Warren Adelman, of Go Daddy is set to step down from the post of chief executive and will take over as a special advisor for strategy and global policy. Scott Wagner, an executive from KKR & Co. is likely to take charge as an interim chief executive while the board is on lookout for a permanent successor to Warren Adelman.
For past one year, Mr. Wagner has been involved in building an international strategy for Go Daddy, a closely held firm that registers Internet domain names.
“I’ve spent close to a decade with Go Daddy, and it has been an amazing and rewarding time in my life, Mr. Adelman said.”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.”
It was last year when Go Daddy’s was going through serious losses, it was was bought by deal equity firms KKR, Silver Lake Partners and Technology Crossover Ventures for $2.25 billion.
Go Daddy is a brainchild of Bob Parsons, who is the executive chairman of the company. The firm is known for its whacky advertising, of which Super Bowl commercials and ads featuring different “Go Daddy Girls” including race car driver Danica Patrick have gained immense popularity.… Read the rest