Rocket Companies (NYSE: RKT), the Detroit-based parent company of Rocket Mortgage, has hired Shawn Malhotra as its first group chief technology officer.
In his new role, Malhotra will oversee the development and implementation of technology across the entire Rocket Companies’ ecosystem, including artificial intelligence (AI) development, data science, product engineering, technology operations and information security.
Malhotra previously held several technology leadership roles at Thomson Reuters (NYSE: TRI), most recent as head of engineering and product development. Prior to Thomson Reuters, Malhotra spent 12 years at Intel – including his time at Altera before the company was acquired by Intel – where his roles included leadership of Intel’s Toronto Technology Centre and serving as the company’s director of software development.
“Shawn brings a wealth of expertise and a transformative vision to our technology teams. As we double down on our commitment to technology innovation, Shawn will help us focus on delivering groundbreaking solutions to our clients, partners and team members,” said Varun Krishna, CEO of Rocket Companies. “Shawn’s primary objective will be to increase the rate of innovation and execution in the organization, amplifying Rocket’s AI initiatives. His fresh perspective and track record of leveraging AI to simplify and automate processes makes me confident that, together, we will quickly realize our vision of AI-fueled homeownership.”
;
