Addition of new role furthers executive bench strength for continued scale and growth
TORONTO (January 23, 2018) – Altus Group Limited (“Altus Group” or “the Company”) (TSX: AIF) is pleased to announce the appointment of Carl Farrell to the newly created role of President. Farrell is a highly successful technology executive with over 30 years of extensive global experience in the software, data and professional services industry. He has been a member of the Company’s Board of Directors since 2014 and will continue to serve on Altus Group’s Board of Directors as a non-independent director.
Farrell most recently served as the Executive Vice President and Chief Revenue Officer for SAS Institute, the global leader in the business analytics market. During his 15-year tenure with SAS, he held responsibilities for sales, professional services, marketing and overall global operations.
In this newly created role, Farrell will have broad operational and strategic responsibilities that bring together data, software and professional services bringing greater value for the Company’s clients. He will have direct oversight of Altus Analytics, RVA Canada and the Cost Consulting business. In addition, for the Company he will oversee key business development, marketing, information technology and software development operations.
Mr. Farrell will report to Robert Courteau, CEO, who will continue to have direct oversight for two of the Company’s larger business units, Global Property Tax and Geomatics. In addition, Courteau and Farrell will continue to work closely together on global innovation initiatives along with the Company’s largest clients to ensure that Altus Group continues to deepen its capabilities for the marketplace. With these changes, the Company has laid further groundwork for scale and innovation.
“Carl’s knowledge of the Company and his deep experience in analytics and software, make him a great fit for the Company. His contributions as a board member have given him unique perspectives of Altus Group and the industry and will enable him to ramp up quickly. We are delighted Carl has joined our outstanding executive team,” said Raymond Mikulich, Chairman of Altus Group.
“I’m very excited to welcome Carl to the executive team,” said Robert Courteau, CEO of Altus Group. “Carl’s experience and his approach to growth are perfectly aligned with our direction and strategy. His knowledge of how companies utilize software and data will accelerate our differentiation as the market leader.”
“I am thrilled to join the leading provider of advisory services, data solutions and software to the global commercial real estate industry,” said Carl Farrell. “I have been a proud member of the Altus Group board for several years and have seen the Company evolve its leadership position. This is a great organization and I look forward to working with this talented team to achieve the goals and seize the opportunities in front of us in a rapidly evolving global market.”
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
Certain information in this press release may constitute “forward-looking information” within the meaning of applicable securities legislation. All information contained in this press release, other than statements of current and historical fact, is forward-looking information. Forward-looking information includes information that relates to, among other things, objectives, strategies and intentions, and future financial and operating performance and prospects. Generally, forward-looking information can be identified by use of words such as “may”, “will”, “expect”, “believe”, “plan”, “would”, “could” and other similar terminology. All of the forward-looking information in this press release is qualified by this cautionary statement. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by Altus Group at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results, performance or achievements, industry results or events to be materially different from those expressed or implied by the forward-looking information. Please consult Altus Group’s most recent regulatory filings on SEDAR for more information on the Company’s forward-looking statements.