KB Home Names Raymond P. Silcock Chief Financial Officer
LOS ANGELES, Sep 09, 2009 (BUSINESS WIRE) -- KB Home (NYSE:KBH) today announced that Raymond P. Silcock has been
named executive vice president and chief financial officer. With a
career spanning three decades, Silcock, 58, brings a wealth of
consumer-oriented corporate financial and strategic planning experience
to KB Home, including more than ten years as a public company chief
financial officer. He will report directly to KB Home president and
chief executive officer Jeffrey T. Mezger.
"We are pleased to welcome Ray to KB Home," said Mezger. "As a seasoned
business strategist and financial expert, Ray's contributions will be
invaluable as we remain focused on driving results and efficiencies
through our KBnxt operational business model, and returning the company
to profitability."
Silcock most recently served as senior vice president and chief
financial officer for UST Inc., a leading S&P 500 consumer products
company. Previously, he was executive vice president and chief financial
officer of Swift & Company, one of the world's largest privately held
companies with $10 billion in annual sales. Silcock also served as
executive vice president and chief financial officer of Cott
Corporation, the world's largest private label bottler of soft drinks,
where he played a pivotal role in growing the U.S. business of this
Canadian-based company. Earlier in his career, Silcock spent 18 years
with Campbell Soup Company.
"I am excited to join the KB Home team, and to building on the sound
financial strategies that are already in place," Silcock said. "I look
forward to helping KB Home become an even stronger company in the years
to come."
Silcock will work closely with senior vice president and chief
accounting officer William R. Hollinger, who has been leading KB Home's
financial operations. "I would like to thank Bill for his invaluable
leadership," said Mezger. "He has been integral to creating and
implementing the strategies that have successfully positioned KB Home
for the future. With these two business leaders on our team, we will
continue building on our positive performance."
Silcock earned an MBA from the Wharton School of the University of
Pennsylvania. He also holds a U.K. certification from the Chartered
Institute of Management Accountants.
About KB Home
KB Home, one of the nation's leading homebuilders, has delivered
hundreds of thousands of quality homes for families since its founding
in 1957. The Company is distinguished by its Built to Order(TM)
homebuilding approach that puts a custom home experience within reach of
its customers at an affordable price. KB Home's award-winning homes and
communities meet the needs of first-time homebuyers with flexible
designs that also appeal to move-up buyers and active adults. Los
Angeles-based KB Home was named the #1 homebuilder on FORTUNE(R)
magazine's 2009 "World's Most Admired Companies" list. This marks the
second year in a row and the third time in the past four years that KB
Home has achieved the top ranking. The Company trades under the ticker
symbol "KBH," and was the first homebuilder listed on the New York Stock
Exchange. For more information about any of KB Home's new home
communities, call 888-KB-HOMES or visit www.kbhome.com.
SOURCE: KB Home
KB Home
Heather Reeves, Media Contact
310-231-4142 or hreeves-x@kbhome.com
Kelly Masuda, Investor Contact
310-893-7434 or kmasuda@kbhome.com
Copyright Business Wire 2009