KB Home Names Thomas Conforti Chief Financial Officer

LOS ANGELES--(BUSINESS WIRE)--March 5, 2001--KB Home (NYSE:KBH) today announced that Thomas G. Conforti, 42, has been named Senior Vice President and Chief Financial Officer of the Company.

 
Since April, 2000, Conforti served as President and Chief Operating Officer of eMind.com LLC, an e-learning company. For the prior 10 years, he was involved in a range of businesses at The Walt Disney Company's $2.6 billion Consumer Products Division, where he held the positions of Executive Vice President-Operations and Chief Financial Officer, Executive Vice President-Global Licensing, and Vice President of Planning and Control. Before joining Disney, Conforti was Vice President, Financial Control for Citicorp-Leveraged Capital Division and had served as Director, Financial Planning for CBS and Harcourt, Brace Jovanovich. Conforti began his career at PepsiCo. He received his M.B.A. in Finance from New York University.

"We look forward to drawing upon Tom's more than 20 years of strategic, operations and financial planning experience at other Fortune 500 companies. Tom has built strong financial and operational organizations to support growth and increase profitability throughout his career," noted Bruce Karatz, Chairman and CEO of KB Home. "We are particularly pleased that he is joining us at a time when KB Home is positioned to leverage its KB2000 Operating Model and focus on the attainment of even higher goals in unit deliveries, revenues, earnings and market leadership in the United States and France."

KB Home is one of America's premier homebuilders with domestic operating divisions in the following regions and states: West Coast -- California; Southwest -- Arizona, Nevada and New Mexico; and Central -- Colorado and Texas. Kaufman & Broad S.A., the Company's majority-owned subsidiary, is one of the largest homebuilders in France. In fiscal 2000, the Company delivered homes to 22,847 families in the United States and France. It also operates a full-service mortgage company for the convenience of its buyers. Founded in 1957, KB Home is a Fortune 500 Company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 1-888-KB-HOMES or visit the Company's Web site at www.kbhome.com.

For further information,contact:
Kate Mulhearn
Director, Public Relations
(310) 231-4147
kmulhearn@kbhome.com