(The Hosting News) – Industry-leading domain registrar and web host Go Daddy shuffled up its leadership on Monday, announcing that CEO Warren Adelman would move into the position of Special Advisor for Strategy and Global Policy at the company.

KKR Capstone employee Scott Wagner will temporary assume the top spot in the meantime. Wagner’s association with the web host originates from a partnership between private equity firms KKR and Silver Lake who bought Go Daddy last year for a reported price of over two billion.

In a press release regarding the matter, Wagner reflected on leaving the top spot. “I am proud to have been part of a team that has built a terrific business. I’ve spent close to a decade with Go Daddy and it has been an amazing and rewarding time in my life. As much as I have enjoyed my roles as CEO and formerly as President and Chief Operating Officer, I have reached a juncture in my life when I would like to spend more time with my family.”

Adelman, initially named CEO last year replacing founder Bob Parsons simply described his new role at the company as that of a “Special Advisor.” Meanwhile, founder Bob Parsons expressed his appreciation for the outgoing executive, calling Adelman “instrumental in the spectacular growth of Go Daddy over the past nine years.”

While announcing the big move, Go Daddy was quick to note key achievements in its recent past. Among them was accounting for a profit of $1.1 billion in sales just last year. The big switcheroo arrives on the heels of another big company announcement. Earlier this month, the domain registrar indicated that it would buy management application provider Outright.

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