KB Home brings on a new director

KB Home's board of directors has elected Robert Patton, Jr. to serve as its newest member.

“We are extremely pleased to welcome Bobby to the board of directors,” said Jeffrey Mezger, director, president and CEO. “With his significant experience and recognized success in a wide range of industries, we believe he will bring great perspective, expertise and insight on financial, capital investment and operational matters as we move forward in executing on our strategic growth objectives.”

Patton is a partner of Guggenheim Baseball Management LLC, as well as part owner of the Los Angeles Dodgers.

He also operates oil and gas properties in Texas and Kansas, and he has investments in ranching, insurance and construction, among other sectors.

He currently serves on the board of Security Benefit Corporation and the Advisory Council of the University of Texas, College of Liberal Arts.

Patton will also serve on the KB Home board's audit and compliance committee and its nominating and corporate governance committee.