Go Daddy Group Inc., the website registration and hosting company owned by investment firms including KKR & Co. (KKR:US), said Chief Executive Officer Warren Adelman will step down from that role.
Scott Wagner, an executive in KKR’s Capstone consulting group, will act as interim CEO, Scottsdale, Arizona-based Go Daddy said today in a statement. Adelman will be special adviser for strategy and global policy.
KKR, along with Silver Lake and Technology Crossover Ventures, bought Go Daddy last year in a deal that valued the Internet company at about $2.25 billion. Go Daddy had $1.1 billion in sales last year, according to today’s statement.
Wagner has worked with Go Daddy during the past year through KKR Capstone, the unit of New York-based KKR that advises companies on how they can improve their operations. He joined KKR Capstone in 2000 and has worked with such companies as Nielsen Holdings NV (NLSN:US) and First Data Corp., according to KKR’s website.
To contact the reporter on this story: Jason Kelly in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Christian Baumgaertel at email@example.com