CDK Global Announces CFO Transition
May 25 2017 - 4:15PM
CDK GLOBAL (Nasdaq:CDK) announced today that Chief
Financial Officer, Al Nietzel, is leaving the Company to pursue
other interests, effective May 31, 2017. CDK’s Executive Vice
President, General Counsel and Secretary, Lee Brunz, will serve as
interim CFO, while retaining his other duties, until a new CFO is
appointed. Mr. Brunz previously served as head of finance and
controller for Cobalt Holding Company, a predecessor company of
CDK. CDK has commenced a comprehensive search for a permanent
replacement, assisted by Crist|Kolder Associates, a leading
executive search firm.
“On behalf of our Board and management team, I’d
like to thank Al for his many years of service to CDK and wish him
all the best in his future endeavors,” said Brian MacDonald,
President and CEO of CDK Global. “I am pleased that we have
such a highly capable and experienced executive as Lee to step in
to act as interim CFO while we search for a replacement. We
will be looking for a candidate who can help us deliver further
financial and operational improvements, and build on the strong
progress we have made in transforming our company.”
About CDK Global With more than $2 billion in
revenues, CDK Global (Nasdaq:CDK) is a leading global provider
of integrated information technology and digital marketing
solutions to the automotive retail and adjacent industries. Focused
on evolving the automotive retail experience, CDK provides
solutions to dealers in more than 100 countries around the world,
serving approximately 28,000 retail locations and most
automotive manufacturers. CDK solutions automate and integrate
all parts of the dealership and buying process from targeted
digital advertising and marketing campaigns to the sale, financing,
insuring, parts supply, repair and maintenance of vehicles. Visit
www.cdkglobal.com.
Investor Contact:
Katie Coleman
847.485.4650
katherine.coleman@cdk.com
Media Contact:
David Webster
469.222.3667
david.webster@aberdeenstrategies.com
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