CoStar Group has announced that Nana Banerjee has been appointed as a new independent member of the Company’s Board of Directors, effective immediately. Nana Banerjee brings more than two decades of experience leading and scaling global technology and data-driven businesses to the Board. With this appointment, the Board expands to nine directors, eight of whom are independent.
Andy Florance, Founder and Chief Executive Officer of CoStar Group, said, “Nana is a respected industry leader with deep expertise spanning centralised data, AI, and advanced analytics organisations. 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.”
Louise Sams, Independent Chair of the Board, CoStar Group, said, “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. His appointment reflects the Board’s commitment to regularly adding accomplished leaders who 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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