share price has more than doubled and our market capitalization has increased by more than 70%,” relates the Executive Chairman. board member and co-founder of CGI.

“At every level, George [Schindler] successfully led our team to deliver significant value to all our stakeholders, demonstrating the relevance of his strategic vision as well as his mastery of our business and the market. »


Activities: management IT consulting services

Head office: Montreal

Global workforce: 91,000 employees

Revenue (annualized as of March 31): 14.47 billion (+6%)

Operating profit (annualized as of March 31): 2.37 billion (+8%)

Net profit (annualized as of March 31): 1.64 billion (+7%)

Total assets (as of March 31): 15.7 billion

Market capitalization (as of May 22): 33.3 billion

Sources: CGI, Refinitiv, Toronto Stock Exchange

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