Altus Group Limited Announces Appointment of New Executive Chairman and Acting CEO
17 November 2011 - 3:03PM
Marketwired
Altus Group Limited ("Altus") (TSX:AIF) today announced that Stuart
H. B. Smith has been appointed as Executive Chairman and Acting CEO
in addition to his current duties as a director of Altus. Mr. Smith
replaces Gary Yeoman, who is no longer employed by Altus Group,
effective immediately. The board wishes him best of luck in his
future endeavours.
"Altus is fortunate to have an excellent team of business
leaders in place companywide, and I am confident that we have the
business fundamentals necessary to further advance our strategy and
guide Altus through this period of transition to even greater
success," said Mr. Smith, "Gary's contribution and expertise have
been instrumental in building Altus over the years. I look forward
to the opportunity to build on our current momentum and further
strengthen the company."
Stuart H. B. Smith is a proven and respected leader in the
commercial real estate industry. A long-time director of Altus, he
is a Chartered Accountant, the Chairman of Epic Realty Partners and
past President and Chief Executive Officer of Oxford Properties
Group. He has more than 30 years of experience as a corporate
officer and director.
The board anticipates a search for a new CEO to be undertaken in
the near future.
About Altus Group Limited
Altus Group leads the global real estate industry in delivering
data and information 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 70 offices in 14 countries worldwide,
including Canada, UK, Australia, Asia and the United States. We
operate five interrelated Business units, bringing years 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.
Forward Looking Statements
Certain statements in this press release may constitute
"forward-looking" statements, which involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of Altus and its subsidiary
entities to be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements. These risks and uncertainties are described in
Altus' publicly filed documents, including the Annual Information
Form (which are available on SEDAR at www.sedar.com). Although the
forward-looking statements contained in this press release are
based upon what Altus believes to be reasonable assumptions, Altus
cannot assure investors that actual results will be consistent with
these forward-looking statements. These forward-looking statements
are made as of the date of this press release and, except in
accordance with applicable law, Altus will not update or revise
them to reflect new events or circumstances. Additionally, Altus
undertakes no obligation to comment on analyses, expectations or
statements made by third parties in respect of Altus, its financial
or operating results, or its securities.
Contacts: Altus Group Limited Sayla Nordin VP, Investor
Relations and Corporate Communications (416)
557-0939www.altusgrouplimited.com
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