Canadian IT consulting firm CGI Inc. has appointed Tim Hurlebaus as its new CEO after the company’s share price dropped approximately 40% over the past year, primarily due to rising concerns about disruption from AI competitors like Anthropic PBC. Hurlebaus, who previously served as President overseeing operations in the US, UK, and Australia, takes over from François Boulanger, who is retiring after less than three years in the role. CGI has been emphasizing responsible AI implementations to support client digital transformations, recognizing the competitive threat posed by specialized AI firms that directly challenge traditional consulting services.

CGI Inc.: CGI is a global IT and business consulting firm delivering end-to-end digital transformation services, including AI-powered intelligent solutions for clients. The company recently announced a leadership transition, appointing Tim Hurlebaus as the new President and CEO amid concerns over disruption from AI upstarts.
Anthropic PBC: Anthropic PBC is an AI safety and research company building reliable and interpretable AI systems like the Claude model, with recent expansions into enterprise tools such as finance agents and updated models for coding tasks. It is referenced in the news as an example of an AI upstart raising concerns about disruption to traditional IT consulting firms like CGI.
Tim Hurlebaus: Tim Hurlebaus is a veteran executive at CGI who most recently served as President and Chief Operating Officer, overseeing operations in the United States, United Kingdom, and Australia. He has been appointed as the new President and CEO effective immediately, succeeding the retiring François Boulanger.
François Boulanger: François Boulanger was President and CEO of CGI since his recent appointment to the role, leading the firm through evolving industry dynamics. He is retiring after a long career with the company, paving the way for Tim Hurlebaus to take over as CEO.

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{
“Leadership Transition”: “CGI Inc. named company veteran Tim Hurlebaus as new CEO immediately following François Boulanger’s retirement announcement.”
}
`