KB Home’s board of directors announced the appointment of Robert McGibney as the company’s new president and CEO, effective March 1.
At that time, McGibney, a KB Home veteran with over 25 years of service, will succeed Jeffrey Mezger, who will become KB Home’s first executive chairman of the board after serving as CEO for two decades and chairman since 2016.
“Today’s seamless CEO transition is a testament to KB Home’s extensive and carefully considered talent management and succession planning process, as well as the deep executive bench the company has developed,” says Jodee Kozlak, KB Home’s lead independent director. “Jeff has been an extraordinary leader for this company over his 20-year tenure as CEO, generating significant stockholder value and creating a strong foundation for future growth. The board is confident Rob is the right person to lead KB Home into the future.”
Mezger joined KB Home in 1993. During his CEO tenure, he repositioned the company’s operations and optimized its built-to-order business model through several market cycles. As the most senior executive officer of the company, he will continue to have a key management role with KB Home, including overseeing its high-level strategy, and supporting McGibney in his assumption of the duties of CEO.
“It has been a true privilege to serve as KB Home’s CEO since 2006 and to deliver our personalized, high-quality homes to thousands of families across the United States,” says Mezger. “In working closely with Rob for several years, I have been consistently impressed by his exceptional performance as he progressed through the executive ranks, and especially with the job he has done as chief operating officer.”
McGibney joined KB Home in 2000 in its Las Vegas division and has held roles of increasing responsibility with the company, from division president in 2012; to regional general manager in 2016; to regional president in 2018; and chief operating officer and executive vice president in 2021. In 2024, McGibney was elevated to president.
“I am honored to be appointed president and CEO of KB Home, a special company where I’ve spent nearly 26 years, the majority of my professional career,” says McGibney. “I have tremendous admiration and appreciation for everything Jeff has done in leading the company. I am excited about the future of our business and to work with Jeff and the KB Home team, as well as the board, to create long-term value.”
The board also appointed McGibney as a director, effective March 1, and will nominate him to stand for election as a director at the company’s 2026 Annual Meeting of Stockholders.
“I am confident that with the experience Rob has gained over his more than 25 years with KB Home, as well as his deep understanding of our business model, he is well prepared to serve as CEO,” continues Mezger. “I look forward to continuing to work with Rob along with our highly seasoned senior leadership team, who have an average tenure of nearly 20 years with us, to further advance our growth.”
