(Ping! Zine Web Tech Magazine) – A leadership transition is in the works for web host Go Daddy. On Monday, the company announced that CEO Warren Adelman would step down to assume a “Special Advisor” position.
Warren, who had been named CEO last year shortly following an acquisition of the web host by two private equity firms cited spending more time with his family as the reason for the departure.
Familiar territory comes into play for the meantime. KKR Capstone executive Scott Wagner will assume the CEO position on an interim basis.
Despite moving to a smaller, less publicized position, Adelman reaffirmed his support for the web host. “I am committed to Go Daddy, one of the world’s most dynamic and innovative Internet brands. I am excited to continue with Go Daddy as a Special Advisor, a role that both allows me to continue to work with some great people and is also critical to our growth,” Adelman commented.
Go Daddy Founder Bob Parsons referred to Adelman as “instrumental in the spectacular growth of Go Daddy over the past nine years.”
The recent past had provided good news for the industry’s top domain registrar. According to Go Daddy, in 2011 alone, the company brought in $1.1 billion dollars in sales, an impressive feat. Just earlier this month, the web host announced that it was buying Outright, a management application company.