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CDK Global names former Intel chief Brian Krzanich as CEO

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Brian Krzanich was most recently CEO of software company Intel, from May 2013 until June this year.

UPDATED: 11/7/18 10:13 am ET – adds stock trading

Dealership software giant CDK Global Inc. has hired former Intel boss Brian Krzanich to take over as CEO, the company said Wednesday. Krzanich replaces Brian MacDonald, CDK’s CEO since 2016.

The move is effective immediately. In addition to the CEO post, Krzanich, 58, will serve as president of the dealer software giant and take a seat on the company’s board. The company said MacDonald will assist in the transition.

Krzanich was most recently CEO of software company Intel, from May 2013 until June this year, having worked at the company in several roles since 1982. He held positions as senior vice president and general manager of manufacturing and supply chain from 2010 to 2012. Later, as executive vice president and COO, he was responsible for Intel’s global manufacturing, supply chain, human resources and information technology.

“In evaluating the future of CDK, the board and Brian MacDonald concluded that this is the right time to bring in a proven technology CEO to drive top-line growth and help CDK take full advantage of its many opportunities,” Leslie Brun, CDK board chairman, said in a statement.

MacDonald was CDK’s CEO for nearly three years. He was the former president and CEO of Sunoco Inc. and ETP Holdco Corp. and also held positions at General Motors, Isuzu Motors, Ally Financial Inc. and Dell.

CDK Global, with more than $2 billion in annual revenue, is a global provider of information technology and digital marketing products to the automotive retail and other industries.

Shares in CDK Global fell 5.3 percent in early trading to $54.26.





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