KB Home (NYSE: KBH) yesterday announced that Robert McGibney has been promoted to President in addition to his current role of Chief Operating Officer, effective February 1, 2024. In this expanded position, Mr. McGibney will continue to have overall responsibility for the Company’s operations, while also directing business strategy, community count and revenue growth, along with leadership development. Additionally, Mr. McGibney will continue to lead key strategic support functions such as architecture, design studio, marketing, national contracts, sustainability, and financial services operations.
“I am pleased to announce Rob’s promotion, which will further support our planned increase in community count this year, and position the Company for future revenue growth,” said Jeffrey Mezger, Chairman and Chief Executive Officer. “Rob joined KB Home over two decades ago and is a great example of our ability to grow talent within the Company. He has done a tremendous job building robust businesses across our footprint and has been an outstanding operator throughout his KB Home career. Rob’s appointment to President, along with several regional management additions, are important steps in structuring our team to take full advantage of the opportunities available to us and achieving our strategic goal of a top 5 or better market share position in each of our served markets.”
Mr. McGibney joined KB Home in 2000 as a Financial Analyst in the Las Vegas division and went on to lead several key areas within the division, including land development, purchasing and operations. He held roles of increasing responsibility, with promotions to Senior Vice President, Executive Vice President and, in 2012, Division President in Las Vegas. In 2016, he was promoted to Regional General Manager of the company’s Arizona and Nevada businesses and in 2018, became Regional President, with additional responsibility for our California divisions. Since 2021, Mr. McGibney has served as a Chief Operating Officer and Executive Vice President of KB Home.