September 11, 2012

TORONTO, ONTARIO–(Marketwire – Sept. 11, 2012) – Altus Group Limited (“Altus”) (TSX:AIF), is pleased to announce the appointment of Robert Courteau as Chief Executive Officer, effective September 24, 2012. Acting CEO, Stuart Smith will continue in his role as Executive Chair of the Board of Directors, supporting a smooth transition.

Mr. Courteau brings years of experience as an accomplished business leader with a number of well-respected, international professional services companies. Most recently Mr. Courteau worked at SAP where he served as President, North America, along with other international responsibilities. In these roles he oversaw the achievement of global benchmarks for growth and customer satisfaction by integrating strategic business analytics and driving fundamentals for profitable performance.

“We are very excited to introduce Bob as our new CEO and very much look forward to the contribution his expertise, experience and strategic focus on growth will have in helping Altus achieve its goals as a great Canadian company with global reach,” said Harvey Naglie, Lead Director, Altus Group Board of Directors. “His success in combining professional services with unique data, software and analytical assets to provide value-added solutions for clients is an ideal fit for Altus’ go-forward vision.”

With an extensive knowledge base developed in both entrepreneurial and corporate settings, Mr. Courteau is an engaging leader who places a premium on building productive working relationships with clear deliverables.

“Altus is a leader in the industry and I am very excited by the prospect of taking its strengthened financial and operations position to the next level of market performance,” said Robert Courteau. “The company’s long-standing reputation in the provision of independent, professional advice to best-in-class clients is an undeniable advantage in the market. My first step will be to work with the many dynamic teams to leverage additional opportunities at Altus.”

“Over the past number of months, the team at Altus led by Stuart Smith, has done a tremendous job to strengthen our balance sheet and reinforce fundamentals; providing more stable footing and additional flexibility going forward,” continued Naglie. “Given Stuart’s record of success and achievement, we are very happy that in his continuing capacity as Executive Chair, he will work with Bob to ensure a smooth and deliberate transition.”

“It was extremely important that we target a number of steps to stabilize Altus and rebuild confidence with the employees, clients and shareholders who helped build this company. The teamwork that supported this endeavour has been unwavering and persistent throughout the organization,” said Stuart Smith, Acting CEO and Executive Chair, Altus.


Robert Courteau Biographical Information

Mr. Courteau is an accomplished senior executive with extensive experience in leading new business initiatives and achieving growth objectives with some of the world’s foremost companies. Most recently, he was President of SAP North America, a $6 billion global market leader in enterprise application software, with other previous roles including COO of its Global Customer Operations. Prior to joining SAP, Mr. Courteau served as an Executive Vice President for EDS Corporation. He has held a number of senior management roles at Xerox Corporation, where he served as a North American Divisional Vice President and General Manager. Mr. Courteau has been an active board member of numerous North American not-for-profit organizations and has served on the boards of several publicly traded organizations.


About Altus Group Limited

Altus leads the global real estate industry in offering professional real estate advisory services, data solutions and intelligence about an organization’s assets, generating a wealth of knowledge and insight. With a staff of over 1,700, Altus has a network of over 50 offices in a number of countries worldwide, including Canada, the United Kingdom, the United States, Australia and China. We operate five interrelated Business Units, bringing years of experience and a broad range of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting; Geomatics, and ARGUS Software. Altus’ clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.


Camilla BartosiewiczBartosiewicz

Vice President, Investor Relations
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