BETHESDA, Md., Feb. 24, 2010 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced the appointment of Craig F. Gomez as Chief Human Resources Officer. Gomez brings more than 27 years of experience in managing, assessing and developing human capital as a senior-level human resources executive for several world-class organizations, including General Electric, GE Capital, Pepsico and Cisco Systems.
Gomez will be responsible for all aspects of human resource initiatives throughout CoStar and its operating subsidiaries, including hiring, compensation, benefits and training and development. He will report directly to CoStar Group's Chief Executive Officer Andrew C. Florance.
"I am very pleased to welcome an outstanding leader to direct this vitally important function at CoStar Group," said Florance. "Craig brings a depth of knowledge and experience in identifying and developing talent for several Fortune 500 companies recognized for their innovative and successful human resource programs. His leadership and expertise will be instrumental in developing CoStar's single most important resource and supporting the company's continued growth."
Gomez's broad-based human resources experience includes significant expertise in the areas of leadership development, change management, organizational development, corporate education and training. He has a special interest in leadership development programs and helped design and implement Cisco University as well as leadership development programs at GE Capital. He also has designed and implemented talent assessment tools and programs, process improvement programs and conducted extensive merger and acquisition work for both GE and Cisco Systems as Director of World Wide Acquisition Integration.
He holds a BA in Communications and an MBA, both from the University of North Carolina-Chapel Hill.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information, marketing and analytic services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,400 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2008, and Form 10-Q for the quarter ended September 30, 2009, under the heading "Risk Factors." All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.