Bruce Karatz retired as chairman and chief executive officer of KB Home in 2006. During his tenure with KB Home beginning in 1972, he transformed the company and the industry with his revolutionizing KBnxt concept of building homes only after they have been sold, abandoning the traditional, yet vulnerable, model of building inventory first and selling second.
Karatz also sat on a number of corporate Boards, including, Edison International, Honeywell International, Avery Dennison Corporation, The Kroger Co., National Golf Properties, Fred Meyer, Inc., Smith’s Food & Drug Centers, Inc., MacFrugal’s Bargains – Close-Outs, Inc., and Falcon Cable Systems Company.
A graduate of The Blake School in Minneapolis and Boston University, Karatz earned his law degree from the University of Southern California. He is married to Lilly Tartikoff. From a previous marriage, he also has three children, Elizabeth Faraut, Matthew, and Teddy, and four grandchildren, Juliette, Thomas, Clara and Levi.more » « less