Rocket Companies Management
Management criteria checks 2/4
Rocket Companies' CEO is Varun Krishna, appointed in Sep 2023, has a tenure of 1.17 years. total yearly compensation is $3.45M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.049% of the company’s shares, worth MX$266.71M. The average tenure of the management team and the board of directors is 1.2 years and 4.3 years respectively.
Key information
Varun Krishna
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 1.2yrs |
| CEO ownership | 0.05% |
| Management average tenure | 1.2yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$15m |
| Jun 30 2024 | n/a | n/a | US$13m |
| Mar 31 2024 | n/a | n/a | US$19m |
| Dec 31 2023 | US$3m | US$404k | -US$16m |
Compensation vs Market: Varun's total compensation ($USD3.45M) is below average for companies of similar size in the MX market ($USD5.78M).
Compensation vs Earnings: Insufficient data to compare Varun's compensation with company performance.
CEO
Varun Krishna (41 yo)
1.2yrs
Tenure
US$3,445,914
Compensation
Mr. Varun Krishna serves as Chief Executive Officer of Rocket Companies, Inc. since September 05, 2023 & serves as its Director since December 21, 2023. He serves as Chief Executive Officer of Rocket Mortg...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 4.7yrs | no data | no data | |
| CEO & Director | 1.2yrs | US$3.45m | 0.049% MX$ 266.7m | |
| President & Director | 1.2yrs | US$6.82m | 0.19% MX$ 1.0b | |
| CFO & Treasurer | 2yrs | US$3.02m | 0.20% MX$ 1.1b | |
| Executive Legal Counsel & Secretary | 2.1yrs | US$2.35m | 0.036% MX$ 194.7m | |
| Chief Operating Officer | less than a year | no data | 0.37% MX$ 2.0b | |
| Chief Accounting Officer | less than a year | no data | 0.032% MX$ 173.5m | |
| Group Chief Technology Officer | less than a year | no data | 0.36% MX$ 2.0b | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | less than a year | no data | 0.35% MX$ 1.9b | |
| Chief Diversity Officer | 2.8yrs | no data | no data | |
| Chief Business Officer | no data | no data | 0.39% MX$ 2.1b |
1.2yrs
Average Tenure
47.5yo
Average Age
Experienced Management: RKT *'s management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 4.7yrs | no data | no data | |
| CEO & Director | less than a year | US$3.45m | 0.049% MX$ 266.7m | |
| President & Director | 1.8yrs | US$6.82m | 0.19% MX$ 1.0b | |
| Independent Director | 4yrs | US$316.97k | 0.038% MX$ 205.4m | |
| Independent Director | 4.3yrs | US$313.22k | 0.074% MX$ 399.7m | |
| Independent Director | 4.3yrs | US$305.73k | 0.050% MX$ 269.6m | |
| Director | 4.7yrs | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Director | 4.7yrs | no data | 0.41% MX$ 2.2b |
4.3yrs
Average Tenure
62yo
Average Age
Experienced Board: RKT *'s board of directors are considered experienced (4.3 years average tenure).