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CoreLogic CEO steps aside 10 months after takeover battle ends

CoreLogic CEO steps aside 10 months after takeover battle ends
Written by Publishing Team

Chief Operating Officer and Growth Patrick Dodd, left, will be the interim president of CoreLogic after Frank Martell (right) steps down from the position he has held since 2017.

Frank Martell, who led CoreLogic through Controversial takeover battle, is stepping down as president and CEO of the property information analytics company headquartered in Irvine, California.

Martell will become the Non-Executive Chairman of the Board of Directors at CoreLogic, while Pat Dodd, COO and Growth since September 2020, will serve as interim president and CEO.

“I am proud to have created significant value for stakeholders by spearheading the transformation of CoreLogic over the past decade into a leading provider of indispensable data, platforms and analytics that underpin the residential housing ecosystem,” Martell said in a press release. “With the company operating at record levels and with a deep and talented leadership seat in place, now is the time to step back from my operational role.”

Prior to joining CoreLogic, Dodd worked for Nielsen, most recently as NielsenIQ’s global president and commercial director, according to his LinkedIn profile.

“CoreLogic is well positioned to seize the many opportunities for the company as a private company,” said Martell. “He is a very talented leader, and I am confident he will drive the company forward and create amazing value in the years to come.”

Join Martell CoreLogic in 2011 As CFO before being promoted to COO in 2014. After The sudden passing of Anand Nallathambe In March 2017, Martell’s CoreLogic . became President and CEO. In November 2021, he was also appointed to the board of directors of Compass, a residential real estate brokerage that went public earlier in the year.

In June of that year, CoreLogic purchased an evaluation technology company Mercury Networks, in preparation for Martell’s business model transformation.

CoreLogic announced in December 2018 that it will do just that Exit loan creation and virtual management software To focus on the evaluation management company’s business, a move favored by Martel company success In 2019 year-end earnings.

But in June 2020, Cannae Holdings Group and Senator Investment Group make an aggressive attempt For CoreLogic, a takeover battle began that lasted until March 2021. Ultimately, CoreLogic became special with the acquisition of Stone Point Capital and Insight Partners, but only after A second hostile attempt, this time from CoStar Group.

“We greatly value and appreciate Frank’s leadership and many contributions to CoreLogic before and after our acquisition of the company,” said Stone Point CEO Chuck Davis. “We look forward to continuing to access his knowledge of the company and vertical residential property as Chairman and Equity Investor.”

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