- Push-out Score suggests push-out forces
- After five years on the job
- Praise and thanks for Irving
- Scott Wagner taking over
- Irving spoke at length and said 101 words
(exechange) — Scottsdale, Arizona, August 22, 2017 — Blake Irving, chief executive of GoDaddy, leaves. His departure is made public at an early stage. As announced by GoDaddy Inc. in a news release and in a regulatory filing published on Tuesday, August 22, 2017, Blake J. Irving leaves the post as Chief Executive Officer at the web hosting company in a surprising move after five years on the job, effective December 31, 2017.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past twelve months was 8.8 years, according to data compiled by exechange.
Irving’s duties are taken over by Scott Wagner, currently President and Chief Operating Officer at GoDaddy Inc.
“It’s time to retire and begin the next phase of my life”
The management change is explained as follows. Blake Irving said: “I’ve decided it’s time to retire and begin the next phase of my life.”
Precise information about the future plans of Irving was not immediately available.
GoDaddy said: “GoDaddy Inc. …, the world’s largest cloud platform dedicated to small, independent ventures, today announced Blake Irving’s retirement from the role of CEO, effective December 31, 2017.”
Share price rise since February 2016
The change follows a rise in the share price of GoDaddy Inc. since February 2016.
Silver Lake holds 18.75 percent stake
Silver Lake Group, LLC reported an 18.75 percent stake in GoDaddy Inc. as of June 29, 2017. Silver Lake is a private equity firm.
Chaired by Charles J. Robel
GoDaddy Inc. is chaired by Charles J. Robel.
On the job as CEO since 2013
Blake J. Irving has served as the Company’s Chief Executive Officer since January 2013, as a member of the Company’s Board since its formation in May 2014 and as a member of the board of directors of Desert Newco LLC, or Desert Newco, since January 2013.
Prior to joining the Company, he served as Chief Product Officer at Yahoo! Inc. from May 2010 to April 2012.
From January 2009 to May 2010, Irving was a Professor in the M.B.A. program at Pepperdine University.
From September 2007 to January 2009, he served as Chief Executive Officer and President of Balance Point Enterprises Inc., a real estate investment company.
From 1992 to September 2007, Irving served in various senior and management roles at Microsoft Corporation, including most recently as Corporate Vice President of the Windows Live Platform Group.
Irving holds a B.A. degree in Fine Arts from San Diego State University and an M.B.A. degree from Pepperdine University.
Irving will continue to serve on GoDaddy’s Board of Directors through June 2018.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Blake Irving’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 35.2017 ($).