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CoStar Group, Inc. Elects John W. Hill To Board Of Directors

WASHINGTON, Oct. 2, 2012 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), today announced the election of John W. Hill, Founder and Chief Executive Officer of John W. Hill Consulting, to its Board of Directors. Hill was elected by CoStar's Board of Directors at a regularly scheduled Board meeting held on September 27, 2012, to fill a newly created directorship. This increases the number of CoStar directors from seven to eight.

With more than three decades of experience in financial management, organizational design and development, and strategic business planning, Mr. Hill has a proven track record leading high-performing organizations across diverse industries, comprising government, non-profit and for-profit entities. Currently leading an independent consulting practice, Mr. Hill served for eight years as Chief Executive Officer of The Federal City Council, a not-for-profit, non-partisan organization dedicated to the improvement of Washington, DC. Mr. Hill also previously served as the Chief Executive Officer of ln2Books, Inc., a partner with Andersen, LLP, and as Director of Audits in Marriott Corporation's Internal Audit Division, among other financial leadership positions.

"John brings a strong breadth of financial and organizational management expertise to our Board," said Andrew C. Florance, Founder and Chief Executive Officer of CoStar. "His extensive background in accounting, auditing and financial matters will be of tremendous value in supporting CoStar's growth and expansion efforts."

Hill joins a distinguished group of business leaders on CoStar's Board, which includes Florance; Chairman Michael R. Klein, Chairman of the Board of the Sunlight Foundation; David Bonderman, Founding Partner of TPG Capital, L.P.; Michael J. Glosserman, Managing Member, The JBG Companies; Warren H. Haber, Chairman and CEO of Founders Equity Inc.; Christopher J. Nassetta, President and Chief Executive Officer of Hilton Worldwide; and David J. Steinberg, Chief Executive Officer, SnappCloud, Inc.

Mr. Hill currently serves as the Chair of the compensation committee, as a member of the audit committee and as a member of the Trustees committee of Chesapeake Lodging Trust Corporation. Previously, Mr. Hill served on the Board of Directors and was a member of the audit and compensation committees for Highland Hospitality, Inc. He also has served in Board positions with the DC Public Library and DC Shakespeare Theatre, among other public government-related and non-profit organizations in the Washington, DC region. He received a B.S. in Accounting from the University of Maryland and is a Certified Public Accountant and Certified Government Financial Manager.

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