CoStar Group Names Rich Simonelli Head of Investor Relations and Cyndi Eakin Chief Accounting Officer
12 July 2024 - 6:05AM
Business Wire
CoStar Group (NASDAQ: CSGP), a leading provider of online real
estate marketplaces, information, and analytics in the property
markets, today announced the appointment of Rich Simonelli as Head
of Investor Relations and Cyndi Eakin as Chief Accounting Officer.
Each will report to Chris Lown, Chief Financial Officer of CoStar
Group.
Simonelli, who previously held a similar role at CoStar Group
for nine years, will rejoin the company from national real estate
brokerage Compass, where he served as Senior Vice President,
Investor Relations.
As an experienced manager of the integral relationship between
investors and publicly traded companies, especially in the real
estate industry, Simonelli is ideally suited to support CoStar
Group’s investor relations efforts. At Compass, he led the
brokerage’s investor relations program, ensuring stakeholders had
the trust and understanding they needed to make informed decisions
about supporting the company. Prior to that, Simonelli served as
CoStar Group’s Vice President of Investor Relations, giving him an
unparalleled understanding of the company, its investors, and its
place in the real estate industry.
As the leader of the company’s investor relations efforts,
Simonelli will be responsible for executing the comprehensive
communication strategies needed to support long-term shareholder
confidence in CoStar Group. A 35-year veteran of the industry
regularly recognized by Institutional Investor magazine as one of
the top investor relations professionals in the United States, Rich
brings unmatched expertise cultivating relationships with
institutional investors. Through his deep knowledge of investment
banking, investor relations, and corporate band building, he has
developed an unmatched expertise in attracting, informing and
retaining world-class investors.
Eakin, who previously served as CoStar Group’s Controller, most
recently served as Head of Investor Relations, working with
investors, shareholders and analysts to convey CoStar Group’s
performance, business strategy, and strategic positioning. In her
new role, Eakin will be responsible for corporate accounting,
revenue reporting, tax compliance, technical accounting and policy
and financial reporting. Eakin’s strengths include her deep
accounting expertise, leadership and management ability. She has
played a pivotal role in supporting CoStar Group’s acquisition
integration and capital raise strategies, as well as managing
responsibility for the accounting, tax and financial systems
functions.
“I’m delighted to welcome Rich back to CoStar Group and announce
Cyndi’s promotion,” said Andy Florance, Founder and Chief Executive
Officer of CoStar Group. “As we enter another era of growth for the
company, I believe Rich’s experience with CoStar Group’s ambitious
plans and track record of success, combined with his residential
real estate industry experience, will be more relevant than ever to
CoStar Group. His ability to liaise with our shareholders takes on
a renewed importance. And Cyndi’s prior experience as our
Controller and most recent experience in Investor Relations make
her uniquely suited to oversee our accounting function. I look
forward to seeing both Cyndi and Rich thrive in these new
roles.”
About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a
leading provider of online real estate marketplaces, information,
and analytics in the property markets. Founded in 1987, CoStar
Group conducts expansive, ongoing research to produce and maintain
the largest and most comprehensive database of real estate
information. CoStar is the global leader in commercial real estate
information, analytics, and news, enabling clients to analyze,
interpret and gain unmatched insight on property values, market
conditions and availabilities. Apartments.com is the leading online
marketplace for renters seeking great apartment homes, providing
property managers and owners a proven platform for marketing their
properties. LoopNet is the most heavily trafficked online
commercial real estate marketplace with over twelve million monthly
global unique visitors. STR provides premium data benchmarking,
analytics, and marketplace insights for the global hospitality
industry. Ten-X offers a leading platform for conducting commercial
real estate online auctions and negotiated bids. Homes.com is the
fastest growing online residential marketplace that connects
agents, buyers, and sellers. OnTheMarket is a leading residential
property portal in the United Kingdom. BureauxLocaux is one of the
largest specialized property portals for buying and leasing
commercial real estate in France. Business Immo is France’s leading
commercial real estate news service. Thomas Daily is Germany’s
largest online data pool in the real estate industry. Belbex is the
premier source of commercial space available to let and for sale in
Spain. CoStar Group’s websites attracted 170 million quarterly
average monthly unique visitors for the first quarter of 2024.
Headquartered in Washington, DC, CoStar Group maintains offices
throughout the U.S., Europe, Canada, and Asia. From time to time,
we plan to utilize our corporate website, CoStarGroup.com, as a
channel of distribution for material company information. For more
information, visit CoStarGroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240711817753/en/
News Media Contact: Matthew Blocher CoStar Group (202)
346-6775 mblocher@costargroup.com
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