July 30 (Bloomberg) -- Go Daddy Group Inc., the website registration and hosting company owned by investment firms including KKR & Co., 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 and First Data Corp., according to KKR’s website.
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