KB Home's longtime CFO Kaminski to retire in early 2025

(Reuters) - U.S homebuilder KB Home said on Monday its finance chief Jeff Kaminski has decided to retire in early 2025, after more than 14 years in the role.

Kaminski, an industry veteran who joined the homebuilder in 2010, had previously held the role of chief financial officer at U.S auto parts maker Federal-Mogul.

"Jeff has played a critical role in improving the financial structure of our business, particularly in architecting and driving the execution of our returns-focused growth strategy," KB Home CEO Jeffrey Mezger said.

U.S. homebuilder confidence edged up in September as mortgage rates fell, breaking four months of consecutive declines, but remained at relatively low levels as rising costs continued to impede construction.

Kaminski will continue to serve as the CFO through the filing of KB Home's 2024 annual report, the company added.

(Reporting by Pritam Biswas in Bengaluru; Editing by Shailesh Kuber)

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