GoDaddy Announces Executive Retirements

Rhea-AI Summary

GoDaddy (NYSE: GDDY) announced on February 11, 2021, the upcoming retirements of Nima Kelly, Chief Legal Officer, and Ray Winborne, Chief Financial Officer. Both will remain in their roles until successors are appointed to ensure a smooth transition. Nima Kelly has been instrumental in GoDaddy's legal team since 2002, guiding the company through its IPO and major acquisitions, including the $1.85 billion purchase of HEG. Ray Winborne, who became CFO in 2016, contributed to nearly doubling the company's revenue and creating significant shareholder value through various capital deployments.

Positive

• Nima Kelly and Ray Winborne have significantly contributed to GoDaddy's growth and governance.
• Kelly led the company through its IPO and major M&A activities, enhancing corporate structure.
• Winborne helped to nearly double GoDaddy's revenue during his tenure, creating substantial shareholder value.

Negative

• None.

SCOTTSDALE, Ariz., Feb. 11, 2021 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced that Nima Kelly, Chief Legal Officer, and Ray Winborne, Chief Financial Officer, plan to retire in 2021.  Both Kelly and Winborne will remain in their positions until successors have been named and will aid in the transitions. 

"Nima and Ray have both had immeasurable impact on GoDaddy, and their contributions will be long-felt," said Aman Bhutani, GoDaddy CEO. "They have built world-class legal and financial teams, which will serve GoDaddy well as we onboard new leaders and continue to grow the company.  We wish both of them all the best in their retirements and thank them for their extraordinary leadership."

Kelly joined GoDaddy in 2002, becoming GoDaddy's General Counsel in 2012.  Under her leadership, Kelly built a high-performing legal team that took the company public, structured ongoing M&A transactions, including the $1.85 billion acquisition of HEG, and established corporate governance and public company processes.  Winborne took the role of GoDaddy CFO in 2016 and helped steer GoDaddy's tremendous growth over the last five years, during which the company's revenue nearly doubled.  During his tenure, GoDaddy created significant shareholder value, deploying nearly $5 billion in capital, including M&A, share repurchases, and the settlement of the company's TRA. 

GoDaddy has begun to search for both replacements, evaluating both internal and external talent. 

About GoDaddy 
GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online. GoDaddy is the place people come to name their idea, build a professional website, attract customers, sell their products and services, and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success. To learn more about the company, visit www.GoDaddy.com.

Source: GoDaddy Inc.

© 2021 GoDaddy Inc. All Rights Reserved.

 

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SOURCE GoDaddy Inc.

FAQ

What leadership changes are occurring at GoDaddy in 2021?

GoDaddy announced the retirements of Nima Kelly, Chief Legal Officer, and Ray Winborne, Chief Financial Officer, both planned for 2021.

How has Ray Winborne impacted GoDaddy's financial growth?

During Ray Winborne's tenure as CFO, GoDaddy's revenue nearly doubled, and he helped create significant shareholder value.

What major acquisitions did Nima Kelly oversee at GoDaddy?

Nima Kelly oversaw the $1.85 billion acquisition of HEG and other significant M&A transactions during her time as Chief Legal Officer.