People: CoStar Group Inc (CSGP.O)
CSGP.O on Nasdaq
124.20USD
18 Jun 2013
124.20USD
18 Jun 2013
Price Change (% chg)
$5.75 (+4.85%)
$5.75 (+4.85%)
Prev Close
$118.45
$118.45
Open
$118.50
$118.50
Day's High
$124.62
$124.62
Day's Low
$117.81
$117.81
Volume
211,553
211,553
Avg. Vol
112,412
112,412
52-wk High
$124.62
$124.62
52-wk Low
$76.15
$76.15
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Michael Klein |
71 | 1987 | Independent Chairman of the Board |
Andrew Florance |
49 | 1995 | President, Chief Executive Officer, Director |
Brian Radecki |
42 | 2007 | Chief Financial Officer |
Francis Carchedi |
55 | Executive Vice President - Operations | |
John Stanfill |
45 | 2008 | Senior Vice President - Sales and Customer Service |
Jennifer Kitchen |
40 | 2006 | Senior Vice President - Research |
Giles Newman |
2013 | Managing Director of CoStar UK Limited | |
David Bonderman |
71 | 1987 | Independent Director |
Michael Glosserman |
67 | 2008 | Independent Director |
Warren Haber |
72 | 1995 | Independent Director |
John Hill |
58 | 2012 | Independent Director |
Christopher Nassetta |
50 | 2002 | Independent Director |
David Steinberg |
55 | 2011 | Independent Director |
Biographies
| Name | Description |
|---|---|
Michael Klein |
Mr. Michael R. Klein is Independent Chairman of the Board of CoStar Group, Inc since 1987. Mr. Klein also currently serves as Chairman of the board of directors and Chief Executive Officer of The Sunlight Foundation, a non-profit public education organization which he founded in 2005, and as Vice Chairman of the board of directors, Lead Director, Chairman of the audit and corporate governance & nominating committees and member of the compensation committee of Tutor Perini Corporation, a publicly-held construction company. From 1998 to 2011, he served on the board of directors of SRA International, Inc., a formerly publicly held provider of technology and strategic consulting services and solutions which was sold in June 2011. He also serves as Chairman of the board of trustees of The Shakespeare Theatre Company, as a director and secretary of the American Himalayan Foundation, as a director of the NAACP Legal Defense and Education Fund and as a trustee of the Aspen Music Festival and School and the Aspen Institutes. From 1974 through 2005, he was a partner of the law firm now known as Wilmer Cutler Pickering Hale & Dorr, LLP. Mr. Klein received a B.B.A. and a J.D. from the University of Miami and an L.L.M. from Harvard University. |
Andrew Florance |
Mr. Andrew C. Florance is President, Chief Executive Officer, Director of CoStar Group, Inc. He founded the Company in 1987. He is a frequent speaker on commercial real estate at industry events. He conceived and co-authored the study resulting in the 2010 launch of the CoStar Commercial Repeat-Sale Indices (CCRSI), which is believed to be the most comprehensive and thorough commercial real estate repeat-sale price index available in the market today. He also co-authored the first comprehensive analysis of leasing and sales activity in energy-efficient office buildings in the United States. The groundbreaking study was also cited as a critical factor in the Company’s selection as the only commercial real estate-related company to win an ENERGY STAR award for excellence from the U.S. Environmental Protection Agency in 2009. In addition, Mr. Florance is the recipient of numerous other awards recognizing his accomplishments as an entrepreneur and corporate leader, including: Cornell Real Estate Review’s Real Estate Industry Executive of the Year for 2009; Transwestern’s 2007 Public Company Trendsetter of the Year for revolutionizing the way the commercial real estate industry gathers, analyzes and uses information on commercial property and markets; and Ernst & Young’s Entrepreneur of the Year award in 2000 for his pioneering work in real estate information services. Mr. Florance serves on the board of directors of Walker & Dunlop, a publicly held commercial real estate finance company. He serves on the Board of Directors of ARES, an association of real estate thought leaders, and as a Trustee of the National Building Museum and The Shakespeare Theatre Company in Washington, DC. He also serves on the Governing Board for Beauvoir, the National Cathedral Elementary School. Mr. Florance received a B.A. in economics from Princeton University. |
Brian Radecki |
Mr. Brian J. Radecki is Chief Financial Officer of CoStar Group, Inc. He joined the Company in 1997 as Corporate Controller. Prior to his appointment as Chief Financial Officer in 2007, Mr. Radecki served as Vice President of Research Operations, the Company’s operating area, and before that he was Director of Accounting and Finance where he was involved in every aspect of the Company's accounting and finance functions in the United States and United Kingdom. From February 2000 until February 2001, Mr. Radecki was Chief Financial Officer of Comps, Inc. (formerly a wholly owned subsidiary of the Company). Before joining CoStar, Mr. Radecki was the Accounting Manager at Axent Technologies, Inc., a publicly-held international security software company. Prior to Axent, Mr. Radecki worked at Azerty, Inc. and the public accounting firm, Lumsden & McCormick, LLP, in Buffalo, NY. Mr. Radecki received a B.S. in business administration and a dual degree in both accounting and finance from the State University of New York at Buffalo. |
Francis Carchedi |
Mr. Francis A. Carchedi is Executive Vice President - Operations of Costar Group Inc. He returned to the Company in June 2009, having served as Chief Financial Officer and Treasurer from May 1997 through June 2007. Prior to his appointment as Executive Vice President of Operations in early 2013, Mr. Carchedi served as Vice President of Corporate Development. From 2008 to 2009, Mr. Carchedi was Chief Financial Officer of Avectra, Inc., a provider of enterprise and software as a service (SAAS)-based software and services. From 1995 to 1997, he was with ITC Learning Corporation, a publicly held publisher and distributor of multi-media training products, where he served as Vice President, Treasurer and Chief Financial Officer. Prior to that, Mr. Carchedi was with Ernst & Young, LLP for ten years, most recently as a consultant in the firm’s New York-based Mergers and Acquisitions Group and Entrepreneurial Services Group in Washington, DC. He received a B.S. in accounting from Wake Forest University. |
John Stanfill |
Mr. John L. Stanfill is Senior Vice President - Sales and Customer Service of CoStar Group, Inc since June 2008. He joined company in June 1995 as an Account Executive for the New York City market. Since then, he has held positions of increasing responsibility at CoStar, ranging from positions in business development and national market expansion to management of the Company’s Inside Sales Division. Before being appointed Senior Vice President of Sales & Customer Service in June 2008, Mr. Stanfill held the positions of Senior Vice President of Marketing & Product Management from January 2008 to June 2008, Vice President of Product Management from December 2006 to December 2007, and Vice President of Outbound Sales from March 2004 to November 2006. Mr. Stanfill received a B.A. in sociology from Boston University. |
Jennifer Kitchen |
Ms. Jennifer L. Kitchen is Senior Vice President - Research of CoStar Group, Inc. She joined CoStar in 1994 as a research analyst for the Company’s first New York City research team. Prior to her appointment as Senior Vice President of Research in 2006, Ms. Kitchen held management positions with increasing responsibility. Between 1995 and 1997, she led CoStar’s research expansion into the Los Angeles market and managed its research operations on the West Coast. In 1998, Ms. Kitchen established CoStar’s first field research and photography operations and was subsequently promoted to Director of Field Research and Photography. She was appointed Vice President of Field Research in 2004, where she led the Company’s overall field operations for collecting building-level data and photographing properties throughout the United States. Ms. Kitchen is currently responsible for entire research operations. Ms. Kitchen holds a B.A. in history from Wellesley College. |
Giles Newman |
Mr. Giles Newman has been appointed as Managing Director of CoStar UK Limited, a wholly owned subsidiary of CoStar Group, Inc. Mr. Newman, previously served as Sales & Client Services Director. |
David Bonderman |
Mr. David Bonderman, J.D., is Independent Director of CoStar Group, Inc. Mr. Bonderman is a Founding Partner of TPG Capital (“TPG”). Mr. Bonderman currently serves on the boards of directors of the following public companies: Caesars Entertainment Corporation; Energy Future Holdings Corp.; General Motors Company, for which he serves on the executive compensation and finance & risk committees; and RyanAir Holdings, plc, for which he is Chairman and serves on the executive committee and the nominating committee. Mr. Bonderman served on the boards of directors of the following public companies within the past five years: Armstrong World Industries, Inc., Burger King Holdings, Inc.; Gemalto N.V.; Univision Communications, Inc.; and Washington Mutual, Inc. Mr. Bonderman also serves on the boards of directors of XO Jet, Kite Pharma, Inc., and the American Himalayan Foundation. Prior to forming TPG in 1992, Mr. Bonderman was Chief Operating Officer of the Robert M. Bass Group, Inc. (now doing business as Keystone Group, L.P.) in Fort Worth, Texas. Prior to joining RMBG in 1983, Mr. Bonderman was a partner in the law firm of Arnold & Porter in Washington, DC, where he specialized in corporate, securities, bankruptcy and antitrust litigation. From 1969 to 1970, Mr. Bonderman was a Fellow in Foreign and Comparative Law in conjunction with Harvard University, and from 1968 to 1969, he was Special Assistant to the U.S. Attorney General in the Civil Rights Division. From 1967 to 1968, Mr. Bonderman was Assistant Professor at Tulane University School of Law in New Orleans. Mr. Bonderman graduated magna cum laude from Harvard Law School in 1966. He was a member of the Harvard Law Review and a Sheldon Fellow. He is a 1963 graduate of the University of Washington in Seattle. |
Michael Glosserman |
Mr. Michael J. Glosserman is Independent Director of CoStar Group, Inc since June 2008. He has served as a Managing Member of The JBG Companies, a real estate investment and development firm, since 1998, and is Chairman of its Executive Committee. He began his career as a staff attorney with the U.S. Department of Justice, shortly thereafter moving into commercial real estate investment and development with the Rouse Company in 1972 and then joining JBG in 1979. His non-professional affiliations include: Chairman Emeritus of the Board of Trustees, National Building Museum; Trustee, Federal City Council; and Advisory Board Member of the University of Pennsylvania Institute for Urban Research. He received a B.S. in Economics from the Wharton School at the University of Pennsylvania and received his J.D. from the University of Texas Law School. |
Warren Haber |
Mr. Warren H. Haber is Independent Director of CoStar Group, Inc. He has been, for more than 40 years, Chairman of the Board and Chief Executive Officer of Founders Equity, Inc. and its affiliates, private investment concerns. Mr. Haber is also Managing General Partner of FEF Management Services, LLC, which manages Founders Equity SBIC I, L.P. and Founders Equity NY L.P, and a Partner of Founders Property LLC, an affiliate of FEF Management Services, LLC. Mr. Haber served on the board of directors of Warnex, Inc. (Toronto Stock Exchange), and currently serves on the boards of directors of several privately-held companies, including Core BTS (formerly known as Core Business Solutions); Richardson Foods, Inc.; Stone Source, Inc.; and Pay-O-Matic, Inc. Mr. Haber holds a BBA in Finance from Baruch College. |
John Hill |
Mr. John W. Hill is Independent Director of CoStar Group, Inc., since September 27, 2012. Mr. Hill is is Founder and Chief Executive Officer of J Hill Group, a professional services practice specializing in assisting clients in improving their management operations. Prior to starting his consulting practice, from 2004 to 2012, Mr. Hill served as Chief Executive Officer of Federal City Council, a non-profit, non-partisan organization dedicated to improving the nation’s capital. Mr. Hill has previously served in multiple other executive and financial leadership positions, including as Chief Executive Officer of In2Books, Inc. and as a Partner at Andersen, LLP. Mr. Hill currently serves as a trustee, and the Chair of the compensation committee and as a member of the audit and nominating & corporate governance committees of Chesapeake Lodging Trust, a publicly traded REIT, and he previously served as a member of the audit committees of various public companies, including Highland Hospitality Inc., and various private entities, including Prestwick Pharmaceuticals, Inc. Mr. Hill also serves as President on the DC Public Library Board of Trustees; as Treasurer on The Shakespeare Theatre Company board of trustees, and as Chair of the board of directors of the National Minority Aids Council. Mr. Hill received a B.S. in Accounting from the University of Maryland, passed the CPA exam and became a Certified Public Accountant in 1977. |
Christopher Nassetta |
Mr. Christopher J. Nassetta is Independent Director of CoStar Group, Inc. Mr. Nassetta has been the President and Chief Executive Officer of Hilton Worldwide (formerly known as Hilton Hotels corporation), a global hospitality company, since December 2007. Prior to joining Hilton Worldwide, Mr. Nassetta served as the President and Chief Executive Officer of Host Hotels & Resorts (formerly known as Host Marriott Corporation), a lodging real estate investment trust and owner of luxury and upper upscale hotels, from May 2000 to December 2007. Mr. Nassetta joined Host Hotels & Resorts in 1995 as Executive Vice President and was elected the Chief Operating Officer in 1997. Prior to joining Host Hotels & Resorts, Mr. Nassetta served as President of Bailey Realty Corporation from 1991 until 1995, and he had previously served as Chief Development Officer and in various other positions with the Oliver Carr Company from 1984 through 1991. Mr. Nassetta is a member of the McIntire School of Commerce Advisory Board for the University of Virginia. Mr. Nassetta previously served on the board of directors of Host Hotels & Resorts and on the board of directors of the Real Estate Roundtable. Mr. Nassetta received a degree in finance from the University of Virginia McIntire School of Commerce. |
David Steinberg |
Mr. David J. Steinberg is Independent Director of Costar Group Inc. He has been the Chief Executive Officer of SnappCloud, Inc., since September 2009. From November 2008 to September 2009, Mr. Steinberg worked with investors and the board of directors of SnappCloud (formerly known as ARPU) on funding and revising the company’s operational focus. Prior to joining SnappCloud, Mr. Steinberg was the Chairman and Chief Executive Officer of SwapDrive, Inc., an online storage cloud solution from May 2001 to October 2008, during which time SwapDrive was sold to Symantec. Mr. Steinberg also founded bridge2bridge, where he helped companies at all stages with strategy in the areas of business development, channels, and capital formation. Prior to founding bridge2bridge, Mr. Steinberg was Vice President of BioNetrix Software, Inc., where he was responsible for worldwide sales and market development. Mr. Steinberg also previously served as the director of worldwide vertical channels at then start up Check Point Software, Inc. and as a founding member of SynOptics Communications, Inc. (which became Bay Networks after a merger), establishing SynOptics’ U.S. Eastern and federal systems operations. Mr. Steinberg serves on the boards of directors of three privately-held companies, SingleClick Systems, SolSystems, and Radius Networks for which he serves as Chairman. He is a member of the advisory board of the Washington, DC venture capital firm Core Capital Partners, and he serves on the boards of directors of the following not-for-profit entities: SEED School of Washington, DC and We are Family, located in Washington, DC. Mr. Steinberg received a B.S. in physiological psychology from the University of Cincinnati. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Michael Klein |
-- |
Andrew Florance |
4,297,890 |
Brian Radecki |
1,679,590 |
Francis Carchedi |
528,629 |
John Stanfill |
1,427,150 |
Jennifer Kitchen |
722,057 |
Giles Newman |
-- |
David Bonderman |
-- |
Michael Glosserman |
-- |
Warren Haber |
-- |
John Hill |
-- |
Christopher Nassetta |
-- |
David Steinberg |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Michael Klein |
0 | 0 |
Andrew Florance |
453,115 | 9,286,230 |
Brian Radecki |
44,875 | 1,918,710 |
Francis Carchedi |
10,000 | 314,200 |
John Stanfill |
26,852 | 733,950 |
Jennifer Kitchen |
17,633 | 604,933 |
Giles Newman |
0 | 0 |
David Bonderman |
0 | 0 |
Michael Glosserman |
0 | 0 |
Warren Haber |
0 | 0 |
John Hill |
0 | 0 |
Christopher Nassetta |
0 | 0 |
David Steinberg |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
KLEIN MICHAEL R |
5,000 | $44.86 |
KLEIN MICHAEL R |
5,000 | $30.06 |
CARCHEDI FRANCIS A |
350 | $107.73 |
FLORANCE ANDREW COLDEN |
26,253 | $100.14 |
FLORANCE ANDREW COLDEN |
20,000 | $39.00 |
FLORANCE ANDREW COLDEN |
30,000 | $99.68 |
FLORANCE ANDREW COLDEN |
30,000 | $39.00 |
KITCHEN JENNIFER L |
1,933 | $58.95 |
KITCHEN JENNIFER L |
7,700 | $42.29 |
KITCHEN JENNIFER L |
3,933 | $57.16 |
KITCHEN JENNIFER L |
16,066 | $100.01 |
FLORANCE ANDREW COLDEN |
3,495 | $101.06 |
STANFILL JOHN LEWIS IV |
3,900 | $57.16 |
STANFILL JOHN LEWIS IV |
196 | $39.53 |
STANFILL JOHN LEWIS IV |
2,300 | $42.29 |
KITCHEN JENNIFER L |
402 | $101.06 |
STANFILL JOHN LEWIS IV |
486 | $101.06 |
RADECKI BRIAN J |
1,265 | $101.06 |
STANFILL JOHN LEWIS IV |
3,866 | $58.95 |
STANFILL JOHN LEWIS IV |
14,599 | $101.10 |
RADECKI BRIAN J |
8,100 | $0.00 |
KITCHEN JENNIFER L |
3,000 | $0.00 |
STANFILL JOHN LEWIS IV |
6,000 | $0.00 |
FLORANCE ANDREW COLDEN |
33,600 | $0.00 |
CARCHEDI FRANCIS A |
7,200 | $0.00 |

