Mr. Cooper Group Inc. (NASDAQ: COOP) announced that Mike Rawls, CEO of its real estate marketplace Xome, plans to retire effective June 30. Chris Marshall, former vice chairman and president at Mr. Cooper, will succeed Rawls.
In addition to his new role with Xome, Marshall will continue in his role as chairman for Sagent, Mr. Cooper Group’s mortgage loan servicing software division.
“Since taking on the role of CEO in 2020, Mike has skillfully led Xome to become the powerhouse real estate marketplace it is today, with tremendous opportunity for growth as we move into 2025,” said Jay Bray, chairman and CEO of Mr. Cooper Group. “We are sincerely grateful for Mike’s thoughtful leadership and innovative spirit over his 25 years with the Mr. Cooper Group team, and we wish him all the best.”
“With Mike’s upcoming retirement, we are pleased to have Chris Marshall step in to lead Xome as we position the company for continued success,” Bray added. “Chris is an industry expert when it comes to driving revenue growth and building partnerships. In his time at Mr. Cooper, our team realized exponential growth and greater financial strength, and I am confident that Xome will unlock new avenues for growth and bolster its market position under Chris’ leadership.”
