Computer Modelling Group Ltd. announced that Ryan Schneider has stepped down as Chief Executive Officer, 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 would like to thank Mr. Schneider for his contributions to the Company.

The Board announced 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.