Computer Modelling Group Announces CEO Change
10 Mai 2022 - 1:00PM
Computer Modelling Group Ltd. ("CMG", "We", "Our", "Us" or the
"Company") (TSX: CMG) announces that Ryan Schneider has stepped
down as President and Chief Executive Officer and as a director of
the Company, effective immediately, in order to pursue other
opportunities. Mr. Schneider made many contributions to CMG during
his eleven-year tenure with the Company, the last four of which
were as President & Chief Executive Officer. CMG's Board of
Directors (the "Board") would like to thank Mr. Schneider for his
contributions to the Company.
The Board is pleased to announce that Pramod
Jain has been appointed Chief Executive Officer, effective
immediately. Mr. Jain is a seasoned executive with over 15 years of
experience in the software industry with a demonstrated track
record of leading multiple acquisition businesses and numerous
turnarounds. Mr. Jain was most recently the President & Chief
Operating Officer of Plusgrade LP, a Montreal based high growth
SaaS e-commerce business. Prior thereto, Mr. Jain was with Sabre
Inc., a global technology company, for nine years, working with
them in various international locations. Mr. Jain holds a Diploma
in Corporate Finance (2015) from INSEAD, France, a Master of
Science, Operations Research, Industrial Engineering (2005) from
Mississippi State University and a Bachelor of Technology,
Electrical Engineering (2003) from Kurukshetra University in
India.
Mark Miller, Chairman of the Board, stated “We
are excited for Pramod to join CMG. His history and skillset of
leading diverse teams to international success will be of benefit
to CMG and we look forward to the next chapter of CMG under his
leadership.”
Computer Modelling Group Ltd. is a computer
software technology and consulting company serving the oil and gas
industry. CMG, recognized by oil and gas companies worldwide as a
leading developer of reservoir modelling software, has sales and
technical support services based in Calgary, Houston, London,
Dubai, Bogota, and Kuala Lumpur. CMG is the leading supplier of
advanced processes reservoir modelling software in the world with a
blue chip client base of international oil companies and technology
centers in approximately 60 countries. The Company's shares are
listed on the Toronto Stock Exchange under the trading symbol
"CMG."
For further information, please contact:
Pramod JainPresident & CEO(403) 531-1300
or
Sandra BalicVice President, Finance &
CFO(403) 531-1300sandra.balic@cmgl.ca
www.cmgl.ca
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