Chief Executive Officer Steven J. Anenen to Retire by End of Fiscal 2016
Brian P. MacDonald, Seasoned Chief Executive, Appointed Successor
HOFFMAN ESTATES, Ill., Dec. 11, 2015 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) ("CDK" or the "Company") today announced a leadership transition plan in which Brian P. MacDonald, who currently serves on the Company's Board of Directors, will succeed Steven J. Anenen as Chief Executive Officer of CDK by June 30, 2016. Mr. Anenen will step down as CEO once the transition has been completed, following a distinguished 40-year career.
Effective January 1, 2016, Mr. MacDonald will assume the role of President and will work closely with Mr. Anenen to ensure a smooth transition while driving the Company's ongoing transformation plan. Mr. MacDonald has significant relevant leadership experience, having recently served as the President and CEO of
"It has been a privilege and a highlight of my professional career to work alongside the dedicated and talented associates at CDK and to serve our clients worldwide," said Mr. Anenen. "Since our successful spinoff from ADP, we have developed and are executing a transformation plan that will serve as a foundation for continued value creation and success, and I believe now is the logical time for me to begin the process of turning the reins over to CDK's next CEO. I am committed to supporting a seamless transition and have great confidence in CDK's ability to continue to thrive under Brian's leadership."
Mr. Brun continued, "The selection of Brian to succeed Steve reflects the Board's deliberate and focused succession plan. We have worked closely with Brian since his appointment to CDK's Board this past June, and have experienced firsthand his strong leadership abilities, his financial acumen, and his understanding of the automotive and technology sectors. We are fortunate to have found someone of Brian's caliber and are confident he is the right leader to help enhance value and drive the Company forward into its next phase of success."
"I am honored to be selected to succeed Steve as CDK's next CEO," said Mr. MacDonald. "Under Steve's leadership, CDK has established a track record of strong execution and I hope to build on his legacy as I step into my new role. Over the coming months, I will be working closely with Steve and the rest of the management team to ensure a smooth leadership transition. My focus will be executing CDK's transformation plan while positioning CDK to continue delivering long-term value for shareholders, clients and associates well into the future."
About Brian P. MacDonald
Mr. MacDonald most recently served as President and Chief Executive Officer of
With more than
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