CoStar Group has appointed Robin Rossmann as its new Chief Financial Officer. The appointment will take effect on July 31, 2026. Rossmann succeeds Christian Lown, who will step down from the role.
As CoStar Group CFO, Robin Rossmann will lead the company’s global finance organization. He will oversee financial performance, capital allocation, planning, and investor engagement. The appointment supports CoStar Group’s continued focus on growth and profitability. The company aims to expand its global platforms and create long-term shareholder value.
Rossmann is currently employed with CoStar Group, where he holds the position of Managing Director for Europe. Additionally, he forms part of the company’s executive leadership team. In the last two years, Rossmann managed to enhance business margins of the company in Europe by a considerable amount. He managed to cut costs in the region by about 25%, translating to almost $51 million worth of cost reduction. He managed to achieve high revenue growth on the double digit scale while also overseeing the expansion of CoStar’s operation in France.
“Robin is a rare executive who combines deep financial expertise with proven operating leadership and a demonstrated ability to dramatically reduce costs while accelerating growth,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “During his time with CoStar Group, he has consistently delivered outstanding operating performance across our international businesses driving strong organic revenue growth, expanding margins, successfully integrating acquisitions and launching our products in new markets. Robin knows our business, strategy and culture exceptionally well, and is deeply respected across our leadership team. I look forward to partnering with him as we sharpen our focus on margin expansion and profitable growth.”
Strengthening Financial Leadership for Global Growth
In 2016, Rossmann was employed at STR. Here he worked with businesses in various regions globally. This involved EMEA, Asia Pacific, and Latin America regions. CoStar Group purchased STR in 2019. In turn, Rossmann became an employee of this company. Ever since, he has been helping in the expansion of the company internationally. Besides, he has been playing a part in product launches across the globe.
“CoStar Group has built one of the strongest and most differentiated real estate technology companies in the world,” said Rossmann. “I am honored to assume the role of Chief Financial Officer at such an exciting point in the Company’s evolution. I look forward to partnering with Andy, our leadership team and our employees to drive disciplined capital allocation, enhance operational efficiency, expand margins and support continued profitable growth while delivering long-term value for our shareholders.”
Before being part of STR, Rossmann was a member of Deloitte for 13 years where he held the position of Senior Director and counseled many leading real estate and hospitality firms. His areas of specialization include financial assurance, risk management, valuations, business planning, and investment analysis. Rossmann is also a Chartered Accountant.
“On behalf of the Board of Directors and the entire CoStar Group team, I want to thank Chris for his contributions during his tenure with the Company,” said Florance. “We appreciate his service and wish him continued success in his future endeavors.”
On the other hand, Christian Lown is stepping down from the CFO role effective July 31, 2026. This has been reported by CoStar Group, which stated that there were no disputes regarding his leaving.
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Source: Businesswire
