KB Home (NYSE: KBH) is losing a very prestigious name on its Board of Directors. The company just announced that Ron Burkle will not stand for re-election to KB’s Board of Directors at the next annual meeting of stockholders. That meeting is being held on April 1, 2010. It’s no April Fool’s Day.
Burkle said he not standing for re-election in order to devote more time to his other business interests.
Burkle is the founder and managing partner of Yucaipa Companies and has served on the Board of KB for more than 15 years.
Yucaipa also has done property deals with KB in the past. Burkle’s statement included the following:
- “It has been a pleasure to serve on KB Home’s Board… This is a well-run company with an excellent business model, and I look forward to following its success in the future.”
JON C. OGG
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.