Rocket Companies Welcomes Jonathan Mariner to Board of Directors

Rhea-AI Summary

Rocket Companies (NYSE: RKT) announces the appointment of Jonathan Mariner to its Board of Directors and as chairperson of the Audit Committee. Mariner, with extensive experience as CFO for Major League Baseball teams and a background in finance, aims to enhance the company's strategic direction. His appointment comes during a period of success, with Rocket Mortgage achieving a record $89 billion in closed loan volume for Q3 2020, contributing to a net income of $6.6 billion year-to-date.

Positive

• Jonathan Mariner brings extensive financial expertise and leadership experience, potentially enhancing the company's strategic direction.
• Rocket Mortgage achieved a record $89 billion in closed loan volume for Q3 2020.

Negative

• Concerns about the continuity of leadership experience with the new board appointment.

DETROIT, Nov. 11, 2020 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – announced the appointment of Jonathan Mariner, Founder and President of TaxDay, LLC, a private software firm which helps people track their multi-state travel, to its Board of Directors and as chairperson for the board's Audit Committee.

Mariner, whose appointment began last week, brings decades of expertise to the board, stemming from his time serving as the Chief Financial Officer (CFO) and Chief Investment Officer for Major League Baseball, as well as his tenure as CFO of the Florida Marlins, the Florida Panthers and Dolphins Stadium.

"Jonathan has an incredible track record of driving great results for the businesses and teams he has led," said Jay Farner, Chief Executive Officer of Rocket Companies. "We look forward to leveraging his experience and guidance to build on the momentum of our longstanding success."

In addition to his leadership positions, Mariner has an extensive background serving as an independent board member for many successful enterprises including Tyson Foods, Inc. and McGraw Hill Education. He is also a Senior Adviser to Overtime Sports, a new sports broadcasting network focused on young, digital-native sports fans. Mariner earned his Bachelor of Science degree in accounting from the University of Virginia and an MBA from the Harvard Business School.

"Serving on the Board of Rocket Companies is a great honor," said Mariner. "I look forward to collaborating with my fellow Directors and bringing my background and perspective to help impact the outcome."

Mariner is joining the Board during a time of great success. Rocket Companies recently announced record-breaking third quarter earnings. It has generated $6.6 billion of net income through the first three quarters of 2020. In the third quarter alone, its subsidiary Rocket Mortgage originated $89.0 billion in closed loan volume – a record for the 35-year-old company.

About Rocket Companies

Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. Rocket Companies offers an industry-leading client experience powered by our simple, fast, and trusted digital solutions. Rocket Companies has 22,000 team members across the United States and Canada. Its flagship company, Rocket Mortgage, has been named to Fortune magazine's list of "100 Best Companies to Work For" for 17 consecutive years.

Contact: Strati Moustakeas, StratiMoustakeas@rockcentraldetroit.com, (313) 912-7351

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SOURCE Rocket Companies, Inc.

FAQ

Who is Jonathan Mariner and what is his role at Rocket Companies?

Jonathan Mariner is the newly appointed member of the Board of Directors and chairperson of the Audit Committee at Rocket Companies.

What financial achievements did Rocket Companies report recently?

Rocket Companies reported a record $89 billion in closed loan volume for Q3 2020 and a net income of $6.6 billion year-to-date.

When did Jonathan Mariner's appointment to the Board of Directors take effect?

Jonathan Mariner's appointment began last week before the announcement dated Nov. 11, 2020.

What previous positions has Jonathan Mariner held?

Jonathan Mariner has served as CFO for Major League Baseball and various sports teams, in addition to positions at several successful enterprises.

How does Jonathan Mariner's appointment impact Rocket Companies?

His extensive financial background may provide valuable insights and strategic guidance during a successful period for Rocket Companies.