CMG Announces Appointment of Alex Davern to the Board of Directors (2024)

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CMG Announces Appointment of Alex Davern to the Board of Directors

Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG)is pleased to announce that Alex Davern has been appointed to theBoard of Directors effective May 23, 2024. Mr. Davern joins theBoard as an independent non-executive director and will stand fornomination at the next annual meeting of shareholders.

Mr. Davern is formerly the Chairman of the Boardof Directors of ESI Group and spent more than 25 years in seniorexecutive leadership roles at National Instruments, includingserving as the Chief Executive Officer, Chief Operating Officer,and Chief Financial Officer. He currently holds director positionswith both Faro Technologies (NASDAQ: FARO), and Cirrus Logic Inc.(NASDAQ: CRUS). He also holds a teaching position at the Universityof Texas McCombs School of Business.

“It is a great pleasure to welcome Alex to theBoard of CMG,” said Mark Miller, Chairman. “Alex is an accomplishedleader with extensive experience in all aspects of managing a hightechnology company. We look forward to the contributions thatAlex’s financial acumen, experience with acquisitions, andoperational insight will bring to our Board.”

Pramod Jain, CEO, added, “Alex has an exemplaryrecord of growing technology companies and creating tremendousshareholder value. I look forward to working closely with him,alongside the rest of our Board, to continue executing on ourambitious growth strategy.”

CMG also wishes to announce the resignation ofJudith Athaide from the Board of Directors, effective February 29,2024. The company wishes to thank Judith for her years of serviceto the Board.

About CMG

CMG (TSX:CMG) is a global software andconsulting company that combines science and technology with deepindustry expertise to solve complex subsurface and surfacechallenges for the new energy industry around the world. CMG isheadquartered in Calgary, AB, with offices in Houston, Oxford,Dubai, Bogota, Rio de Janeiro, Bengaluru, and Kuala Lumpur. Formore information, please visit www.cmgl.ca.

For investor inquiries, please contact:
Kim MacEachern
Director, Investor Relations
cmg-investors@cmgl.ca

For media inquiries, please contact:
marketing@cmgl.ca

CMG Announces Appointment of Alex Davern to the Board of Directors (1)
CMG Announces Appointment of Alex Davern to the Board of Directors (2)

CMG Announces Appointment of Alex Davern to the Board of Directors (3)

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