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Glenn Kelman Steps Down as Redfin CEO After 20 Years

Rocket CEO Varun Krishna takes the helm on an interim basis during Redfin’s next integration phase.

Overview

  • Kelman announced his resignation in a LinkedIn post on Jan. 13, calling the move his decision after two decades leading the company.
  • His last day in the office is Jan. 16, and he will remain available through April 1 to support the transition.
  • Kelman said Redfin has completed an initial integration under Rocket and is preparing for a larger, longer second phase starting at next week’s all-company meeting.
  • Rocket reports early integration gains, including mortgage-application starts doubling from 250,000 in July to 500,000 in September after adding a prequalification tool to Redfin listings.
  • Rocket executives project about $60 million in revenue synergies in 2026, with 13% of its mortgage purchase pipeline now coming from Redfin clients.