TORONTO, Sep 15, 2020 (GLOBE NEWSWIRE) – Altus Group Limited (the Altus Group or the Company) (TSX: AIF) today announced the retirement of its Chief Executive Officer Robert Courteau and the appointment of its successor Michael Gordon, effective September 30, 2020.
As a result of continued succession planning by the Boards of Directors, we are pleased to make this leadership transition at a time when the company is generating steady and profitable growth with record earnings, supported by a strong balance sheet. , said Raymond Mikulich, Chairman of the Altus Group. We are delighted to welcome Mike Gordon as new CEO to lead the next phase of Companys growth and innovation at a pivotal time in the commercial real estate industry. His proven track record, leadership and expertise in global software and data analytics are well suited to advancing our platform, analytics and services to better serve our global customer base.
Bob has transformed the Altus Group from a collection of leading commercial real estate services companies into a highly profitable software, data, analytics and consulting group that is leading the digital adoption of the industry. commercial real estate investment. Our shareholders have enjoyed an increase of approximately seven times the shareholder value under his leadership. It has been a pleasure working with Bob and on behalf of the Board and our shareholders, I thank him and wish him the best of luck in his decision to retire after a very successful career, continued Mikulich.
Mr. Gordon is a seasoned global leader who most recently served as CEO of Callcredit Information Group, a UK-based information solutions company specializing in data, analytics and technology solutions. He was appointed to this role following the acquisition of Callcredit by GTCR in 2014, where he oversaw its transformation, rapid growth and eventual sale to TransUnion in 2018. He previously held leadership roles at FICO , a leading analytics software company listed on the New York Stock Exchange. Mr. Gordon holds a BS in Industrial Engineering / Operations Research from Northwestern University and an MBA in Finance and Business Economics from the Graduate School of Business at the University of Chicago.
Commenting on his appointment, Mr Gordon said: I am delighted to take on this role at Altus and look forward to collaborating with our employees, customers, investors and other stakeholders as we seek to leverage our leading position in the industry and take advantage of the global situation. market opportunities ahead of us.
Mr. Courteau said: I am proud of the significant progress the team has made during my tenure. We have positioned Altus very well as a leading software and services company in the market and with their experience and success in leading and growing data and analytics businesses, Mike is an excellent choice to succeed me and lead Altus into the very dynamic and evolving future of CRE. technology, said Courteau. It has been a privilege and an honor to lead the Altus Group and I look forward to supporting Mike and the board as he assumes his responsibilities as CEO.
Mr. Courteau will remain with the company as a consultant to facilitate a smooth transition.
Mr. Gordon will be appointed to the Board of Directors of Altus Groups effective September 30, 2020 and Mr. Courteau will step down from the Board effective the same day.
About Altus Group Limited
Altus Group Limited is a leading provider of independent software, data solutions and advisory services to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Commercial Real Estate Consulting, reflect decades of experience, a range of expertise and technological capabilities. Our solutions enable clients to analyze, better understand and recognize the value of their real estate investments. Based in Canada, we have approximately 2,200 employees worldwide, with operations in North America, Europe and Asia Pacific. Our clients include many of the world’s largest players in commercial real estate. The Altus Group pays a quarterly dividend of $ 0.15 per share and our shares are traded on the Toronto Stock Exchange under the symbol AIF.
For more information on the Altus Group, please visit: www.altusgroup.com.
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Altus Group Limited
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