Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company, has appointed Varun Krishna as CEO, effective Sept. 5.
Krishna will succeed Bill Emerson, who has served as interim CEO since June following the retirement of Jay Farmer.
The company also announced that Bob Walters will retire from the board of directors on Sept. 5, when he will step down from his roles as CEO of Rocket Mortgage and as president and chief operating officer of Rocket Cos. 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.
Krishna previously served as executive vice president and general manager of the consumer group of Intuit Inc. Earlier in his career, he was senior director of product at PayPal. He holds a bachelor’s degree in computer engineering from the University of Waterloo in Canada.
“Varun is a visionary leader with a proven track record of helping consumers achieve financial freedom,” said Dan Gilbert, founder and chairman of Rocket Cos. “Throughout his career, he has delivered innovative, technology-driven client experiences for complex personal transactions in large, fragmented markets. 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.”
