• CEO Kofi Bonner to retire at the end of the year after a successful run leading Bedrock for five years.

• Jared Fleisher, Vice President of ROCK, to join Bedrock immediately as President and transition to CEO.

DETROIT [August 1, 2025] – Bedrock, a real estate development company focused on comprehensive city-building initiatives in Detroit and Cleveland, today announced that after five years as CEO, Kofi Bonner will be retiring from the company at the end of 2025. Bonner joined Bedrock as CEO in August 2020, steering the company through a critical time in its history.

Jared Fleisher will be joining Bedrock, effective immediately, as President and will transition to CEO upon Bonner’s departure. Fleisher was most recently Vice President of ROCK, the Gilbert’s Family Office, where his responsibilities included serving as senior advisor to Dan Gilbert on commercial real estate and economic development strategy. A trusted and accomplished leader, Fleisher first started working with Gilbert’s Family of Companies 15 years ago and has served in various senior roles for more than a decade.

“When Kofi arrived, we were in the midst of the COVID pandemic. Residents were staying home, the streets were empty, and the future was anything but certain,” said Dan Gilbert, Founder and Chairman of Bedrock. “Today, Detroit and Cleveland’s urban cores are models of revitalization. Detroit is consistently being ranked a top place to visit. Book Tower has been named one of the world’s most beautiful repurposed buildings. Hudson’s Detroit has redefined the skyline. Cleveland’s riverfront is actively being transformed. The list goes on. I will always be grateful to Kofi for what he has accomplished during his time at Bedrock.”

“It has been an honor to lead Bedrock through such an important time in its history,” said Bonner. “Bedrock is no ordinary real estate company. Rather, it is the embodiment of Dan Gilbert’s extraordinary commitment to uplift two great American cities. My goal in joining Bedrock was to usher the company through a period of great disruption and lay the foundation for its next frontiers—from the entertainment district at Cadillac Square, to the innovation district on the Gratiot Site, and of course, along the Detroit and Cleveland riverfronts. Because of the talent and dedication of Bedrock’s team members, we have accomplished more than I could have imagined. I could not be more confident in the future of this noble organization and the iconic cities that it serves.”

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About Bedrock 

Bedrock is an award-winning real estate developer focused on comprehensive city building initiatives in Detroit and Cleveland. Its work includes creating iconic cityscapes, rehabilitating historic properties and making space for the community—all with the philosophy of operating for more than profit.

Since 2011, Bedrock has invested and committed more than $7.5 billion to develop and restore more than 140 properties, totaling over 21 million square feet of office, retail, residential, hospitality, industrial, data centers and parking. In 2024, Bedrock was named one of the world’s Most Innovative Companies by Fast Company.

For additional information about Bedrock, please visit bedrockdetroit.com or connect with us on Facebook, Instagram, LinkedIn and X.