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CALGARY - Computer Modelling Group Ltd. (TSX:CMG) announced the appointment of Vipin Khullar as Chief Financial Officer, effective Monday. The company, which currently trades near its 52-week low of $44.46, has maintained strong financial fundamentals with a current ratio of 1.65, indicating healthy liquidity.
Khullar joins CMG from the Perseus Operating Group of Constellation Software Inc., where he most recently served as CFO. During his tenure at Perseus, he led a portfolio of vertical market software businesses, focusing on acquisitions, integration, and financial discipline. Prior to Constellation Software, he held various finance leadership positions at IBM Canada. According to InvestingPro data, CMG operates with a moderate debt level and maintains strong cash flows sufficient to cover interest payments.
"I am honored to step into this role at such a critical time in CMG’s transformation journey," Khullar said in the press release statement.
As part of this leadership change, Sandra Balic, who previously served as CMG’s CFO, will transition to the role of Vice President, Finance. She will continue to oversee financial reporting and public company compliance.
CMG CEO Pramod Jain stated that Khullar’s financial leadership will be important as the company continues to scale and pursue growth through acquisitions.
Khullar holds a Bachelor of Commerce in Accounting from Toronto Metropolitan University and is a Chartered Professional Accountant. He will be based in Toronto, Ontario.
Computer Modelling Group is a software and consulting company focused on solving subsurface and surface challenges for the energy industry. The company is headquartered in Calgary with offices in multiple international locations including Houston, Oxford, Dubai, and Kuala Lumpur. With a robust return on assets of 16.95% and revenue growth of 8.57% in the last twelve months, CMG demonstrates solid operational performance. InvestingPro subscribers have access to over 15 additional key insights and a comprehensive analysis report for CMG, along with 1,400+ other stocks.
The information in this article is based on a press release issued by Computer Modelling Group.
In other recent news, Chipotle Mexican Grill has reported its second-quarter results for 2025, showing earnings per share in line with consensus estimates but missing same-store sales growth expectations. Despite the miss in same-store sales, Chipotle managed to deliver better-than-expected store-level margins. The company has adjusted its same-store sales guidance for upcoming periods, reflecting a more challenging consumer environment. Truist Securities, KeyBanc, and TD Cowen have all lowered their price targets for Chipotle, with Truist adjusting from $64 to $60, KeyBanc from $60 to $58, and TD Cowen from $61 to $58. However, all three firms have maintained their positive ratings on the stock, with Truist and TD Cowen keeping a Buy rating and KeyBanc an Overweight rating. Stifel and BMO Capital have reiterated their Buy and Outperform ratings, respectively, with price targets of $65. Despite the tempered outlook, these firms continue to express confidence in Chipotle’s potential. The adjustments in outlook and price targets come amid a noted decline in comparable sales and transactions, which analysts attribute to a challenging consumer environment.
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