|By Business Wire||
|June 9, 2014 04:48 PM EDT||
GoDaddy Founder Bob Parsons has resigned his position as Executive Chairman of the Board in order to devote more time to his ventures outside of GoDaddy. Mr. Parsons will continue to serve on the board of directors. A new chairman will be named over the coming months. GoDaddy is a leading technology provider to small businesses, Web design professionals and individuals around the world.
"Bob’s vision and uncommon approach has created a great company, and a loyal customer base. Bob built GoDaddy into the world’s largest domain name and Web hosting provider, and his contribution to GoDaddy, and our industry in general, is immeasurable," said GoDaddy CEO Blake Irving. "As a board member and principal shareholder, Bob will continue to play an important role as we define the next chapter for GoDaddy.”
“Blake and his team have chartered an awesome course for the company,” said Parsons. “They’ve got a true passion for our customers and a vision for how we translate that into products and services to help organizations of all types and sizes succeed. I look forward to focusing on my new ventures, while continuing to guide the strategic direction of GoDaddy in my role as a board member.”
Since stepping down as GoDaddy CEO in 2011, Parsons has focused his entrepreneurial passion on a new venture – YAM Worldwide – which has grown to 350 employees, $160 million in annual revenues, and has holdings in power sports, golf, real estate and marketing. Most notably, in 2012, Parsons and his wife Renee established The Bob & Renee Parsons Foundation, which has awarded more than $46 million in critical funds to charitable organizations to date, including the Semper Fi Fund, which provides immediate financial assistance and lifetime support for wounded, critically-ill and injured members of the U.S. Armed Forces and their families. In December 2013, Bob and Renee Parsons joined the Giving Pledge, an initiative started by Bill and Melinda Gates, and pledged to give away at least half of their wealth to philanthropic causes.
GoDaddy is the world's largest domain name and Web hosting provider, powering our customers with a world-class technology platform. To learn more about the company, visit www.GoDaddy.com.
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