March 5, 2010 (FinancialWire) — KB Home (NYSE: KBH) said that Ron Burkle will not be standing for re-election to the company’s board of directors at its next annual meeting of stockholders, to be held on April 1, in order to devote more time to his other business interests.

Burkle, the founder and managing partner of The Yucaipa Cos., served on the KB board for more than 15 years.

California-based KB Home is a homebuilders that has delivered over half a million quality homes for families since its founding in 1957.

KB Home’s homes and communities are targeted to first-time homebuyers as well as move-up buyers and active adults.

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