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KB Home elects Stephen Bollenbach as chairman of the board

KB Home announced that Stephen F. Bollenbach, co-chairman and chief executive officer of Hilton Hotels Corporation, has been elected non-executive chairman of the board of KB Home. In order to enhance KB Home's Corporate Governance, the board created the position of independent non-executive chairman in November 2006. Bollenbach in this capacity is not an employee of KB Home. Bollenbach has served in his current position as chief executive officer of Hilton Hotels Corporation since 1996 where he has overseen a complete transformation of the company, including the acquisition of Hilton International and the acquisition of Promus Hotel Company and the spin off of Hilton's gaming company. Prior to joining Hilton, Bollenbach served for one year as senior executive vice president and chief financial officer for The Walt Disney Company. Before Disney, Bollenbach served in a variety of senior management positions at the Marriott Corporation to include president and chief executive officer of Host Marriott during one of the most robust hotel development periods in modern history.



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