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2012 Impact Stories: changing of the guard at Go Daddy

Major changes at the top of the world’s largest domain name registrar.

In late 2011 Go Daddy closed on an investment from KKR, Silver Lake, and Technology Crossover Ventures.

We all knew changes would result, but how they manifested themselves in the C-suite was a big story this year.

When the investment closed last year, Go Daddy founder Bob Parsons stepped down from the CEO position and tapped longtime Go Daddy president Warren Adelman to fill his shoes.

The first big executive change under Adelman’s leadership was the departure of general counsel Christine Jones.

It was the next person to go that was a big shocker: Adelman himself.

He announced his departure after just seven months as CEO.

Adelman was replaced by Scott Wagner, a member of KKR’s portfolio operations team, on an interim basis.

Last week Go Daddy announced it has found its new CEO — former Yahoo! Chief Product Officer Blake Irving.

It recently named two more senior executives, which means a transition is in full effect.

It all points to a 2013 where a PE-backed Go Daddy goes long on acquisitions, product line expansion, and international growth.

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  1. mansour says

    KKR, Silver Lake is to a major surprise godaddy is been running on empty for many years the Grosse income means nothing, how much profit they are achieving I wonder!!!

  2. Jason says

    I’ve seen companies both wildly flourish and fail by epic proportions when PE/Hedge Funds or even traditional M&A leadership changes occur.

    Dotster.com went through it…
    Moniker went through it…

    Google/Doubleclick = success
    Microsoft/anyone = epic fail
    AOL/Time Warner = epic fail

    Time will tell.

    If they happen to wreck the company’s traditional standards and execution, who honestly has the budget and expertise to pose a serious threat? Web.com? Most likely nobody to be honest…

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