CDK Global has appointed a new CEO to steer the dealership software firm through ongoing challenges, including recent cybersecurity threats and legal disputes. The transition follows a period of significant restructuring, including a major technology upgrade costing half a billion dollars. The incoming leader takes over from a longtime executive whose tenure was marked by high-stakes operational and financial shifts. Industry observers will watch how the new direction addresses lingering vulnerabilities and market pressures.
Sudhakar Ramakrishna takes over as CDK Global CEO on Oct. 5, succeeding Brian MacDonald, who led the dealership software company through cyberattacks, lawsuits and a $500 million technology overhaul.
