GoDaddy Appoints Michele Lau Chief Legal Officer and Mark McCaffrey Chief Financial Officer

Rhea-AI Summary

GoDaddy Inc. (NYSE: GDDY) announced the appointment of Michele Lau as Chief Legal Officer and Mark McCaffrey as Chief Financial Officer. Lau, effective July 12, 2021, previously served at McKesson Corporation, while McCaffrey will begin his role on June 2, 2021, coming from PricewaterhouseCoopers. Both executives bring extensive experience to their new positions, with Lau focusing on legal strategy and governance, and McCaffrey having a strong background in financial consulting for technology firms. Their appointments replace retiring executives, aiming to enhance GoDaddy's future growth.

Positive

• Michele Lau and Mark McCaffrey bring extensive legal and financial expertise, which could enhance GoDaddy's strategic direction.
• Their backgrounds in corporate governance and technology consulting may strengthen GoDaddy's operational framework.

Negative

• The departure of experienced executives Nima Kelly and Ray Winborne raises concerns about continuity in leadership.

SCOTTSDALE, Ariz., May 5, 2021 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that empowers everyday entrepreneurs, today announced Michele Lau will assume the role of GoDaddy's Chief Legal Officer effective July 12, 2021, and Mark McCaffrey will assume the role of GoDaddy's Chief Financial Officer effective June 2, 2021.  Both will report to GoDaddy CEO Aman Bhutani.  Lau and McCaffrey replace CLO Nima Kelly and CFO Ray Winborne, who both announced their intent to retire earlier this year. 

"We are thrilled to welcome Michele and Mark to the GoDaddy team," said Aman Bhutani, GoDaddy CEO. "Their passion for the company's mission, extraordinary expertise and experience, demonstrated leadership strength, and cultural fit give us tremendous confidence they will help GoDaddy grow and scale to new heights."

With close to 20 years of legal experience, Lau most currently served as Senior Vice President, Corporate Secretary and Associate General Counsel, Corporate, Governance and Transactions at McKesson Corporation.  In her role, Lau advises McKesson's board and executives on strategic matters related M&A, McKesson Ventures, corporate strategy, shareholder engagement, securities, executive compensation, corporate governance, ESG, antitrust, debt, treasury, bankruptcy, real estate, subsidiary governance, stock plan administration and the McKesson Foundation.  Lau co-chairs the National Asian Pacific Bar Association's In-House Counsel Mentoring Program and serves on the board of directors of the Asian Pacific Fund. 

McCaffrey spent more than 20 years as a Partner at PricewaterhouseCoopers LLP (PwC) in Silicon Valley, and most recently served as the head of PwC's US Technology, Media & Telecom (TMT) Sector, a $2.7B practice with 2,000 employees. During his tenure, McCaffrey served as a key strategic advisor to senior executives in public and pre-public technology businesses of scale through transformative periods including initial public offerings, mergers and acquisitions, and advancing their strategies to increase customer value. Prior to his role leading TMT, McCaffrey served as the leader of the global software practice at PwC. McCaffrey serves as President of Kristi Yamaguchi's Always Dream Foundation and is a frequent speaker on the topics of leadership, diversity and mentorship.

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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/godaddy-appoints-michele-lau-chief-legal-officer-and-mark-mccaffrey-chief-financial-officer-301284903.html

SOURCE GoDaddy Inc.

FAQ

Who is replacing the outgoing Chief Legal Officer at GoDaddy?

Michele Lau will assume the role of Chief Legal Officer at GoDaddy effective July 12, 2021.

What experience does Mark McCaffrey bring to GoDaddy as CFO?

Mark McCaffrey has over 20 years at PricewaterhouseCoopers, leading financial strategies for technology firms.

When will the new CFO of GoDaddy officially start?

Mark McCaffrey will officially start as Chief Financial Officer on June 2, 2021.

Why did GoDaddy appoint new executives?

The appointments come as Nima Kelly and Ray Winborne, the previous CLO and CFO, announced their retirement earlier this year.