KB HOME NAMES ROBERT MCGIBNEY CHIEF EXECUTIVE OFFICER

Rhea-AI Summary

KB Home (NYSE: KBH) announced that Robert McGibney will become President and Chief Executive Officer effective March 1, 2026, and will join the board that day. Jeffrey Mezger will transition to KB Home's first Executive Chairman after two decades as CEO and will continue overseeing high-level strategy.

The board will nominate McGibney for election at the Company's 2026 Annual Meeting of Stockholders. McGibney is a 25+-year company veteran who became President in 2024 after roles as COO and regional leader; senior leadership average tenure is nearly 20 years.

Positive

• Internal succession with CEO promoted from within after >25 years
• Seamless transition effective March 1, 2026 reducing leadership disruption risk
• Board will nominate new CEO for election at the 2026 Annual Meeting
• Senior leadership average tenure of nearly 20 years indicates continuity

Negative

• CEO leadership change after 20 years as CEO

News Market Reaction

-0.29%

1 alert

-0.29% News Effect

On the day this news was published, KBH declined 0.29%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

CEO transition effective date: March 1, 2026 Mezger CEO tenure: 20 years McGibney KB Home tenure: Over 25 years +3 more

6 metrics

CEO transition effective date March 1, 2026 Date Robert McGibney becomes President and Chief Executive Officer

Mezger CEO tenure 20 years Served as Chief Executive Officer for two decades

McGibney KB Home tenure Over 25 years Longstanding KB Home executive prior to CEO appointment

McGibney age 51 Age of incoming President and Chief Executive Officer

Mezger age 70 Age of outgoing Chief Executive Officer and new Executive Chairman

Senior leadership tenure Nearly 20 years Average tenure of highly seasoned senior leadership team

Market Reality Check

Price: $57.54 Vol: Volume 718,274 is at 0.6x...

low vol

$57.54 Last Close

Volume Volume 718,274 is at 0.6x the 20-day average of 1,196,685 shares. low

Technical Price 57.56 is trading below the 200-day MA of 58.63 and 18.32% below the 52-week high.

Peers on Argus

KBH fell 1.62% with key peers also lower: CVCO -3.09%, MHO -3.01%, SKY -4.98%, M...

KBH fell 1.62% with key peers also lower: CVCO -3.09%, MHO -3.01%, SKY -4.98%, MTH -2.14%, TMHC -0.78%. Scanner data does not flag a coordinated sector momentum move.

Historical Context

5 past events · Latest: Jan 23 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 23	Community opening	Positive	-0.9%	Opened Mirador Ridge Skies, third community in Mirador Point master plan.
Jan 23	Community opening	Positive	-2.2%	Launched Haven at Crosswinds townhome community in Morgan Hill, California.
Jan 22	Dividend declaration	Positive	-2.2%	Declared <b>$0.25</b> per share quarterly cash dividend with Feb payment date.
Jan 22	Community opening	Positive	-2.1%	Announced Stone Canyon wildfire‑resilient community with 24 ENERGY STAR homes.
Jan 09	Community opening	Positive	+6.9%	Opened Somerset community in Victorville with customizable ENERGY STAR homes.

Pattern Detected

Recent company-specific announcements, including new community launches and a dividend, have more often coincided with negative next-day moves than with gains.

Recent Company History

Over the past weeks, KB Home has focused news flow on community expansion and shareholder returns. New openings in Victorville, Cameron Park, Morgan Hill and Southeast Tucson were announced between Jan 9–23, 2026, alongside a $0.25 quarterly dividend declaration. Despite generally positive operational and dividend updates, four of five events saw negative 24-hour price reactions. Today’s leadership transition update fits into an active period of strategic and governance-related disclosures.

Market Pulse Summary

This announcement details a planned CEO succession, with Robert McGibney becoming President and Chie...

Analysis

This announcement details a planned CEO succession, with Robert McGibney becoming President and Chief Executive Officer on March 1, 2026 and long‑time leader Jeffrey Mezger transitioning to Executive Chairman. The transition emphasizes continuity, drawing on McGibney’s 25+ years at the company and a senior team averaging nearly 20 years of tenure. Investors may track how governance updates, recent 8‑K and 10‑K filings, and ongoing community expansion align with longer‑term strategic execution.

AI-generated analysis. Not financial advice.

Jeffrey Mezger Becomes Company's First Executive Chairman

LOS ANGELES, Jan. 28, 2026 /PRNewswire/ -- KB Home (NYSE: KBH) today announced that, as part of its long-term succession planning process, its board of directors appointed Robert McGibney as President and Chief Executive Officer, effective March 1, 2026.  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 Chief Executive Officer for two decades and Chairman since 2016. 

The board also appointed McGibney as a director, effective March 1, 2026, and will nominate him to stand for election as a director at the Company's 2026 Annual Meeting of Stockholders.

Mezger, 70, who joined KB Home in 1993, was instrumental during his tenure as Chief Executive Officer in repositioning the Company's operations and optimizing its distinctive Built to Order business model through several market cycles to generate profitable growth and solid stockholder returns, along with industry-leading customer satisfaction levels and sustainability achievements.  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 Chief Executive Officer.

McGibney, 51, joined KB Home in 2000 in its Las Vegas division, and held roles of increasing responsibility with the Company from Division President (2012) to Regional General Manager (2016), Regional President (2018), and Chief Operating Officer and Executive Vice President (2021).  In 2024, McGibney was elevated to President, with overall responsibility for the Company's operations, while also directing business strategy,  community and revenue growth and key strategic support functions, such as architecture, marketing, sustainability, and financial services operations, along with leadership development.  McGibney earned a Bachelor of Science in Accounting/Finance from Missouri State University.

"Today's seamless Chief Executive Officer 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," said 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."

"It has been a true privilege to serve as KB Home's Chief Executive Officer since 2006 and to deliver our personalized, high-quality homes to thousands of families across the United States," said Mezger . "I am pleased to recognize Rob in his promotion to serve as our next Chief Executive Officer.  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.  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 Chief Executive Officer.  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."  

"I am honored to be appointed President and Chief Executive Officer of KB Home, a special company where I've spent nearly 26 years, the majority of my professional career," said 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."

About KB Home
KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built over 700,000 quality homes in our nearly 70-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.

For Further Information:
Jill Peters, Investor Relations Contact
(310) 893-7456 or jpeters@kbhome.com

Jamie Tanker, Media Contact
(734) 417-9805 or KBHomePR@mww.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/kb-home-names-robert-mcgibney-chief-executive-officer-302673121.html

SOURCE KB Home

FAQ

When will Robert McGibney become CEO of KB Home (KBH)?

Robert McGibney becomes KB Home CEO effective March 1, 2026. According to the company, he will also be appointed as a director on that date and nominated for election at the 2026 Annual Meeting of Stockholders.

What role will Jeffrey Mezger have after the KB Home (KBH) CEO transition?

Jeffrey Mezger will become KB Home's first Executive Chairman after March 1, 2026. According to the company, he will continue overseeing high-level strategy and support McGibney in his duties as CEO.

What is Robert McGibney's experience at KB Home (KBH) before becoming CEO?

McGibney has over 25 years with KB Home, rising from division roles to COO and President. According to the company, he led operations, strategy, marketing, sustainability, financial services, and leadership development.

Will Robert McGibney stand for election to KB Home's (KBH) board?

Yes, the board will nominate Robert McGibney to stand for election at the 2026 Annual Meeting of Stockholders. According to the company, he will be appointed a director effective March 1, 2026 prior to the nomination.

How does the board describe the CEO succession at KB Home (KBH)?

The board describes the CEO transition as a seamless result of long-term succession planning and a deep executive bench. According to the company, the promotion reflects confidence in internal talent and continuity for future growth.