KB Home Names Robert McGibney as Co-Chief Operating Officer
July 08 2021 - 4:40PM
Business Wire
KB Home (NYSE: KBH) today announced that Robert McGibney has
been elected Executive Vice President and Co-Chief Operating
Officer, effective July 1, 2021. In this role, Mr. McGibney will be
responsible for the Company’s operations in its West Coast and
Southwest regions, as well as several of the Company’s key
strategic functions, including architecture, design studio,
national contracts and sustainability.
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KB Home Names Robert McGibney as Co-Chief
Operating Officer (Photo: Business Wire)
Matthew Mandino, also Executive Vice President and Co-Chief
Operating Officer, will continue to have responsibility for the
Company’s Central and Southeast regions. In addition, he will
oversee KB Home’s marketing function, customer satisfaction
initiatives, and financial services operations.
“I am pleased to announce Rob’s promotion, which will support
our expanded scale to $6 billion in revenues anticipated for this
year, upon which we expect to build as we position the Company for
future growth,” said Jeffrey Mezger, Chairman, President and Chief
Executive Officer. “Rob joined KB Home over two decades ago and
worked in many key areas within our Las Vegas division, across
finance, land development, purchasing and operations, ultimately
becoming its Division President in 2012. For the past three years,
Rob has been a Regional President, overseeing numerous divisions in
our West Coast and Southwest regions, working closely with each of
his teams to drive execution and solid performance.”
About KB Home
KB Home is one of the largest and most recognized homebuilders
in the United States and has built nearly 650,000 quality homes in
our more than 60-year history. Today, KB Home operates in 45
markets from coast to coast. What sets KB Home apart is the
exceptional personalization we offer our homebuyers—from those
buying their first home to experienced buyers—allowing them to make
their home uniquely their own, at a price that fits their budget.
As the leader in energy-efficient homebuilding, KB Home was the
first builder to make every home it builds ENERGY STAR® certified,
a standard of energy performance achieved by fewer than 10% of new
homes in America, and has built more ENERGY STAR certified homes
than any other builder. An energy-efficient KB home helps lower the
cost of ownership and is designed to be healthier, more comfortable
and better for the environment than homes without certification. We
build strong, personal relationships with our customers so they
have a real partner in the homebuying process. As a result, we have
the distinction of being the #1 customer-ranked national
homebuilder in third-party buyer satisfaction surveys. Learn more
about how we build homes built on relationships by visiting
kbhome.com.
Forward-Looking and Cautionary Statements
Certain matters discussed in this press release, including any
statements that are predictive in nature or concern future market
and economic conditions, business and prospects, our future
financial and operational performance, or our future actions and
their expected results are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current expectations and
projections about future events and are not guarantees of future
performance. We do not have a specific policy or intent of updating
or revising forward-looking statements. The most important risk
factors that could cause our actual performance and future events
and actions to differ materially from such forward-looking
statements, in particular the statement regarding our anticipated
annual revenues and potential for future growth thereafter,
include, but are not limited to the following: general economic,
employment and business conditions; population growth, household
formations and demographic trends; material and trade costs and
availability, particularly lumber; changes in interest rates; home
selling prices, including our homes’ selling prices, increasing at
a faster rate than consumer incomes; weak or declining consumer
confidence, either generally or specifically with respect to
purchasing homes; competition from other sellers of new and resale
homes; weather events, significant natural disasters and other
climate and environmental factors; the availability and cost of
land in desirable areas and our ability to timely develop acquired
land parcels and open new home communities; our ability to
successfully implement our current and planned strategies and
initiatives related to our product, geographic and market
positioning, gaining share and scale in our served markets and in
entering into new markets; our operational and investment
concentration in markets in California; consumer interest in our
new home communities and products, particularly from first-time
homebuyers and higher-income consumers; our ability to generate
orders and convert our backlog of orders to home deliveries and
revenues, particularly in key markets in California; the ability of
our homebuyers to obtain residential mortgage loans and mortgage
banking services; the performance of mortgage lenders to our
homebuyers; the performance of KBHS Home Loans, LLC, our mortgage
banking joint venture with Stearns Ventures, LLC; and other events
outside of our control. Please see our periodic reports and other
filings with the Securities and Exchange Commission for a further
discussion of these and other risks and uncertainties applicable to
our business.
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version on businesswire.com: https://www.businesswire.com/news/home/20210708005926/en/
Jill Peters, Investor Relations Contact (310) 893-7456 or
investorrelations@kbhome.com
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