TORONTO – Commercial real estate intelligence provider Altus Group Limited has announced leadership changes to its executive team and board of directors.
Jim Hannon is departing the company as Chief Executive Officer and director, effective immediately. Mike Gordon, Altus Group’s former CEO and director since 2020, has been appointed executive chair, effective immediately, and has agreed to assume the CEO role in Q1 2026.
Raymond Mikulich is stepping down from the chair role and remaining on the board as a director, a release notes.
“On behalf of the board, I’d like to thank Jim for his vision, dedication, and tireless efforts over the years. He has played an integral role positioning Altus Group for the opportunity as a pure-play data and analytics platform,” said Gordon in a statement. “As Altus Group enters its next growth phase, our focus shifts from operational build out to accelerating market adoption of our new product innovations, making this the right time for a leadership change that aligns with Altus Group’s future needs.
“We’re also very grateful to Ray for having stewarded the company through one of its most pivotal decades amid a period of profound change in the CRE industry. During Ray’s tenure as chair, the company’s long-standing shareholders have witnessed a deliberate evolution of the company’s strategy and transformation from its professional services roots into a leading CRE intelligence firm. I look forward to carrying the momentum forward and accelerating the pace of progress as I step into the role.”
Altus Group recently carried out a strategic review and determined, after multiple proposals and alternatives, that remaining independent and continuing to execute and accelerate its strategy is the best path forward.
The company will provide further details of its plan at its upcoming Investor Day on November 20.
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