KB Home (NYSE:KBH), Los Angeles, on Thursday announced the hiring of its third chief financial officer in the past two years. He is Jeff Kaminski, who will join KB June 7 from the same post at Federal-Mogul Corporation, a Michigan-based automotive technology company.
He succeeds William R.Hollinger, senior vp and chief accounting officer, who had been serving as CFO on an interim basis since former CFO Raymond P.Silcock abruptly departed in December. The company gave no reason for the departure at the time, but analysts attributed the move to differences in management style and philosophy. Silcock succeeded Domenico Cecere, who retired at age 58 in 2008 after holding the CFO job for five years.
"Jeff brings with him a broad background in key financial disciplines and extensive leadership experience in a leading public company," said Jeffrey T. Mezger, president and chief executive officer of KB Home.
Kaminski's resume shows experience with several disciplines that are of growing importance in the home-building business. Among the positions he held during 20 years with Federal-Mogul were senior vP of global purchasing, vp of global supply chain management, vp of finance for global powertrain systems, managing director of the aftermarket subsidiary in Australia and international controller for the aftermarket group.
Kaminski, 48, began his career in public accounting at Deloitte & Touche LLP. He holds a bachelor's degree in business administration from the University of Michigan and an MBA from Wayne State University.