On March 15, 2026, CoStar Group, Inc. announced the appointment of Nana Banerjee to its Board of Directors, effective immediately. This strategic move expands the Board to nine members, with eight being independent directors. Banerjee brings over two decades of experience in leading technology and data-driven businesses, most recently serving as President and CEO of Pelmorex Corp., known for its market-leading AI-native offerings. His previous roles include significant positions at Cerberus Capital Management, McGraw-Hill, and Verisk, showcasing a robust background in operational efficiencies and enterprise value enhancement.

The addition of Banerjee is seen as a pivotal step in aligning the Board's expertise with CoStar's strategic goals, particularly in the realms of data analytics and artificial intelligence. Andy Florance, CoStar's CEO, expressed enthusiasm about Banerjee's appointment, highlighting his complementary skill set that aligns with the company's operations and growth strategy. The Board's commitment to evolving with the business is further emphasized by Louise Sams, the Independent Chair, who noted that Banerjee's experience will aid in executing CoStar's value-creation strategy.

This leadership change is expected to positively impact CoStar's operational execution and strategic outlook, particularly as the company continues to innovate in the commercial real estate sector. The Board's expansion reflects a proactive approach to governance and operational excellence, aiming to enhance shareholder value and drive profitable growth. CoStar Group remains dedicated to its mission of digitizing the real estate industry, and Banerjee's expertise is anticipated to play a crucial role in this ongoing transformation.

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