Bill Emerson will retire from his position as president of Rocket Companies effective Dec. 31, the parent organization of Rocket Mortgage disclosed in a regulatory filing Wednesday.

Emerson, who has been with the Detroit-based lender for more than three decades, will remain on the company’s board of directors, according to the Securities and Exchange Commission filing.

“Bill started with us 32 years ago as a mortgage banker, rose through key leadership roles, served as CEO from 2002 to 2017 and again as interim CEO in 2023, and then stepped into his current role,” the company said in a statement. “Bill is a champion of our culture and ISMs, helping shape the values that guide us.”

The statement also noted that Emerson led the hiring process for current CEO Varun Krishna, “ensuring a thoughtful, seamless transition,” and the company is “deeply grateful for his impact and the legacy he continues to build.”

In addition to his executive roles at Rocket, Emerson is on the board of several Detroit-area organizations, including the United Way for Southeastern Michigan and the Detroit Economic Club.

It’s been a newsworthy year for Rocket. In July, the company completed its $1.75 billion acquisition of real estate brokerage company Redfin. Rocket Companies is also buying loan service provider Mr. Cooper Group in a $9.4 billion deal that is expected to close during the fourth quarter of this year.