KB Home Elects Cheryl J. Henry to Its Board of Directors

Rhea-AI Summary

KB Home (NYSE: KBH) has announced the election of Cheryl J. Henry to its Board of Directors on October 10, 2024. Henry, the former President, CEO, and Chairwoman of Ruth's Hospitality Group, Inc., will also serve on the Board's Nominating and Corporate Governance Committee. Her initial term will conclude at KB Home's 2025 Annual Meeting of Stockholders, where she will be up for shareholder vote.

Henry brings extensive operational and marketing experience from her various senior roles at Ruth's Chris Steak House, including Chief Operating Officer before becoming CEO. She previously served as Chief of Staff for the Mayor of Orlando and currently sits on the board of directors of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL).

Jeffrey Mezger, Chairman and CEO of KB Home, expressed enthusiasm about Henry's addition to the board, citing her executive-level experience in the consumer sector and her strong network in Florida, particularly in Orlando, which is an important market for the company.

Positive

• Addition of experienced executive Cheryl J. Henry to the Board of Directors
• Henry's extensive operational and marketing experience in the consumer sector
• Potential for unique insights and perspectives across strategic and operational dimensions
• Henry's strong network in Florida, particularly in Orlando, an important market for KB Home

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today announced the election of Cheryl J. Henry to its Board of Directors on October 10, 2024. Ms. Henry was also appointed to the Board’s Nominating and Corporate Governance Committee. Her initial term will end at KB Home’s 2025 Annual Meeting of Stockholders, at which time she will stand for stockholder vote.

Ms. Henry is the former President, Chief Executive Officer and Chairwoman of Ruth's Hospitality Group, Inc., a fine-dining restaurant company operating over 150 Ruth's Chris Steak House restaurants worldwide, prior to its acquisition. A seasoned executive, Ms. Henry has extensive operational and marketing experience, having served in a variety of senior roles at Ruth’s Chris, including Chief Operating Officer, before assuming the CEO role. Previously, Ms. Henry served as Chief of Staff for the Mayor of Orlando. She also serves on the board of directors of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL).

“We are very excited to welcome Cheryl to our Board of Directors,” said Jeffrey Mezger, Chairman and Chief Executive Officer. “She brings significant executive-level experience from her leadership of a respected brand in the consumer sector, and we are confident she will contribute unique insights and perspectives across a range of strategic and operational dimensions. Additionally, she has a strong network of relationships in Florida, both at the state level and in Orlando, an important market for our Company.”

About KB Home

KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 47 markets, have built over 680,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional homebuying experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR^® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241010314218/en/

For Further Information:

Jill Peters, Investor Relations Contact

(310) 893-7456 or investorrelations@kbhome.com

Source: KB Home

FAQ

When was Cheryl J. Henry elected to KB Home's Board of Directors?

Cheryl J. Henry was elected to KB Home's Board of Directors on October 10, 2024.

What committee will Cheryl J. Henry serve on at KB Home (KBH)?

Cheryl J. Henry will serve on KB Home's Nominating and Corporate Governance Committee.

What is Cheryl J. Henry's background before joining KB Home's board?

Cheryl J. Henry was the former President, CEO, and Chairwoman of Ruth's Hospitality Group, Inc., and has held various senior roles including Chief Operating Officer at Ruth's Chris Steak House. She also served as Chief of Staff for the Mayor of Orlando.

When will Cheryl J. Henry's initial term on KB Home's board end?

Cheryl J. Henry's initial term will end at KB Home's 2025 Annual Meeting of Stockholders, at which time she will stand for shareholder vote.