Management ChangeJul 13, 2026, 05:11 PM
CoStar Group Appoints Robin Rossmann as New CFO
AI Summary
CoStar Group announced the appointment of Robin Rossmann as its new Chief Financial Officer, effective July 31, 2026. Rossmann, currently the Company's Managing Director, Europe, brings over 20 years of financial and operational leadership, having significantly improved European margins and driven double-digit revenue growth. He succeeds Christian Lown, who is resigning for an opportunity outside the company's industry. Rossmann's compensation package includes an annual base salary, incentive bonus, a $2.5 million equity grant, and a $500,000 relocation subsidy.
Key Highlights
- Robin Rossmann appointed Chief Financial Officer, effective July 31, 2026.
- Christian Lown resigned as Chief Financial Officer, effective July 31, 2026.
- Rossmann's annual base salary will be £440,000, transitioning to $590,000 upon relocation.
- He is eligible for an annual incentive bonus target of 100% of base salary.
- Rossmann will receive a one-time equity grant valued at $2,500,000.
- He is eligible for a cash relocation subsidy of $500,000.
- Rossmann reduced the Company's European cost structure by 25% (approx. $51 million) over two years.
Price Impact
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