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WASHINGTON, June 1, 2015 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, today announced that it has named Becky Carr, Chief Marketing Officer and Eric Brodnax, Senior Vice President and Chief Digital Officer, Apartments. Ms. Carr and Mr. Brodnax will report to Andrew Florance, Founder and Chief Executive Officer of CoStar Group.
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"CoStar Group has been building exciting momentum," said Florance. "Successfully telling our story to our clients, prospects and consumers while building upon the more than 22 million unique visitors to our websites is essential for our continued success. Eric and Becky bring decades of relevant experience with excellent companies to CoStar. I believe they have enormous talent and will have substantial positive impact on the Company."
Ms. Carr will lead and execute a global marketing strategy that we expect will grow sales and market share for CoStar Group, engage key stakeholders, increase customer demand and attract new customers. She will lead and develop a world-class marketing organization. Her first and primary responsibility will be focusing on the Apartments.com and Apartment Finder initiatives.
Ms. Carr's previous roles have included Chief Marketing Officer of CenturyLink Technology Solutions, Chief Marketing Officer for Foxwoods Resort Casino, Vice President of Global Marketing for Verizon, and Vice President of Marketing for MCI and WorldCom. She also had a highly successful sales career at MCI. She has a Bachelor of Arts degree from William Smith College.
Mr. Brodnax will be responsible for driving growth in traffic and online revenue for our apartment rentals marketplaces. He has been focused on business to consumer markets for the last 15 years and brings deep experience in digital marketing and ecommerce.
Mr. Brodnax was previously with National Geographic where he served as the Executive Vice President, Digital Products. In addition, he worked for Orbitz Worldwide and The Away Network where he held executive level roles leading digital marketing, digital product management and a divisional General Manager. He has a Bachelor of Arts degree from Princeton University and an MBA from The Wharton School, the University of Pennsylvania. Mr. Brodnax is also an accomplished Olympic athlete in equestrian having participated in the 1988 Olympic Games in Seoul, Korea.
About CoStar Group, Inc.
CoStar Group (Nasdaq:CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 9.6 million registered members. Apartments.com is a premier online apartment resource for renters that matches apartment seekers with great apartment homes and provides property managers and owners a proven platform for marketing their properties. CoStar Group operates websites with over 22 million unique monthly visitors in aggregate during March 2015. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S., Canada and Europe with a staff of approximately 3,000 worldwide, including the industry's largest professional research organization. For more information, visit www.costargroup.com.
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's financial expectations, the Company's plans, objectives, expectations and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to significant risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements. The following factors, among others, could cause or contribute to such differences: the risk that CoStar will not grow sales and market share, engage key stakeholders, increase customer demand or attract new customers; and the risk that CoStar is unable to achieve the goals set forth in this release as or when expected. Additional factors that could cause results to differ materially from those anticipated in the forward-looking statements can be found in CoStar Group's Annual Report on Form 10-K for the year ended December 31, 2014, and Form 10-Q for the quarter ended March 31, 2015, each filed with the SEC, including in the "Risk Factors" section of those filings, and the Company's other filings with the SEC available at the SEC's website (www.sec.gov). CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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