KB Home CFO Jeff Kaminski to Retire in 2025

(Reuters) – U.S. homebuilder KB Home (NYSE:KBH) announced that its finance chief Jeff Kaminski will retire in early 2025 after serving over 14 years in the role.

Kaminski, an industry veteran who joined the homebuilder in 2010, previously held the position of chief financial officer at U.S. auto parts maker Federal-Mogul.

“Jeff has played a critical role in improving the financial structure of our business, particularly in architecting and driving the execution of our returns-focused growth strategy,” said KB Home CEO Jeffrey Mezger.

Homebuilder confidence in the U.S. saw a slight increase in September as mortgage rates fell, halting four months of consecutive declines. However, confidence levels remain relatively low due to rising costs that continue to impede construction.

Kaminski will continue serving as CFO through the filing of KB Home’s 2024 annual report.