Exec leaves board of L.A. homebuilder

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By
Martin Romjue
on November 2, 2007 4:24 PM | | Comments (0) |

KB Home, the Los Angeles-based homebuilder, said Friday that the head of Occidental Petroleum Corp.
resigned from KB Home’s board after a 15-year tenure. Ray Irani’s resignation was effective Thursday, according to KB Home.
Irani, 72, is chairman, president and CEO of Westwood-based Occidental Petroleum. During Irani’s tenure on the KB Home board, the company grew from a regional builder with 11 operating divisions in the western U.S. to a national builder operating 27 divisions from coast to coast.
“I leave the KB Home Board confident that the company is well positioned, both strategically and financially, to emerge strongly from the current housing market slowdown,” Irani said in a statement.
--- City News Service

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This page contains a single entry by Martin Romjue published on November 2, 2007 4:24 PM.

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