Web.com CEO and President David Brown Announces Planned Retirement; Successor to be Announced in Early Q1 2019
JACKSONVILLE, Fla., Dec. 21, 2018 (GLOBE NEWSWIRE) -- Web.com Group, Inc. Chief Executive Officer (CEO) and President David L. Brown on Friday announced he plans to retire from the company in early 2019. Brown founded the company in 1997 and has served as its CEO since that time. Under Brown’s leadership, the company grew to $750 million in revenue.
“Working alongside our Web.com employees for the last 21 years has been immensely rewarding, and for that, I am forever grateful,” said Brown.
In October, Web.com was purchased by an affiliate of Siris Capital Group, LLC., a private equity firm specializing in technology investments. When the company was acquired, Brown committed to continue leading the company until a new CEO was identified by Web.com’s board of directors.
Commenting on the announcement, Robert Aquilina, Siris Capital executive partner and chairman of the Web.com board of directors, said: “Over the last 21 years, David Brown has successfully grown and evolved the company to a leading global provider of domain name registration and web presence services to millions of customers globally. We are deeply appreciative of David’s contributions and partnership. We look forward to announcing his successor in early 2019.”
Web.com plans to announce Brown’s successor early in the first quarter of 2019, and Brown will remain for a brief period to assist with the transition.
About Web.com Group, Inc. | Web.com
Since 1997 Web.com has been the marketing partner for businesses wanting to connect with more customers and grow. We listen, then apply our expertise to deliver solutions that owners need to market and manage their businesses, from building brands online to reaching more customers or growing relationships with existing customers. For some, this means a fast, reliable, attractive website; for others, it means customized marketing plans that deliver local leads; and for others, it means customer-scheduling or customer-relationship marketing (CRM) tools that help businesses run more efficiently. Owners from big to small can focus on running the companies they know while we handle the marketing they need. To learn how this global company collaborates with customers and employees to achieve their potential, explore www.web.com or follow on Twitter at @webdotcom or on Facebook at facebook.com/web.com.
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