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Web.com Announces Executive Transition

August 17, 2009 by  

Web Hosting ToolsJACKSONVILLE, Fla. – Web.com Group, Inc. (Nasdaq:WWWW), a leading provider of online marketing for small businesses, today announced that Jeff Stibel tendered his resignation as President and member of the Board of Directors effective September 30, 2009. He has agreed to assist the company through a transition process for the remainder of 2009. Mr. Stibel intends on pursuing other business ventures, focusing on his upcoming book Wired for Thought and continuing in his role as a director for a number of private and public companies, as well as Brown University’s Entrepreneurship Program and Tufts University’s Gordon Center for Leadership.

David Brown, Chairman and CEO of Web.com, said, “Since Website Pros acquired Web.com nearly two years ago, Jeff played an important role in completing the integration of our two companies. His efforts contributed to our combined company delivering record levels of profitability and cash flow. We look forward to his on-going contributions throughout the upcoming transition process and wish him the best of luck with his personal and professional initiatives.”

Jeff Stibel stated, “It has been a rewarding experience to have worked with David, in addition to the outstanding team at Web.com. I am incredibly proud of the progress and success that Web.com has achieved and am honored to have been a part of that. Web.com has streamlined its operations, completed a difficult migration process and continued to expand its partnership channels. In doing so, we demonstrated the scalability potential of the company’s business model. I am confident that Web.com has the foundation in place to drive long-term growth and profitability, and the company is well positioned to capitalize on the leadership position it has established in online marketing for small and medium sized businesses.”

About Web.com
Web.com Group, Inc. (Nasdaq:WWWW) is a leading provider of online marketing for small businesses. Web.com offers a full range of online services, including Internet marketing and advertising, local search, search engine marketing, search engine optimization, lead generation, home contractor specific leads, website design and publishing, logo and brand development and eCommerce solutions, meeting the needs of small businesses anywhere along their lifecycle.

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