CoStar Appoints 3 New Board Members, Forms Capital Committee
Slice of Real Estate Team
04/09/2025
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
Quotes
“ “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
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.
