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Rocket Mortgage CEO to retire – successor named

“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,” Rocket chairman Dan Gilbert said in a release. “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. 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.”

Read more: How Rocket is aiming to boost broker confidence

“I am honored to join the Rocket Companies team,” Krishna commented. “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.”

Rocket has also announced that Bob Walters, CEO of Rocket Mortgage and president and chief operating officer of Rocket Companies, plans to retire on September 5. Krishna will succeed Walters at that time as Rocket Mortgage CEO, and Emerson will assume the roles of president and COO for Rocket Companies.

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