GoDaddy, the biggest domain registrar company’s CEO, Warren Adelmen today stepped down from the post after less than eight months on the job citing family reasons. Adelman had replaced the beleaguered elephant-killing former CEO, Bob Parsons, and Scott Wagner of KKR Capstone will succeed him as the interim CEO. Wagner had been a major GoDaddy investor.
“I am proud to have been part of a team that has built a terrific business. I’ve spent close to a decade with Go Daddy, and it has been an amazing and rewarding time in my life. As much as I have enjoyed my roles as CEO and formerly as President and Chief Operating Officer, I have reached a juncture in my life when I would like to spend more time with my family,” Adelman said in a release.
Wagner said, “I look forward to working with the innovative and long-tenured management team at Go Daddy. We will keep enhancing the ways we enable and empower small businesses to grow their online presence.”
The company is on a lookout for a permanent CEO as the company continues its efforts of more internationation expansion which they had started last year with heavy investment in India. The company recently reported $1.1 billion in sales and just managed to hit the 10 million user mark.
Source : TechCrunch