CDK Global chief executive officer Steven Anenen will step down from his leadership post on June 30, the company announced, and taking on the CEO role will be Brian MacDonald, a current member of CDK’s board of directors.

The company laid out its leadership transition plan in a news release on Friday, explaining that MacDonald will become president on January 1 and work with Anenen during the transition process.

MacDonald’s similar experience includes time in president and CEO roles with Hertz Rental Equipment Corp., ETP Holdco Corp. and Sunoco.

Leslie Brun, CDK's non-executive chairman of the board, said in the release: “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. On behalf of the board and management team, we are grateful for Steve's numerous contributions and accomplishments over his career and look forward to continuing to work with him as we implement this succession plan.”

Anenen added: “It has been a privilege and a highlight of my professional career to work alongside the dedicated and talented associates at CDK and to serve our clients worldwide. Since our successful spinoff from ADP, we have developed and are executing a transformation plan that will serve as a foundation for continued value creation and success, and I believe now is the logical time for me to begin the process of turning the reins over to CDK's next CEO. I am committed to supporting a seamless transition and have great confidence in CDK's ability to continue to thrive under Brian's leadership.”

Commenting further on MacDonald’s appointment, Brun said: “The selection of Brian to succeed Steve reflects the Board's deliberate and focused succession plan. We have worked closely with Brian since his appointment to CDK's bard this past June, and have experienced firsthand his strong leadership abilities, his financial acumen, and his understanding of the automotive and technology sectors. 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."

MacDonald said: “I am honored to be selected to succeed Steve as CDK's next CEO. Under Steve's leadership, CDK has established a track record of strong execution and I hope to build on his legacy as I step into my new role. Over the coming months, I will be working closely with Steve and the rest of the management team to ensure a smooth leadership transition. 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.”