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CoStar Group, Inc. (NASDAQ: CSGP) has appointed Gene Boxer as General Counsel and Corporate Secretary, effective immediately. Boxer, a seasoned legal professional with over 20 years of experience, will oversee legal and compliance functions, including SEC reporting, M&A, and corporate governance. His previous roles include Chief Strategy Officer at Sirius International Insurance Group and Global General Counsel at Cushman & Wakefield. CoStar expects Boxer's expertise in acquisitions and global management to enhance its growth strategy as it expands internationally.
Positive
Gene Boxer brings over 20 years of experience in legal and compliance roles, enhancing leadership.
Boxer's expertise in acquisitions may lead to successful international expansion.
Negative
Concerns about continuity and integration of new leadership may arise.
WASHINGTON--(BUSINESS WIRE)--
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the hire of Gene Boxer as General Counsel and Corporate Secretary. As the newest member of CoStar Group’s executive leadership team and strategic advisor to the CEO, Mr. Boxer will oversee the legal and compliance function of the firm.
“We believe Gene’s extensive experience with acquisitions and global management will strengthen our success as we continue to expand our brand and organization internationally,” said Andrew C. Florance, Founder and Chief Executive Officer, CoStar Group. “We look forward to further developing our growth strategy with him on board.”
In his new role, Mr. Boxer will have oversight and management responsibility for all legal and compliance matters pertaining to the organization, including SEC reporting, M&A, commercial transactions, corporate governance, intellectual property, and data privacy matters, within the company's current geographic footprint and through a period of expected increasing global expansion. He will also be responsible for optimizing the structure of the legal and compliance department, developing and mentoring the team and working to ensure that CoStar Group's lawyers and professionals function as true business partners and engaged culture carriers.
Mr. Boxer brings a demonstrated track record of successful operating and transactional leadership over the past 20 years — delivering creative solutions to execute billions of dollars of M&A, business transformation initiatives, scalable global operating platforms, and successful realizations in a wide range of market environments. Previously, Mr. Boxer served as Chief Strategy Officer and Group General Counsel at Sirius International Insurance Group, where he played a pivotal role in the execution of several transformational strategic acquisitions and investments, the public listing of the firm, the globalization of its disparate local operations to empower business segment leaders and the successful sale of the firm during a global pandemic for the benefit of all stakeholders. Prior to joining Sirius Group, Mr. Boxer served as the Global General Counsel of Cushman & Wakefield, where he headed the Legal and Compliance functions and served as a member of the Executive Committee and Global Management Committee, and Co-Chaired the Global Enterprise Risk Management Committee, of the firm. Mr. Boxer was a core member of the management team overseeing the strategic review and sales process resulting in the sale of Cushman & Wakefield to DTZ, creating one of the largest global commercial real estate services companies.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics. 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. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. Realla is the UK’s most comprehensive commercial property digital marketplace. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada and Asia. From time to time we plan to utilize our corporate website, www.costargroup.com, as a channel of distribution for material company information. For more information, visit www.costargroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar Group's expectations, beliefs, intentions or strategies regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements, including the risk that the Company’s expected increasing global expansion will not be as and when expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2021, which is filed with the SEC, including in the “Risk Factors” sections of that filing, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
What is the significance of Gene Boxer joining CoStar Group as General Counsel?
Gene Boxer’s appointment as General Counsel is significant as he will oversee critical legal and compliance functions, and his experience may bolster CoStar's international growth strategy.
What previous experience does Gene Boxer have before joining CoStar Group?
Before joining CoStar Group, Gene Boxer served as Chief Strategy Officer and Group General Counsel at Sirius International Insurance Group and Global General Counsel at Cushman & Wakefield.
How might Gene Boxer impact CoStar Group's international expansion?
Gene Boxer’s track record in managing acquisitions and legal compliance is expected to strengthen CoStar Group’s strategy as it seeks to expand its brand globally.
