CoStar Appoints 3 New Board Members, Forms Capital Committee

Author

Slice of Real Estate Team
April 09, 2025

Key Highlights:

  • John Berisford, Rachel Glaser, and Christine McCarthy join CoStar's Board.

  • Louise Sams appointed as independent Board Chair.

  • Capital Allocation Committee created to optimize investment and profitability, including for Homes.com.

Source: Business Wire

Notable Quotes:

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“These Board additions and the creation of the Capital Allocation Committee align with our commitment to strong governance practices and focus on enhancing stockholder value.”

Louise Sams, Board Chair at CoStar Group
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“With the strength and support of the refreshed Board, CoStar Group is well positioned to extend its long track record of creating stockholder value.”

Andy Florance, Founder and CEO at CoStar Group
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“The changes announced today, coupled with CoStar’s leading franchises, position the Company to create sustainable value for stockholders.”

Michael O’Mary, Managing Director at D. E. Shaw group

Why This Matters:

This Board refresh and strategic shift signal a pivotal moment for CoStar Group. By appointing seasoned industry experts and establishing a dedicated Capital Allocation Committee, CoStar is aligning leadership and investment priorities to reinforce its dominance in digital real estate platforms. The move, backed by major stockholders like D. E. Shaw and Third Point, reflects a broader industry trend toward governance transparency and disciplined financial strategy aimed at long-term stockholder value.