Altus Group Names New CFO as It Completes Tech Transformation
Event summary
- Katie Royce will replace Pawan Chhabra as CFO of Altus Group, effective August 3, 2026.
- Chhabra, who joined in January 2023, led the company's shift to a pure-play technology model.
- Royce brings two decades of finance experience, most recently as CFO of ZenBusiness.
- Altus reaffirmed its financial outlook for Q2 and full-year 2026, with a divestiture transaction imminent.
The big picture
Altus Group's CFO transition marks the culmination of its shift from a diversified provider to a focused technology company. The move reflects broader industry trends where CRE firms are leveraging data and AI to enhance decision-making. With Royce's background in SaaS and finance, Altus aims to accelerate its 'Rule of 40' growth metric—a key indicator for scaling tech businesses.
What we're watching
- Execution Risk
- How Katie Royce's experience in scaling high-growth platforms will translate to Altus' CRE intelligence business.
- Strategic Alignment
- Whether the new CFO can sustain the company's shift toward a pure-play technology model while driving long-term value creation.
- Market Positioning
- The pace at which Altus can capitalize on AI-driven opportunities in commercial real estate intelligence under Royce's leadership.
Related topics