CGI to appoint François Boulanger President and Chief Executive Officer, effective October 1, 2024

Core Viewpoint - CGI is undergoing a leadership transition with François Boulanger appointed as the new President and CEO effective October 1, 2024, succeeding George D. Schindler, who will retire on September 30, 2024, but remain on the Board as a strategic advisor [1][2]. Group 1: Leadership Transition - François Boulanger has been with CGI for 20 years and has significantly contributed to the company's profitable growth, leading various global teams [2]. - George D. Schindler has led CGI for the past 8 years, during which the company achieved over $14 billion in annual revenue, with its share price more than doubling and market capitalization increasing by over 70% [2]. Group 2: Company Overview - Founded in 1976, CGI is one of the largest independent IT and business consulting services firms globally, employing 90,000 professionals [3]. - CGI offers a comprehensive range of services, including strategic IT and business consulting, systems integration, managed IT services, and intellectual property solutions [3]. - For fiscal year 2023, CGI reported revenue of CA$14.30 billion [3].