Hannon and Brennan nominated to serve on Altus Group board of directors

TORONTO—Altus Group Limited has nominated CEO Jim Hannon and Will Brennan, managing director at investment firm Long Path Partners, to stand for election to its board of directors at its upcoming AGM of shareholders.

The meeting is scheduled for May 1.

Brennan brings significant experience in public equities investing, including highly relevant experience investing in the technology sector, as well as significant financial proficiency and capital markets expertise, states a release. He also brings a unique investor perspective to the board with a deep understanding of Altus Group’s operations and market opportunity.

The company thanked retiring directors Tony Gaffney and Diane MacDiarmid for their contributions. Both joined the board in 2012 and have played important roles in overseeing the company’s transformation and significant growth, the release indicates. Gaffney served as chair of the Human Resource and Compensation Committee from 2015 to 2022 and MacDiarmid served as chair of the Corporate Governance and Nominating Committee from 2013 to 2018. Gaffney and MacDiarmid will not stand for re-election at the AGM.

“As our business expands, we are advancing the evolution of the board to ensure that we have the relevant experience and skills to oversee the next phase of the Company’s strategy,” said Raymond Mikulich, chair of Altus Group’s Board of Directors, in a statement. “Our strategic growth plan includes expanding Altus Group’s asset performance and risk management solutions to help clients drive superior performance through advanced analytics. Our ongoing director search, which began in the fourth quarter of 2023, is particularly focused on experience in data analytics innovation and technology sector finance as well as investment acumen. Both Jim and Will deepen our skillset in these areas, with Will adding a distinct investor perspective on our ongoing efforts to enhance shareholder value as an Independent Director. Their addition to the Board is an important step in our ongoing board refreshment process.”