Executive Bios and Directory
Dan Gilbert is the Chairman of Rock Ventures LLC, the umbrella entity for his investments and real estate, and Founder and Chairman of Quicken Loans Inc., the nation’s largest online home lender and third largest retail lender in the United States. In 2012, Quicken Loans closed more than $70 billion in home loan volume, a 133 percent increase over the $30 billion previous record set in 2011.
Dan is also majority owner of the NBA’s Cleveland Cavaliers, the NBA Development League’s Canton (Ohio) Charge, the Arena Football League’s (AFL) Cleveland Gladiators, and the American Hockey League’s (AHL) Lake Erie Monsters, as well as the operator of the Quicken Loans Arena (“The Q”) in Cleveland, Ohio.
Detroit-based Quicken Loans employs nearly 10,000 people nationally and earned the highest ratings for customer satisfaction among all U.S. home loan lenders in a study by J.D. Power and Associates in 2010, 2011 and 2012. Quicken Loans ranked in the Top-10 of FORTUNE magazine’s ‘100 Best Companies to Work For’ in 2012, and has placed among the Top-30 companies on FORTUNE’s list for the past 10 years. The company has been recognized as one of Computerworld magazine’s ’100 Best Places to Work in IT’ the past nine years, ranking No. 1 in 2005, 2006, 2007 and 2013. Quicken Loans was awarded the nation’s best employer in Workplace Dynamics’ 2013 National Top Workplace list. The benchmark study of more than 870 companies based its rankings solely on feedback gathered through an employee survey.
In less than three years, Quicken Loans moved its headquarters and more than 8,000 of its team members to downtown Detroit, where Dan and the company are helping lead a revitalization of the city’s urban core.
Dan founded Rock Financial in 1985. The company grew into one of the largest independent mortgage lenders in the country and, in the late 1990s, launched its Internet strategy and quickly positioned itself as the fastest growing direct mortgage lender on the Internet. In 2000, software maker Intuit purchased Rock Financial and the company was renamed “Quicken Loans.” Dan stayed on as CEO, leading the company as it became the nation’s largest online home lender. QuickenLoans.com has gone on to earn “Best of the Web” accolades from Forbes, Money and PC Magazine.
In 2002, Dan led a group and purchased Quicken Loans and its affiliated national title company, Title Source, Inc., back from Intuit.
Dan became majority owner of the Cleveland Cavaliers in 2005 and undertook a complete overhaul of the entire organization. Shortly after, the Cavaliers won the 2007 Eastern Conference Championship, advancing to the NBA Finals for the first time in the team’s 37-year history. The team finished the 2008-2009 regular season with a franchise record and NBA-best 66 wins, and followed that in 2009-2010 with another NBA-best 61-win regular season.
Dan is a founding partner of Detroit-based private equity group Rockbridge Growth Equity LLC. The partnership invests in growing businesses in the financial services, Internet technology, consumer-direct marketing, and the sports and entertainment industries. Some of Rockbridge’s investments include:
- Northcentral University, a premier online educational institution;
- Protect America, a leading home security company;
- One on One Marketing, a premier educational institution sales lead provider;
- Connect America, a direct-to-consumer provider of personal emergency response systems;
- Purchasing Power, a niche e-commerce business that allows clients’ employees a way to purchase products through payroll deduction;
- Triad Retail Media, an online retail advertising company.
In addition, Dan is a Principal of Detroit Venture Partners (DVP), a venture capital firm that funds start-up and early-stage technology companies in Detroit.
Dan is also a significant shareholder and is involved in the operation of several consumer-based, technology-centered businesses, including:
- Fathead, the leader in sports and entertainment graphics;
- Veritix, a provider of paperless ticketing;
- Xenith, a developer of helmet technology that reduces brain injuries;
- StyleCaster, a community for all things fashion, beauty and music.
Dan and a group of partners successfully backed a state-wide referendum to bring casino gaming to Ohio’s four largest cities in November 2009. Rock Gaming LLC, with joint venture partner Caesars Entertainment, has developed unique urban casinos under the Horseshoe brand in Cleveland, which opened in May 2012, and Cincinnati, which opened in March 2013. The companies are also developing an urban casino in downtown Baltimore, expected to open in 2014. The developments have been designed to engage, promote and encourage gaming patrons to visit and support existing cultural, nightlife and sports attractions in the downtown areas where they are located.
Dan is also the Director of Rock Gaming’s affiliate, Athens Acquisition LLC, which acquired a majority interest in Detroit’s Greektown Casino-Hotel in April 2013.
Dan launched Bizdom in 2007. The non-profit entrepreneurial academy trains, mentors and finances business builders in their start-up enterprises in the city of Detroit. Bizdom’s mission is to create successful businesses, jobs, growth and wealth in large urban centers. Bizdom launched a second location, in downtown Cleveland, in 2011.
Dan serves on the boards of the Cleveland Clinic, the Washington D.C.-based Children’s National Medical Center (CNMC), and the Children’s Tumor Foundation (CTF). Dan also serves as Vice Chairman of the non-profit M-1 RAIL initiative, improving downtown and midtown Detroit’s transportation infrastructure with a 6.6 mile light rail system designed to help spur economic development.
Dan earned his bachelor’s degree from Michigan State University and his law degree from Wayne State University.
CEO Rock Companies
Vice Chairman Cleveland Cavaliers
Principal Rock Gaming LLC
Jeff Cohen is CEO and Founder of the Rock Companies, which includes the following family of companies: Rock Construction Company, Inc., Rock Equities LLC and Rock Management LLC. Rock Construction is a builder and developer that was founded in 1991 and has principal offices in Detroit, Michigan. With its affiliates, the company has developed, built and managed numerous commercial and residential projects including offices, custom homes, condominiums, apartment communities and arenas. Rock Construction is a licensed Michigan residential builder, a member of the Michigan Association of Home Builders, and licensed Michigan real estate broker.
Rock Equities was formed in 2001 as a vehicle for pursuing real estate investment opportunities. Its holdings have included properties in Florida, Michigan, Missouri, North Carolina, and Ohio. Rock Equities has over $1 billion in transactions since its inception.
Rock Management is a property management company that manages many of the Rock Companies’ holdings, particularly its properties in Southeastern Michigan, Metropolitan Orlando, North Carolina, and Southeast Ohio. Rock Management currently manages over 2,000 residential units, Quicken Loans Arena (The “Q”) and the Cleveland Clinic Courts.
In June 2002, Jeff was part of a small group of investors that purchased Quicken Loans Inc. (which today consists of Quicken Loans, Rock Financial and Title Source) from Intuit Inc. Quicken Loans closed a record $70 billion in home loans in 2012. Detroit based Quicken Loans employs more than 9,000 people nationally and earned the highest ratings for customer satisfaction among all U.S. home loan lenders in a study by J.D. Power and Associates in 2010, 2011 and 2012.
In 2005, Jeff was part of an investor group that acquired the Cleveland Cavaliers basketball club of the National Basketball Association, becoming its vice chairman in 2009. In addition, he is a Minority Owner in the NBA Development League’s Canton Charge, the American Hockey League’s Lake Erie Monsters, and Fathead, the leader in sports and entertainment graphics.
Jeff is a principal of Rock Gaming LLC, a Midwest-based gaming partnership formed to bring first-class casino gaming to Ohio. Through a partnership with Caesars Entertainment, the group has developed unique urban casinos under the Horseshoe brand in Cleveland and Cincinnati. The companies are also developing an urban casino in downtown Baltimore, which is expected to open in 2014. The casino developments are designed to create thousands of jobs while increasing tourism and sparking additional investment in urban cores.
Rock Gaming and Caesars Entertainment also co-own Cleveland-area thoroughbred racetrack Thistledown, which opened as a racino in April 2013, as well as Turfway Park, a thoroughbred horseracing track located in northern Kentucky. Jeff serves on the Rock Ohio Caesars Board of Directors. Rock Gaming is also an investor in Caesars Interactive Entertainment Inc., a Montreal-based online, mobile and social gaming subsidiary of Caesars Entertainment.
Jeff is a principal of Rock Gaming’s affiliate, Athens Acquisition LLC, which acquired a majority interest in Detroit’s Greektown Casino-Hotel in April of 2013. Jeff also serves on the Board of Directors.
Jeff is the former President of JARC Properties—a non-profit organization providing housing and services to the developmentally disabled—and has served on the Board of the Jewish Federation of Metropolitan Detroit. He has also been active in the Juvenile Diabetes Foundation as well as various other charitable organizations.
He earned a bachelor’s degree in science from Wayne State University in Detroit.
Nate Forbes, Managing Partner
The Forbes Company, Southfield, Michigan
Cleveland Cavaliers, Vice Chairman
Nathan Forbes is the managing partner of The Forbes Company, a nationally recognized developer, owner and manager of luxury shopping destinations throughout Michigan and Florida. These landmark retail properties include the highly acclaimed Somerset Collection in Troy, Michigan, The Mall at Millenia in Orlando, The Gardens Mall in Palm Beach Gardens, and Waterside Shops in Naples.
In June 2002, Forbes was part of a small group of investors that purchased Quicken Loans (which today consists of Quicken Loans, Rock Financial and Title Source) from Intuit Inc.
In 2005, Forbes was part of an investor group that acquired the Cleveland Cavaliers basketball club of the National Basketball Association. The group has renovated the newly named “Quicken Loans Arena”, (known as “The Q”) including new seats, state-of-the-art scoreboards, video systems, sound systems, arena graphics, signage, security, locker room, suite upgrades, as well as the new state-of-the-art 55,000 square foot Cavalier Practice Facility named Cleveland Clinic Courts.
In 2006, Forbes was part of an investor group that acquired and currently operates Fathead LLC, which licenses and sells life size colorful wall graphics.
In November 2009, Forbes was part of a group that successfully backed a state constitutional amendment bringing casino gaming to Ohio. Rock Gaming owns and operates casinos in the downtowns of Cleveland, Cincinnati, and Detroit and one currently under construction in Baltimore, Maryland. Rock Gaming also owns and operates Thistledown Racino Racetrack in Cleveland, Ohio.
Forbes earned a Bachelor of Arts degree from the University of Michigan, and serves as its Chair on the Greater Detroit Campaign Leadership Council for the Victors for Michigan Campaign. Forbes and the company’s respective properties are actively involved in numerous charitable endeavors and organizations. He serves on the Board of Directors of the acclaimed Karmanos Cancer Institute, a world-renowned cancer center that is committed to the highest standard of research, patient care, and education. As well, Forbes is honored to serve on the College for Creative Studies Board of Trustees.
Forbes is a member of the International Council of Shopping Centers and the Young Presidents’ Organization. He has also been recognized for his leadership in the Detroit area by receiving an honor of recognition as Detroit Newsmaker of The Year finalist.
Acting General Manager
David Griffin joined the Cavaliers as vice president of basketball operations in September 2010.Prior to joining the Cavaliers, Griffin spent 17 seasons with the Suns, the last three as the club’s senior vice president of basketball operations after being named to the position in June 2007
After originally joining the Suns basketball communications department in 1993 as an intern, Griffin has seen his responsibilities steadily grow due to his passion, work ethic and analytical expertise.
After aiding the club’s media relations efforts for four seasons, Griffin moved to the basketball operations side in 1997, where he began with draft and free agency information, video preparation, scouting reports and statistical analysis. Prior to his current assignment, Griffin held the titles of assistant general manager of player personnel, director of player personnel, assistant director of player personnel and basketball operations assistant with the Suns.
Additionally, he has served as tournament director for the NIKE Desert Classic pre-draft camp and was an assistant coach at Scottsdale Community College where he led the recruiting of five players that played Division I. He was also part of the basketball press information team at the 1996 Olympic Games in Atlanta.
The Phoenix native graduated from Arizona State in 1995 with a degree in political science. He and his wife, Meredith, reside on the east side of Cleveland.
CEO, Cavaliers/Quicken Loans Arena
Governor, Lake Erie Monsters
Len Komoroski is Chief Executive Officer of the Cleveland Cavaliers and Quicken Loans Arena organization. The organization includes the Lake Erie Monsters (AHL), Cleveland Gladiators (AFL), and Canton Charge (NBADL). In addition, he oversees all business operations and business-related endeavors for Cavs majority owner Dan Gilbert’s family of sports and entertainment interests in Ohio. He is also a principal in Rock Gaming, which operates Horseshoe Casino Cleveland.
With more than 30 years of experience in pro sports and entertainment, Komoroski’s leadership has helped set a solid business foundation from which the Cleveland Cavaliers, Lake Erie Monsters, Cleveland Gladiators, Canton Charge and Quicken Loans Arena have flourished into one of the most successfully operated sports and entertainment organizations in the country.
Komoroski joined the Cavaliers organization in 2003 as president. In his first year he restructured and transformed how the Cavaliers approached the business community; assembled a team of top sports marketing pros; transformed the organization’s communications efforts; and oversaw the development of one of the most dynamic game experiences in the NBA. Other accomplishments at the helm of the Cavaliers business operations include playing pivotal roles in developing one of the top cable television relationships in the NBA with Fox Sports Ohio, as well as securing the entitlement of the Cavaliers new state-of-the-art player development center - Cleveland Clinic Courts.
The Cavaliers franchise has been repeatedly recognized within the pro sports team industry (NBA, NFL, NHL, MLB and MLS) as one of five finalists for Sports Business Journal’s prestigious “Sports Team of the Year” award in recent years. The award recognizes excellence, creativity and innovation in franchise business operations.
As one of the seven Principles of Rock Gaming, Komoroski played an instrumental role in bringing first-class, full-service casino gaming to downtown Cleveland and Cincinnati along with thousands of jobs and millions of dollars of positive economic impact for local and statewide communities. Very active as a community and civic leader, he serves on the board of directors of the Greater Cleveland Partnership, the Downtown Cleveland Alliance, the Cleveland International Fund, the Cleveland State University Foundation, and the Cleveland chapters of the American Red Cross and United Way. He is also Chairman of the Board for Positively Cleveland, Cleveland’s convention and visitor’s bureau. Komoroski was also named Sales and Marketing Executives of Cleveland’s (SME) 2013 Business Executive of the Year.
Prior to joining the Cavaliers organization, Komoroski was the Senior Vice President and Chief of Business Operations with the NFL’s Philadelphia Eagles (1996-2003). There, he played a pivotal role in the Eagles’ growth and business success, which included bringing the Eagles Television Network in-house and helping to broker the record-setting, multi-million dollar naming rights deal for the Eagles training facility, the NovaCare Complex; development of Lincoln Financial Field, the Eagles state-of-the-art stadium and secured a 20-year, $140 million naming rights agreement with Lincoln Financial Group which, at the time, was one of the largest such agreements in pro sports history.
Prior to the Eagles, Komoroski was the Senior Vice President and COO of the International Hockey League’s (IHL) Cleveland Lumberjacks (1994-96). The team was one of three profitable IHL teams in 1996. His first stint in the NBA was with Minnesota Timberwolves as Vice President of Sales (1988-1994), there he played a major role in the start-up of the team and its arena, the Target Center.
Komoroski is a 1982 cum laude graduate of Duquesne University. He and his wife Denise have three daughters – Kristin, Kelly, Jamie and a son, Zachary.
President of Business Operations
Kerry Bubolz is a seasoned sports marketing executive with more than 20 years of experience in the industry and is now entering his 11th season with the Cavaliers and Quicken Loans Arena organization As executive vice president for the Cavaliers and Quicken Loans Arena (“The Q”), he oversees all corporate sales and service, broadcasting, facility operations and minor league operations for the Cavaliers and The Q. As president of the Lake Erie Monsters, he oversees all business aspects of the team’s operation and serves as the franchise’s liaison with the Monster’s NHL affiliate, the Colorado Avalanche. He is a member of the AHL’s Board of Governors, where he sits on the Team Business Services Committee. Locally, Kerry is a member of the Executive Committee for the Shoes and Clothes for Kids program.
Kerry played a leadership role in the Cavaliers’ acquisition of an NBA Development League franchise and the launch of the new franchise in Canton, Ohio. The Canton Charge began play in the 2011-12 season and at the time was just the fifth in the league to be exclusively owned and operated by an NBA team.
Most recently, Kerry was instrumental in the purchase of the Arena Football League’s Cleveland Gladiators in 2012. Previously a tenant of The Q, Kerry led the Cavaliers organization in assuming ownership of the team prior to the start of the 2012 AFL season.
Prior to coming to the Cavaliers, Quicken Loans Arena and the Lake Erie Monsters, Kerry served as the vice president of sales for both the Carolina Hurricanes and Southwest Sports Group, which includes the Dallas Stars of the National Hockey League. Prior to his roles in Carolina and Dallas, Kerry worked in professional hockey in Northeast Ohio, serving in many roles with the Cleveland Lumberjacks of the International Hockey League during his six years with the team. His roles included president, chief operating officer from 1997 to 2000 and senior vice president of business operations from 1996 to 1997.
Prior to his role as president of the Cleveland Lumberjacks, Kerry spent five years in a variety of roles in minor league sports, including general manager of the Wichita Falls Texans of the Continental Basketball Association, assistant general manager of the Quad City River Bandits of the Midwest Baseball League and administrative assistant for the Tulsa Drillers of the Texas Baseball League.
Kerry is a graduate of Oklahoma State University. He graduated in 1989 with a degree in business. He resides in Avon Lake, Ohio, with his wife Melissa and daughters Madison and Emma.