Rocket Mortgage Promotes Heather Lovier To Chief Operating Officer and Appoints Varun Krishna As CEO
Jun 27, 2024•about 1 year ago
Position
Chief Executive Officer
Company
Rocket Mortgage
Description
Rocket Mortgage announced the promotion of Heather Lovier to the role of Chief Operating Officer following the retirement of former CEO Jay Farner and former President Tim Birkemeier. In addition, Varun Krishna was appointed as the new CEO. The company is prioritizing technological advancements, particularly in artificial intelligence, to enhance its mortgage lending process.
Executive Insights
Based on hiring dataNew executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months