Polymarket Seeks $400M Funding Round, Targets $15B Valuation Amid Prediction Market Boom 
Indian Refiners Use Yuan via ICICI Bank to Pay for Iranian Oil Under U.S. Sanctions Waiver 
SpaceX Eyes $60B Cursor Deal to Boost AI Power Ahead of IPO 
J.P. Morgan Downgrades Essity AB on Rising Costs and Weak Earnings Outlook 
Huawei Expands Vietnam Presence Through Strategic Partnership with SHB Bank 
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility 
Want to cut your energy bills? Here’s how five experts are doing it 
Ethiopian Airlines Expands Fleet with New Boeing 787 Dreamliner Order to Boost Global Routes 
Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO 
SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows 
Chinese Robotics Stocks React as Humanoid Robot Marathon Sparks Competition Concerns 
Samsung Boosts DRAM Supply to Tesla as AI-Driven Memory Demand Surges 
NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed 
Indonesia and Toyota Explore $300M Bioethanol Investment to Boost Renewable Energy Goals 
OPmobility Reports Q1 Revenue Dip Amid Automotive Industry Slowdown 
John Ternus Signals Apple’s Future with Product-First AI Strategy 
Rising Jet Fuel Costs from Iran Conflict Push Airfare Higher Across Europe 
HOFFMAN ESTATES, Ill., May 25, 2017 -- 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 [email protected] Media Contact: David Webster 469.222.3667 [email protected]
