Leadership Changes - Jim Hannon is stepping down as CEO and Director of Altus Group, effective immediately [3] - Mike Gordon, former CEO and Director since 2020, has been appointed Executive Chair and will assume the CEO role in Q1 2026 [3][4] - Raymond Mikulich is stepping down from the Chair role but will remain on the Board as a Director [3] Strategic Review - The Board conducted a thorough strategic review to evaluate options for maximizing shareholder value, including soliciting interest from potential acquirers [6] - After careful consideration, the Board decided that remaining independent and executing its strategy is the best path forward for Altus Group [7] Business Transformation - Altus Group has undergone significant transformation to operate as a pure-play commercial real estate data and analytics platform [8] - The company is in the early stages of a new product cycle, with strengthening market conditions and benefits from its operational transformation beginning to materialize [8] Future Outlook - The strategic review reinforced confidence in the company's value creation plan, with clear priorities established for future execution [9] - Further details on the value creation plan will be provided at the upcoming Investor Day on November 20, 2025 [9]