An operator $T$ on a separable, infinite dimensional, complex Hilbert space $\mathcal{H}$ is called conjugate normal if $C|T|C = |T^∗|$ for some conjugate linear, isometric involution $C$ on $\mathcal{H}.$ This paper focuses on the invariance of conjugate normality under similarity. Given an operator $T,$ we prove that every operator $A$ similar to $T$ is conjugate normal if and only if there exist complex numbers $λ_1$,$λ_2$ such that $(T−λ_1)(T−λ_2)=0.$