Go Daddy CEO Steps Down
After eight months in the position, Go Daddy's Warren Adelman announced that he is stepping down as CEO.
"I have reached a juncture in my life when I would like to spend more time with my family," Adelman said in a press statement.
This move marks Go Daddy's second power shift in under a year: Adelman replaced controversial founder Bob Parsons as CEO last December. Adelman has spent ten years with the company, serving previously as president and COO, and he says he plans to remain with Go Daddy as a special advisor.
While the company searches for a permanent successor, Scott Wagner, an executive for Go Daddy investor KKR Capstone, will serve as the interim CEO. Wagner spent the last year working with the company on its international strategy after KKR, together with several other companies, invested $2.25 billion in the Go Daddy last June.
Go Daddy ruffled some feathers last year by supporting SOPA, but apparently the company's revenues didn't suffer: Go Daddy made $1.1 billion in sales and hit the 10 million user mark in 2011.
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