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- CoStar Group Appoints Christian M. Lown as CFO
CoStar Group Appoints Christian M. Lown as CFO
Slice of Real Estate Team
June 21, 2024
Key Highlights:
Christian M. Lown appointed as CFO of CoStar Group, effective July 1, 2024.
Former EVP and CFO at Freddie Mac, with over 25 years of experience in banking and finance.
Lown will report to Andy Florance, Founder and CEO of CoStar Group.
Responsible for finance functions including accounting, financial planning, and investor relations.
Source (Business Wire)
Notable Quotes
“I’m thrilled to join CoStar Group, which I’ve always held in high esteem for its incredible trajectory from startup to market leader in commercial real estate data and online real estate marketplaces. Joining CoStar Group is a career honor, and I am very much looking forward to driving it forward with the rest of the senior management team to even greater heights.”
“As we seek to build upon our strong performance in recent years, I’m confident Chris is the right person to lead CoStar Group’s financial operations. He brings an unparalleled understanding of M&A, capital markets and corporate finance and, through his time at Freddie Mac, an intricate knowledge of the homebuying market at a time when our Homes.com platform is experiencing exponential growth.”
Our Take:
Christian M. Lown's appointment as CFO is a strategic move for CoStar Group, reflecting its commitment to enhancing its financial leadership amidst rapid growth. With a robust background in banking, finance, and real estate, Lown is well-equipped to steer CoStar Group’s financial operations, ensuring continued success and expansion. His extensive experience at Freddie Mac and other major financial institutions positions him as a pivotal figure in driving CoStar’s ambitious growth plans, particularly in the burgeoning online real estate marketplace sector. This leadership change underscores CoStar’s focus on solidifying its market dominance and optimizing financial performance through strategic expertise.