KB Home CFO Jeff Kaminski to Retire in 2025 After 14 Years
Announcement of Retirement of KB Home's CFO
KB Home (NYSE: KBH), one of the largest and most reputable homebuilders in the United States, has made a significant announcement regarding its executive management. Jeff J. Kaminski, the Executive Vice President and Chief Financial Officer, has decided to retire in early 2025. This decision comes after an impressive tenure spanning over 14 years in this key role. Kaminski will remain in his position until the filing of the company's 2024 Annual Report on Form 10-K, ensuring a smooth transition as KB Home undertakes its succession planning process to identify the next chief financial officer.
Recognizing Jeff Kaminski's Contributions
In expressing gratitude for Kaminski's extensive contributions, Jeffrey Mezger, the Chairman and Chief Executive Officer of KB Home, highlighted the invaluable role Kaminski has played in shaping the company’s financial structure. Since joining KB Home in 2010, he has been instrumental in architecting a returns-focused growth strategy, which has been a critical aspect of the company's success over the years. Mezger noted that under Kaminski's leadership, KB Home has maintained a strong balance sheet, characterized by a low debt-to-capital ratio and robust cash generation, resulting in substantial stockholder returns.
Kaminski's Personal Reflections
Speaking on his upcoming retirement, Kaminski expressed his deep appreciation for being part of KB Home. He stated, "It’s been the highlight of my career working with such a terrific team, successfully developing communities and delivering the American Dream to thousands of our homebuyers while also enhancing stockholder value." His words resonate with the culture at KB Home, highlighting their commitment to delivering personalized homes and exceptional service.
About KB Home's Legacy
For over 65 years, KB Home has established itself as a leader in the homebuilding industry. The company operates across 47 markets and has built more than 680,000 quality homes. It is lauded for being the #1 customer-ranked national homebuilder, as validated by numerous third-party buyer surveys. What truly sets KB Home apart is its dedication to fostering strong relationships with customers and providing an outstanding homebuying experience. This focus on personalization enables buyers to create homes that reflect their values, all while ensuring affordability.
Commitment to Sustainability
KB Home also leads the charge in sustainability within the homebuilding sector. The company has earned one of the highest residential energy-efficiency ratings and has delivered more ENERGY STAR certified homes than any other builder. These efforts significantly contribute to reducing the total cost of homeownership for their clients, aligning with a broader commitment to environmental responsible practices.
Looking Ahead
As Kaminski prepares to step down, KB Home remains poised for continued success. The company's unique business model, striking a balance between growth and sustainability, positions it favorably in the competitive homebuilding market. As KB Home moves forward, it is committed to standing out as a leading national homebuilder, ensuring that it continues to uphold its mission of delivering quality homes and exceptional customer experiences.
Frequently Asked Questions
Who is retiring from KB Home?
Jeff J. Kaminski, the Executive Vice President and Chief Financial Officer, is retiring in early 2025.
How long has Kaminski worked at KB Home?
Jeff Kaminski has served at KB Home for over 14 years.
What role did Kaminski play at KB Home?
He was instrumental in shaping the financial structure and implementing a returns-focused growth strategy at KB Home.
What is KB Home known for?
KB Home is known as one of the largest and most trusted homebuilders in the U.S., recognized for quality construction and customer relationships.
How does KB Home promote sustainability?
KB Home is a leader in sustainability, delivering many ENERGY STAR certified homes and focusing on energy efficiency in construction.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Investigation of WM Technology Reveals Potential Misconduct
- Class Action Alerts for Symbotic, PDD Holdings, Extreme Networks, and Sprinklr
- Class Action Updates for WEBTOON, Verve, Domino's, and Ardelyx
- Investigation into Cardlytics and More: What You Need to Know
- Hopeful Life Launches Empowering Initiative Against Youth Addiction
- Legal Investigations Into Liquidia, Napco, and Franklin Entities
- Class Action Lawsuit Filed Against AMMO, Inc.: What to Know
- Legal Investigation Unfolds for Aviat Networks and Flux Power
- Innovative Approaches Highlighted at Global Incubator Conference
- Economic Insights: Dollar's Strength Amid Federal Reserve Moves
Recent Articles
- Impact Gala Raises Significant Funds for Abortion Access
- Exploring United Airlines Holdings Stock Growth Over 15 Years
- Exciting New Store Opening for Floor & Decor in Baltimore
- CTEK Showcases Innovative Charging Solutions at SEMA 2024
- Understanding CVS Health Corp's Stock Performance Dynamics
- ChitogenX Unveils Financial Results for Q2 2025 Performance
- Sarepta Therapeutics: New Equity Grants for Talent Acquisition
- Truist Financial Corporation Reveals Q3 2024 Earnings Call
- Insights into BlackRock's Latest Distribution Updates for Funds
- ZK International Group Reports Record Half-Year Revenue Growth
- Humana Inc. Set for Exciting Third Quarter Earnings Call
- Transforming Aviation: Trax Enhances WestJet with Digital Solutions
- Investigation Launched into Cumberland Heights Data Breach Issue
- Neuberger Berman Real Estate Fund Announces Distribution Plan
- Webco Industries Financial Performance: Q4 and Year-End Insights
- How to Build a Strong Foundation in Business Finance
- Neuberger Berman Connectivity Fund Declares Monthly Dividend
- Precision Optics Corporation's Financial Insights for 2024
- Cboe Global Markets to Release Third-Quarter Earnings Soon
- Principal Real Estate Income Fund Shares Distribution Insights
- John Rotonti Joins Islamorada Investment Management as Expert
- Neuberger Berman Fund Declares New Monthly Distribution Amount
- Neuberger Berman Energy Fund Declares Monthly Distribution
- Simmons First National Corporation Sets Q3 2024 Earnings Call
- First Student Drivers Unite Under Teamsters Union for Protections
- Understanding the Stigma Around Substance Use Disorders
- Zscaler's New Chief Product Officer Aims for Innovation
- The Doctors Company Receives 'A' Rating Upgrade from AM Best
- BGC Group Excels with Robust Q3 Forecast Anticipations
- Perception Capital Corp. IV Revamps Financial Framework After Agreement
- Cemtrex's Strategic 1-for-60 Stock Split Explained Insightfully
- Piedmont Office Realty Trust Welcomes New CFO for Growth
- Biohaven's Ambitious $250 Million Public Offering Explained
- Eversource's Strategic Shift: From Wind Projects to Core Operations
- Trinseo's Strategic Restructuring Aims for Growth and Profitability
- Pebblebrook Hotel Trust Navigates Hurricane Challenges Efficiently
- AdaptHealth Updates Investors on Warrant Expiration Date
- Bank OZK Set to Announce Q3 2024 Earnings and Call Details
- EcoR1 Capital Increases Stake in Galapagos NV Significantly
- The Pennant Group Initiates Major Stock Offering for Growth
- 89bio's Upcoming Participation in a Major Investor Conference
- Cricut Welcomes Heidi Zak as New Independent Board Member
- Anticipating Financial Insights: Robinhood's Q3 2024 Preview
- Pathfinder Bancorp, Inc. Announces Cash Dividend Payout
- Sana Biotechnology's Upcoming Presentation at Conference
- Wintrust Financial Set to Release Q3 2024 Earnings Soon
- Hurricane Helene: Impacts on the Semiconductor Supply Chain
- Funding Opportunity for Canadian Researchers in Microbiome Studies
- Ford Motor Company Faces Class Action Lawsuit Over Losses
- Zscaler Enhances Leadership with Adam Geller as CPO