Rocket Companies, Inc. announced that following a 27-year career at the Company, Chief Executive Officer Jay Farner plans to retire from his position effective June 1, 2023. At that time, Bill Emerson, longtime Rocket executive and current Vice Chairman of Rock Holdings, will assume the role of Chief Executive Officer on an interim basis. Emerson brings 30 years of experience at Rocket as well as a deep understanding of the housing and financial technology industries.

He served as Chief Executive Officer of Rocket Mortgage from 2002 through 2017 and has served as Vice Chairman of Rock Holdings, the majority shareholder of Rocket Companies and former parent of Rocket Mortgage, since 2017. Under his leadership at Rocket Mortgage, the company became the second retail mortgage lender in America, broke numerous company records for mortgage volume and earned an array of esteemed industry awards for client satisfaction. In addition to his tenure at Rocket Mortgage, Emerson has served as the Chairman of the national Mortgage Bankers Association and testified before Congress several times on policies to help expand access to home financing.

Emerson currently serves as a board member of the Housing Policy Council (HPC) and the HPC Executive Council.