GoDaddy Hires Former Yahoo! Executive Blake Irving As CEO

Posted Dec 11, 2012

GoDaddy is the world’s largest web hosting and domain name registration company.  Back in July, CEO Warren Adelman stepped down.  Adelman is now being replaced by former Yahoo! Chief Product Officer and Microsoft executive Blake Irving as the CEO.  Irving will start the new job on January 7th.  He will also join the company’s board of directors.  After Adelman, Scott Wagner of Kohlberg Kravis Roberts (KKR) served as the interim CEO at GoDaddy.  Adelman was CEO of GoDaddy for only 8 months.

KKR is a major investor in GoDaddy and so is Silver Lake.  KKR, Silver Lake, and Technology Crossover Ventures bought a major stake in GoDaddy for $2.3 billion in a leveraged buyout last year.  GoDaddy executive chairman and founder Bob Parsons still holds a large percentage in the company.  GoDaddy hit $1.3 billion in 2012 revenues and they sell multiple services to their 11 million small business customers.  They manage 54 million domain names and hosts over 5 million accounts.

?Go Daddy is an on-ramp for small business and I view it has a platform at tremendous scale for them,? stated Irving.  Irving has 45 domain names registered at GoDaddy himself. ?There is a real vision here at further combining all these capabilities and opportunities here in the U.S. and internationally.?

[Source: AllThingsD]