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CGI, Management, Outsourcing, Growth

CGI adjusts senior management's responsibilities in the face of a growing market

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07 Feb 2006 | (News)
Borderless - S

CGI Group Inc. (CGI) announced that it has decided to make some adjustments to the responsibilities of its senior management. Effective immediately, Serge Godin, currently chairman of the board and chief executive officer takes the position of executive chairman of CGI, and appoints Michael E. Roach, currently president and chief operatingofficer, as president and chief executive officer of CGI.

Michael Roach will continue to report to Serge Godin and the composition of the CGI Executive Committee remains unchanged and includes Serge Godin, Michael Roach, André Imbeau, executive vice-president and chief financial officer and Paule Doré, executive vice-president & chief corporate officer. These executives previously reporting to Mr. Godin will now report to Mr. Roach.

"Our world is changing and changing fast. More and more governments, agencies and companies are contemplating outsourcing their IT or business processes. Indeed, I have been leading CGI for 30 years and I must say that I have never seen such a vibrant market. In fact, we are looking at untapped markets in Canada, Western Europe, and the U.S. of several trillion dollars. This will have a profound impact on our industry, notably further accelerating its consolidation. These trends represent tremendous opportunities for CGI and we must ensure that we take full advantage of them," said Serge Godin, executive chairman.

"The purpose of this adjustment is to allow me to devote even more time to strategic initiatives. I want to work at strengthening our partnerships with existing clients as well as fostering the necessary relationships that will lead to new large outsourcing contracts and accretive acquisitions," Mr Godin added.

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