Bob Parsons, who founded GoDaddy in 1997, announced his resignation from the company's Board of Directors on Wednesday to focus on his other business ventures.
"It's hard to describe how proud I am of the magnificent enterprise GoDaddy has become," Parsons said in a news release. "The companies I created outside of GoDaddy now demand my full time attention, so it's time for me now to resign my seat on the GoDaddy Board and focus solely on Yam WorldWide."
His resignation takes effect on Friday, Oct. 5.
CEO Scottsdale Wagner said, "Bob's original vision for the company inspires and guides us today, and we will miss his contributions at the board. Bob, thank you for creating a company with tremendous value for those all over the world who - like you - have ideas they want to make real."
Parsons served as GoDaddy's CEO from 1991 to June 2011. It was then sold to a private equity consortium. He served as the board's Executive Chairman until June 2014 where he became a board director.
Parson's real-estate company, YAM Properties, purchased Westgate Entertainment earlier this year. The company is also building a 17,800-square-foot shopping and dining hub in north Scottsdale.