- Highly Accomplished Fintech Executive with Proven Track
Record of Delivering Superior Performance and Innovation
- Bob Walters, Rocket Companies
Executive and Rocket Mortgage CEO to Retire Effective September 5
- Krishna to Succeed Walters as Rocket Mortgage CEO in dual
role; Bill Emerson to Become
President and Chief Operating Officer of Rocket Companies
DETROIT, July 31,
2023 /PRNewswire/ -- Rocket Companies
(NYSE: RKT), a Detroit-based
fintech platform company consisting of tech-driven mortgage, real
estate and financial services businesses, including Rocket
Mortgage, Rocket Homes, Rocket Loans and Rocket Money, today
announced that its Board of Directors has appointed accomplished
fintech executive Varun Krishna as
the company's Chief Executive Officer, effective September 5, 2023.
Krishna will succeed Bill
Emerson, who has served as interim Chief Executive Officer
since June. Emerson will continue in his interim role until Krishna
joins the Company, and will remain on the Rocket Companies Board
while also working with Krishna to ensure a smooth transition of
leadership.
Krishna has more than 20 years of experience building consumer
platform strategies for leading global fintech companies. Most
recently, Krishna served as Executive Vice President and General
Manager, Consumer Group of Intuit, Inc., where he oversaw the
organization's end-to-end suite of consumer and tax products and
services, including TurboTax and TurboTax Live. During his tenure,
TurboTax Live became the fastest growing product in Intuit's
history. Prior to Intuit, Krishna served as Senior Director of
Product at PayPal, where he managed the company's global consumer
product team.
"Varun is a visionary leader with a proven track record of
helping consumers achieve financial freedom. Throughout his career,
he has delivered innovative, technology-driven client experiences
for complex personal transactions in large, fragmented markets,"
said Dan Gilbert, Founder and
Chairman of Rocket Companies. "Varun's experience aligns perfectly
with Rocket's vision, making him the ideal person to drive growth,
strong performance and operational excellence at Rocket. On behalf
of the entire Board and our team members, I welcome Varun as
Rocket's new CEO."
"We also thank Bill for his support in stepping up to serve as
our interim Chief Executive," added Gilbert. "Having served as CEO
of Rocket Mortgage, our flagship business, for 15 years, he is the
right person to work alongside Varun going forward to ensure a
seamless transition."
"I am honored to join the Rocket Companies team," said Krishna.
"Rocket has a rock-solid foundation and tremendous potential, with
its comprehensive ecosystem and industry-renowned technology,
strong brand and award-winning client service. I look forward to
working with Bill, the Board and Rocket's exceptionally talented
team members to drive the company's future success and create
long-term value for our stakeholders."
The company also announced that Bob
Walters has informed the Board of Directors of his intention
to retire on September 5, when he
will step down from his roles as CEO of Rocket Mortgage and as
President and Chief Operating Officer of Rocket Companies. Krishna
will succeed Walters at that time as Rocket Mortgage CEO and
Emerson will assume the roles of President and Chief Operating
Officer for Rocket Companies.
"Since joining Rocket Mortgage more than 26 years ago, Bob has
built an exceptional team and strengthened our foundation to enable
the company to grow in any market," said Gilbert. "His legacy as a
leader and an expert in Capital Markets will leave a lasting impact
on Rocket Mortgage and I thank him for the years of dedication to
our business."
"For the last 27 years, I have been honored to work alongside
many special and talented people who are also some of the very best
anyone could ever hope to spend a career with," Walters said. "I'm
excited about the next chapter, but I will deeply miss the
camaraderie, passion and excellence of everyone who has built
Rocket into the great company that it is. I am proud to be
able to leave with the business in great hands, knowing, as
Dan Gilbert often reminds us, 'Our
best days are most certainly ahead.'"
"Dan's impact on numerous industries, the cities of Detroit and Cleveland and so much more has been, and
continues to be, profound. I couldn't have known so many years ago
when I started that I'd have a front row seat to history. Working
closely with Dan and learning from him has been the privilege of a
lifetime," Walters added.
About Varun Krishna
Krishna has served as Executive Vice President & General
Manager of Intuit's Consumer Group since his appointment in May of
2022. Prior to this role, he served in a variety of leadership
roles within the TurboTax and Mint businesses, most notably as its
Senior Vice President and GM from 2020-2022. Before Intuit, he
served as Senior Director of Product at PayPal, where he managed
the global consumer product organization. Prior to these roles,
Krishna held a myriad of product leadership roles at Groupon and
Betterworks and spent nine years at Microsoft, where he was named
to several positions of increasing responsibility.
Krishna holds a Bachelor's degree in Computer Engineering from
the University of Waterloo in
Canada.
About Rocket Companies
Founded in 1985, Rocket Companies is a Detroit-based fintech platform company
consisting of personal finance and consumer technology brands
including Rocket Mortgage, Rocket Homes, Amrock, Rocket Money,
Rocket Loans, Rocket Mortgage Canada, Lendesk, Core Digital Media,
Rocket Central and Rocket Connections.
Rocket Companies' mission is to be the best at creating
certainty in life's most complex moments so its clients can pursue
their financial dreams. The Company helps clients achieve the goal
of home ownership and financial freedom through industry-leading
client experiences powered by its simple, fast and trusted digital
solutions. J.D. Power has ranked Rocket Mortgage, part of Rocket
Companies, #1 in client satisfaction for both primary mortgage
origination and servicing 21 times – the most of any mortgage
lender.
For more information, please visit the Company's Corporate
Website or Investor Relations Website.
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SOURCE Rocket Companies, Inc.