KB Home Elects Brian R. Niccol to Its Board of Directors
July 09 2021 - 8:30AM
Business Wire
Board Member Michael M. Wood Assumes
Director Emeritus Role
KB Home (NYSE: KBH) today announced the election of Brian R.
Niccol to its Board of Directors on July 8, 2021. Mr. Niccol was
also appointed to the Board’s Management Development and
Compensation Committee. Along with Mr. Niccol’s election to the
Board, Michael M. Wood, a Board member since 2014, has assumed the
advisory role of Director Emeritus, stepping down from the Board,
as well as its Audit and Compliance and Nominating and Corporate
Governance Committees. With these changes, the Company’s Board will
remain at 12 members, eleven of which are independent.
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KB Home Elects Brian R. Niccol to Its
Board of Directors (Photo: Business Wire)
“We are very excited to welcome Brian to our Board of
Directors,” said Jeffrey Mezger, Chairman, President and Chief
Executive Officer. “He is a proven leader with vast experience
across operational strategy, digital marketing and brand building,
which have been key growth drivers of the companies he has led. In
addition, Brian’s commitment to sustainability as a strategic
priority will be informative for us as we continue to advance our
environmental, social and governance initiatives.”
“Continuing our Board’s thoughtful and proactive approach to
succession planning, Mike is transitioning at his suggestion into a
Director Emeritus role, serving as a non-voting advisor to the
Board,” Mezger continued. “This will provide continuity and enable
the Board to have the benefit of Mike’s on-going insights and
contributions as well as Brian’s perspectives.”
Brian R. Niccol is the Chairman and Chief Executive Officer of
Chipotle Mexican Grill, Inc. (NYSE: CMG), which operates 2,800
company-owned restaurants across the U.S, as well as in Canada and
Europe. Mr. Niccol has served as Chipotle’s Chief Executive Officer
since 2018 and as Chairman of its Board since 2020. Previously, he
spent 13 years in different divisions of Yum!Brands (NYSE: YUM),
most recently serving as Chief Executive Officer of Taco Bell Corp.
from 2015 to 2018 and as its President from 2013 to 2014. Earlier
in his career, Mr. Niccol spent 10 years at Procter & Gamble
Co., serving in various brand management positions. Mr. Niccol is a
member of the board of directors of The Chipotle Cultivate
Foundation, Chipotle’s nonprofit organization, and previously
served on the board of Harley-Davidson, Inc. (NYSE: HOG).
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.
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Jill Peters, Investor Relations Contact (310) 893-7456 or
investorrelations@kbhome.com
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