CGI Names Tim Hurlebaus CEO After Shares Tumble 40% on AI Fears

2 articles · Updated · Bloomberg · May 12

Tim Hurlebaus took over as CGI chief executive on Tuesday, replacing François Boulanger, who is retiring after less than three years in the role.
About 40% of CGI's market value has been wiped out over the past year as investors worried AI challengers such as Anthropic could disrupt the Canadian IT consulting firm.
Hurlebaus had been serving as president and overseeing CGI's operations across the US, UK and Australia, making the succession an internal handover.
The leadership change puts CGI under pressure to reassure investors that it can defend its business against fast-rising AI competition.

Can CGI's new CEO pivot its 94,000 employees faster than AI can automate their jobs?

With IT giants falling, is the market undervaluing human expertise in the new AI economy?

As AI automates coding, what is the future for the next generation of software engineers?