KB Home Names CFO

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KB Home said Wednesday that it appointed Raymond Silcock as chief financial officer. He also will hold the title of executive vice president.

Silcock, 58, most recently served as senior vice president and chief financial officer for UST Inc., a consumer products company. Previously, he was executive vice president and chief financial officer of Swift & Co., a privately held company with $10 billion in annual sales.

“As a seasoned business strategist and financial expert, Ray’s contributions will be invaluable as we remain focused on driving results and efficiencies through our KBnxt operational business model, and returning the company to profitability,” Chief Executive Jeffrey Mezger said in a statement.

KB Home’s previous CFO, Domenico Cecere, retired last year. Chief Accounting Officer William Hollinger has been overseeing the company’s financial operations.

Shares were up 50 cents, or nearly 3 percent, to $19.05 in midday trading on the New York Stock Exchange.

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