Rocket Companies Management
Management criteria checks 2/4
Rocket Companies' CEO is Varun Krishna, appointed in Sep 2023, has a tenure of 1.25 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$221.46M. The average tenure of the management team and the board of directors is 1.3 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 | 1.3yrs |
| CEO ownership | 0.05% |
| Management average tenure | 1.3yrs |
| 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 ($USD5.69M).
Compensation vs Earnings: Insufficient data to compare Varun's compensation with company performance.
CEO
Varun Krishna (41 yo)
1.3yrs
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 | 4.8yrs | no data | no data | |
| CEO & Director | 1.3yrs | US$3.45m | 0.049% MX$ 221.5m | |
| President & Director | 1.3yrs | US$6.82m | 0.19% MX$ 848.7m | |
| CFO & Treasurer | 2.1yrs | US$3.02m | 0.20% MX$ 881.7m | |
| Executive Legal Counsel & Secretary | 2.2yrs | US$2.35m | 0.036% MX$ 161.6m | |
| Chief Operating Officer | less than a year | no data | 0.37% MX$ 1.6b | |
| Chief Accounting Officer | less than a year | no data | 0.032% MX$ 144.0m | |
| Group Chief Technology Officer | less than a year | no data | 0.36% MX$ 1.6b | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | less than a year | no data | 0.35% MX$ 1.6b | |
| Chief Talent & DEI Officer | 2.9yrs | no data | no data | |
| Chief Business Officer | no data | no data | 0.39% MX$ 1.8b |
1.3yrs
Average Tenure
47.5yo
Average Age
Experienced Management: RKT *'s management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 4.8yrs | no data | no data | |
| CEO & Director | less than a year | US$3.45m | 0.049% MX$ 221.5m | |
| President & Director | 1.8yrs | US$6.82m | 0.19% MX$ 848.7m | |
| Independent Director | 4.1yrs | US$316.97k | 0.038% MX$ 170.6m | |
| Independent Director | 4.3yrs | US$313.22k | 0.074% MX$ 331.9m | |
| Independent Director | 4.3yrs | US$305.73k | 0.050% MX$ 223.8m | |
| Director | 4.8yrs | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Director | 4.8yrs | no data | 0.41% MX$ 1.8b |
4.3yrs
Average Tenure
62yo
Average Age
Experienced Board: RKT *'s board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 00:08 |
| End of Day Share Price | 2024/11/13 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rocket Companies, Inc. is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark DeVries | Barclays |
| Terry Ma | Barclays |
| Mark DeVries | Barclays |