Altus Group Announces Leadership Transition

Executive Summary

• Jim Hannon steps down as CEO and Director effective immediately; Mike Gordon, former CEO, is appointed Executive Chair and will assume the CEO role in Q1 2026.
• The Board concludes its strategic review, deciding to remain independent after evaluating multiple alternatives, including potential acquisition interest.
• Altus Group announced its Q3 2025 financial results conference call and previewed an Investor Day on November 20, 2025 to detail its value‑creation plan.

Key Details

• CEO Transition: Jim Hannon departs; Mike Gordon becomes Executive Chair now and will become CEO in Q1 2026.
• Board Changes: Raymond Mikulich steps down as Chair but remains a Director.
• Strategic Review Outcome: After reviewing various strategic alternatives and proposals, the Board elected to keep Altus Group independent and continue executing its growth strategy.
• Future Plans: The Company will present its detailed value‑creation plan at an Investor Day on November 20, 2025.
• Q3 2025 Results Call: Conference call scheduled for Thursday, November 6, 2025 at 5:00 p.m. ET (Webcast link provided).

Notable Quotes

“I look forward to carrying the momentum forward and accelerating the pace of progress as I step into the role.” – Mike Gordon, Executive Chair (future CEO)
“The strategic review gave us tremendous insight and reinforced confidence in our value creation plan.” – Mike Gordon

Materiality Assessment: Material – Neutral (significant executive leadership change and strategic direction decision).