CDK Global Inc. CEO Steven Anenen will step down from his role at the dealer software provider by June 30, the company said.
Anenen will be succeeded by Brian MacDonald, the former president and CEO of Sunoco Inc. and ETP Holdco Corp. Anenen will step down “once the transition has been completed,” the company said in a Friday news release.
CDK, formerly known as ADP Dealer Services, was spun off from Automated Data Processing Inc. in October. It and archrival Reynolds and Reynolds are the top providers of software dealerships use to help run their businesses.
“Steve has been critical to building CDK’s business and guiding CDK’s transformation following its successful spinoff from ADP, and thanks to his leadership, CDK is well positioned for continued success,” CDK board chairman Leslie Brun said in a statement.
MacDonald, who is on CDK’s board of directors, will take over as president of the company on Jan. 1.
“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,” Brun said.
MacDonald was most recently president and CEO of Hertz Rental Equipment Corp. and was interim CEO of Hertz Corp. in 2014. In addition to leading ETP and Sunoco, MacDonald has been in roles at General Motors, Isuzu Motors, Ally Financial and Dell and serves on the board of directors of Computer Sciences Corp.
“I will be working closely with Steve and the rest of the management team to ensure a smooth leadership transition,” MacDonald said in a statement. “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.”
Anenen said in a November earnings call that the company expects to see $10 million in savings over nine months as it consolidates customer support staff and opens a new customer support center near Cincinnati.
The company posted net income of $59 million in the first fiscal quarter ended Sept. 30, compared with net income of $39 million in 2014.
