Angelo Vitale News Today

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Rocket Mortgage boss Jay Farner received a big compensation boost in his last full year as CEO of the lender's publicly-traded parent company. The annual report for Detroit-based Rocket Companies Inc. (NYSE: RKT), filed Wednesday evening with the U.S Securities and Exchange Commission, shows…

Total compensation for Jay Farner, who will retire from the company effective June 1, was $9.469 million in 2022, up from $1.603 million in 2021.

Jay Farner, who began Rocket Companies' transition from mortgage lender to fintech, is leaving. Here's what the new CEO will be inheriting.

RKT earnings call for the period ending September 30, 2022.

Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale.

Group announces replacements

CFO Julie Booth and General Counsel Angelo Vitale will remain with the Detroit-based company in advisory roles.

Julie Booth, the CFO of Rocket Companies Inc. (NYSE: RKT) will retire on Nov. 15, and General Counsel and Secretary Angelo Vitale retired Monday morning and is assuming an "of counsel" role.

The job changes at the company that includes Rocket Mortgage come during a downturn in the mortgage business, prompted by rising interest rates.