'Rocket Cos. Taps Former Thomson Reuters Exec To Lead Companywide AI Efforts; Shawn Malhotra Will Step Into A Newly Created CTO Role Overseeing AI And Tech Across Rocket's Portfolio, CEO Varun Krishna Said' - WSJ
Portfolio Pulse from Benzinga Newsdesk
Rocket Cos. has appointed Shawn Malhotra, a former Thomson Reuters executive, as its new Chief Technology Officer (CTO) to lead its companywide artificial intelligence (AI) efforts. This strategic move aims to unify and accelerate Rocket's AI initiatives across its portfolio, including Rocket Mortgage, Rocket Homes, and Rocket Money. Malhotra's role will focus on data science, product engineering, technology operations, and information security, with a primary emphasis on AI to enhance the home-buying experience. The appointment follows the departure of Rocket Mortgage's CIO, Brian Woodring, and is part of Rocket's broader strategy to integrate technology into its core operations.
May 06, 2024 | 5:03 pm
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Shawn Malhotra's appointment as CTO to lead AI efforts at Rocket Cos. signifies a strategic push towards leveraging AI to enhance the home-buying process, potentially improving operational efficiency and customer experience.
Malhotra's extensive experience in AI and technology, combined with Rocket Cos.'s focus on AI for improving the home-buying experience, suggests a positive outlook for operational efficiencies and market differentiation. This strategic hire, following the departure of the CIO, indicates a strong commitment to technology integration, which could lead to enhanced customer experiences and potentially improved financial performance.
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