CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) today announced that Satish Sanan will retire as vice chairman, US business engineering, effective today. Daniel Rocheleau, executive vice president and chief business engineering officer, who had responsibility for successfully managing the development of large outsourcing opportunities in Canada and Europe, will resume global responsibility for all of CGI’s business engineering activities, including US, as an increasing proportion of these transactions are global in nature. Daniel will also direct a strong business engineering team in the US, which has been enhanced over the past year in order to meet the growing interest for outsourced IT and business process services.
Serge Godin, chairman and CEO said: “We appreciate Satish’s commitment over the last year in managing our integration with IMRglobal. In addition to overseeing the transition of operations, Satish has played a key role in strengthening a team of highly talented people focused on developing large IT outsourcing opportunities in the US. We remain as excited as ever about the pipeline of opportunities that our members are pursuing, and we are comfortable with the financial guidance that we provided in April.”
About CGI
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount of 13,700 professionals. CGI’s annualized revenue run-rate totals CDN$2.1 billion (US$1.3 billion). CGI’s order backlog currently totals CDN$10.7 billion (US$6.7 billion). CGI provides end-to-end IT services and business solutions to more than 3,000 clients worldwide from more than 60 offices. CGI’s shares are listed on the TSX (GIB.A) and the NYSE (GIB). They are included in the TSX 100 Composite Index as well as the S&P/TSX Canadian Information Technology and Canadian MidCap Indices. Website: www.cgi.com.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements represent CGI Group Inc.’s intentions, plans, expectations, and beliefs, and are subject to risks, uncertainties, and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements.
These factors include and are not restricted to the timing and size of contracts, acquisitions and other corporate developments; the ability to attract and retain qualified employees; market competition in the rapidly-evolving information technology industry; general economic and business conditions, foreign exchange and other risks identified in the Management’s Discussion and Analysis (MD&A) in CGI Group Inc.’s Annual Report or Form 40-F filed with the SEC, the Company’s Annual Information Form filed with the Canadian securities. CGI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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For more information:
CGI:
Investor relations
Julie Creed
Vice-president, investor relations
(312) 201-4803
Ronald White
Director, investor relations
(514) 841-3230
Media relations
Eileen Murphy
Director, media relations
(514) 841-3430
