Detroit-based Quicken Loans has announced changes in its executive hierarchy.
CEO Bill Emerson is moving to the role of vice chairman of Rock Holdings, Quicken Loans’ parent company. He is being replaced as CEO by Jay Farner, who was previously president and chief marketing officer. Bob Walters, the company’s chief economist, will assume the roles of president and chief operating officer.
“For nearly all of Quicken Loans’ 31-year history, Bill, Jay and Bob have been at the forefront, driving our strategy and culture,” said Dan Gilbert, chairman and founder of Quicken Loans. “Their passion and absolute dedication to growing our team members has been instrumental in our company becoming the leader in technology, innovation and client service.”
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