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2d ago

Rocket Companies President Bill Emerson to Retire at Year-End, Remain on Board

The transition coincides with integration of Redfin alongside preparations for a planned Mr. Cooper closing.

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Overview

  • Emerson will step down as president at the end of 2025 and continue as a director, according to an SEC filing.
  • Rocket says it has no current plans for anyone to assume the president title after his departure.
  • The 32-year company veteran previously served as CEO from 2002 to 2017 and briefly as interim CEO in 2023, and he helped hire current CEO Varun Krishna.
  • The move follows other departures of long-tenured leaders, including former CEO Jay Farner in 2023 and Rocket Mortgage President Tim Birkmeier in 2024.
  • Rocket reported Q2 2025 GAAP net income of $34 million on $29 billion in mortgage production, closed its Redfin acquisition, and expects the Mr. Cooper deal to close in Q4 2025.