CoStar Group announced the appointment of Nana Banerjee as an independent member of its Board of Directors, citing his experience in AI and advanced analytics to support the company's long-term growth strategy.

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, today announced that Nana Banerjee has been appointed as a new independent member of the Company's Board of Directors (the "Board"), effective immediately. With this appointment, the Board expands to nine directors, eight of whom are independent.

Nana Banerjee brings more than two decades of experience leading and scaling global technology and data-driven businesses to the Board. Most recently, he served as President and Chief Executive Officer of Pelmorex Corp., a global weather and climate data company best known for The Weather Network, where he successfully led the company's transformation with market leading AI-native offerings. He previously served as a Senior Advisor and Senior Managing Director at Cerberus Capital Management, where he worked with portfolio companies to drive operational efficiencies and enterprise value. In other prior roles, he served as President and Chief Executive Officer of McGraw-Hill, Group President and Chief Analytics Officer at Verisk, Chief Operating Officer of Argus Information & Advisory Services, and the Head of Citibank's credit card business in the United Kingdom. Additionally, Dr. Banerjee served as Audit Committee Chairman and Non-executive Chairman of Comscore.

"On behalf of the Board, we are pleased to welcome Nana, a highly experienced executive who brings a complementary skillset that aligns with our unique operations and strategy," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "Nana is a respected industry leader with deep expertise spanning centralized data, AI, and advanced analytics organizations. We look forward to benefiting from his distinct perspective as we advance our proven strategy to drive accelerated, profitable growth and long-term stockholder value."

"Nana's appointment follows a comprehensive search to identify a director who would bring additional C-suite experience in data analytics to the Board as we continue to guide the execution of CoStar Group's proven value-creation strategy," said Louise Sams, Independent Chair of the Board. "His appointment reflects the Board's commitment to regularly adding accomplished leaders that enable the Board to evolve with CoStar Group's business and help us continue to act in the best interests of the Company and stockholders."

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