Charles Rinehart joins Kaufman and Broad board.LOS ANGELES--(BUSINESS WIRE)--June 20, 1996--Kaufman and Broad Home Corp. (NYSE NYSE See: New York Stock Exchange :KBH) Thursday announced the appointment of Charles Rinehart to its board of directors. Rinehart, 49, is chairman and chief executive officer of H.F. Ahmanson & Co. and its principal subsidiary, Home Savings of America. "Charlie Rinehart is one of the most innovative executives I've come to know," said Bruce Karatz, Kaufman and Broad chairman and chief executive officer. "At Ahmanson, he's been an agent for change, working extremely hard to transform a traditional S&L into a leading-edge, full-service consumer bank. It's that kind of beyond- the-box thinking that we're bringing to the Kaufman and Broad board." Prior to joining H.F. Ahmanson and Home Savings in 1989, Rinehart was president and chief executive officer of Avco Financial Services, a multinational consumer finance, life insurance and property casualty insurance company. He joined Avco in 1983 as president and was appointed chief executive officer in 1985. Rinehart currently serves on the board of directors of the Federal Home Loan Bank of San Francisco and the Los Angeles World Affairs Council World Affairs Council may refer to:
A council, established following the passage of the Monetary Control Act of 1980, whose purpose is to provide information and views on the special needs and problems of thrifts. and the Los Angeles Business Advisory Council. He is a member of the Casualty Actuarial Society The Casualty Actuarial Society (CAS) is a professional society of actuaries. Its members are mainly involved in the property and casualty areas of the actuarial profession. and a fellow of the American Academy of Actuaries The The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas. . In addition, he serves on the Advisory Committee of Drug Use is Life Abuse, and is a member of the Tustin Public Schools Foundation Campaign Committee. A San Francisco native, Rinehart graduated from the University of San Francisco • • [ in 1968 with a degree in mathematics, and served in the United States Army United States Army Major branch of the U.S. military forces, charged with preserving peace and security and defending the nation. The first regular U.S. fighting force, the Continental Army, was organized by the Continental Congress on June 14, 1775, to supplement local as a member of the 82nd Airborne Division. He and his wife, Cynthia, reside in Santa Ana, Calif., with their four children. Los Angeles-based Kaufman and Broad Home is the largest home builder in the west, with 15 operating divisions in California, Arizona, Nevada, Colorado, Utah, New Mexico and Texas. The company is also among the largest builders in metropolitan Paris. CONTACT: Kaufman and Broad Home Corp., Los Angeles Gregory F. Romano, 310/231-4253 310/572-0695 (pager) |
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