DETROIT — Bedrock, a real estate development company focused on comprehensive city-building initiatives in Detroit and Cleveland, announced 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.
In a release, officials called Fleisher 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,” Gilbert added. “I will always be grateful to Kofi for what he has accomplished during his time at Bedrock.”
Bonner said it was “an honor to lead Bedrock through such an important time in its history.”
“Bedrock is no ordinary real estate company,” Bonner said. “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,” he added. “I could not be more confident in the future of this noble organization and the iconic cities that it serves.”
