CoStar Group Management
Management criteria checks 2/4
CoStar Group's CEO is Andy Florance, appointed in Jan 1987, has a tenure of 37.83 years. total yearly compensation is $29.18M, comprised of 3.4% salary and 96.6% bonuses, including company stock and options. directly owns 0.31% of the company’s shares, worth €84.75M. The average tenure of the management team and the board of directors is 5.3 years and 10.4 years respectively.
Key information
Andy Florance
Chief executive officer
US$29.2m
Total compensation
| CEO salary percentage | 3.4% |
| CEO tenure | 37.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.3yrs |
| Board average tenure | 10.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$175m |
| Jun 30 2024 | n/a | n/a | US$213m |
| Mar 31 2024 | n/a | n/a | US$294m |
| Dec 31 2023 | US$29m | US$997k | US$375m |
| Sep 30 2023 | n/a | n/a | US$403m |
| Jun 30 2023 | n/a | n/a | US$384m |
| Mar 31 2023 | n/a | n/a | US$367m |
| Dec 31 2022 | US$19m | US$972k | US$370m |
| Sep 30 2022 | n/a | n/a | US$338m |
| Jun 30 2022 | n/a | n/a | US$330m |
| Mar 31 2022 | n/a | n/a | US$308m |
| Dec 31 2021 | US$22m | US$906k | US$293m |
| Sep 30 2021 | n/a | n/a | US$235m |
| Jun 30 2021 | n/a | n/a | US$229m |
| Mar 31 2021 | n/a | n/a | US$229m |
| Dec 31 2020 | US$21m | US$800k | US$227m |
| Sep 30 2020 | n/a | n/a | US$279m |
| Jun 30 2020 | n/a | n/a | US$300m |
| Mar 31 2020 | n/a | n/a | US$303m |
| Dec 31 2019 | US$19m | US$792k | US$315m |
| Sep 30 2019 | n/a | n/a | US$311m |
| Jun 30 2019 | n/a | n/a | US$291m |
| Mar 31 2019 | n/a | n/a | US$271m |
| Dec 31 2018 | US$15m | US$750k | US$238m |
| Sep 30 2018 | n/a | n/a | US$199m |
| Jun 30 2018 | n/a | n/a | US$174m |
| Mar 31 2018 | n/a | n/a | US$153m |
| Dec 31 2017 | US$11m | US$742k | US$123m |
Compensation vs Market: Andy's total compensation ($USD29.18M) is above average for companies of similar size in the Italian market ($USD3.41M).
Compensation vs Earnings: Andy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Andy Florance (60 yo)
37.8yrs
Tenure
US$29,176,180
Compensation
Mr. Andrew C. Florance, also known as Andy, founded CoStar Group, Inc. in 1987. Mr. Florance serves as the Chief Executive Officer and Director at CoStar Group, Inc. and President. He is a frequent speaker...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 37.8yrs | US$29.18m | 0.31% € 84.7m | |
| Senior Vice President of Global Operations | 2.3yrs | US$5.57m | 0.039% € 10.9m | |
| Chief Technology Officer | 9.7yrs | US$8.72m | 0.086% € 23.8m | |
| President of Marketplaces | 6.8yrs | US$5.39m | 0.072% € 20.0m | |
| Chief Financial Officer | less than a year | no data | 0.0091% € 2.5m | |
| CAO & Cotroller | 8.8yrs | no data | no data | |
| Chief Information Officer | 5.1yrs | no data | no data | |
| Head of Investor Relations | less than a year | no data | no data | |
| General Counsel & Corporate Secretary | 2.7yrs | no data | 0.0084% € 2.3m | |
| Vice President of Marketing & Communications | 5.8yrs | no data | no data | |
| Senior Vice President of Global Sales | 2.2yrs | no data | no data | |
| Chief Human Resources Officer | 5.4yrs | no data | 0.016% € 4.3m |
5.3yrs
Average Tenure
57yo
Average Age
Experienced Management: 1CSGP's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 37.8yrs | US$29.18m | 0.31% € 84.7m | |
| Independent Director | 22.4yrs | US$337.05k | 0.068% € 18.7m | |
| Independent Chairman of the Board | 37.8yrs | US$407.05k | 0.47% € 129.3m | |
| Independent Director | 4.9yrs | US$315.04k | 0.0039% € 1.1m | |
| Independent Director | 12.2yrs | US$330.05k | 0.0040% € 1.1m | |
| Independent Director | 4.9yrs | US$300.03k | 0.0037% € 1.0m | |
| Independent Director | 8.6yrs | US$312.07k | 0.0043% € 1.2m | |
| Independent Member of The Board | 1.3yrs | US$275.03k | 0.0017% € 473.7k |
10.4yrs
Average Tenure
60.5yo
Average Age
Experienced Board: 1CSGP's board of directors are seasoned and experienced ( 10.4 years average tenure).