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KAUFMAN AND BROAD PROMOTES SENIOR MANAGEMENT TEAM; CREATES NEW POSITION TO RUN CALIFORNIA OPERATIONS

 KAUFMAN AND BROAD PROMOTES SENIOR MANAGEMENT TEAM;
 CREATES NEW POSITION TO RUN CALIFORNIA OPERATIONS
 LOS ANGELES, April 8 /PRNewswire/ -- Kaufman and Broad Home Corp. (NYSE: KBH) today announced the promotion of three senior managers to executive vice president, and the creation of a new senior level position to oversee the company's California home building operations. The company said both actions were an acknowledgement of the tremendous growth opportunities it is pursuing in both of its major markets.
 Roger B. Menard was named executive vice president and president of California operations. Menard, who previously served as president of the company's Fremont, Calif.-based South Bay home building division, will be responsible for managing Kaufman and Broad's eight California divisions, overseeing all design, construction, land acquisition, sales and marketing functions.
 The company also announced that R. Chad Dreier has been promoted to executive vice president and remains chief financial officer. In addition, Guy Nafilyan was promoted to executive vice president and president of European operations.
 "These actions recognize the ongoing changes occurring in the home building industry, and the significant opportunities these create for Kaufman and Broad," said Bruce Karatz, president and chief executive officer. "Roger Menard us one of our industry's most talented, respected leaders. He will play a key role in enabling Kaufman and Broad to reach its goal of achieving from 7 percent to 8 percent total market share in California over the next several years," he added.
 Menard has been with Kaufman and Broad since 1985. A native of San Francisco, he has built approximately 7,000 homes over a career spanning more than 20 years, and has won numerous industry and community awards.
 Dreier will continue to be responsible for overseeing the financing of Kaufman and Broad's growth and spearheading the company's strategic long-range planning effort. He will also continue serving as chairman of Kaufman and Broad Mortgage Co., the company's wholly owned mortgage banking subsidiary. He has been with the company since 1986.
 Based in Paris, Nafilyan is responsible for directing all company activities in the greater Paris metropolitan area, including four separate building divisions, and exploring development opportunities elsewhere in Europe. Nafilyan is also a director of Kaufman and Broad Home Corp., and has been with the company since 1977.
 Los Angeles-based Kaufman and Broad is the largest producer of single-family housing in California and the largest builder in metropolitan Paris, where the company develops commercial office properties and a variety of residential investment properties in addition to single-family homes.
 -0- 4/8/92
 /CONTACT: Eileen Rose of Kaufman and Broad, 310-443-8041/
 (KBH) CO: Kaufman and Broad Home Corp. ST: California IN: CST SU: PER


EH-KJ -- LA003 -- 6070 04/08/92 08:32 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:449
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