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Zynga loses CFO to Facebook, shuffles up management team

Zynga loses its CFO to Facebook, and several other management changes have occurred at the company

| Business, Financial & Legal News | Posted: Nov 14, 2012 12:04 am

Zynga isn't doing very well, as most of our readers will know, and today continues to show that they will likely continue to do poorly. Zynga's CFO has said adios to the sinking ship and jumped on over to the still-floating-though-possibly-sinking Facebook ship. CFO Dave Wehner has taken a senior position at Facebook, according to a memo released today.

 

TweakTown image news/2/6/26723_1_zynga_loses_cfo_to_facebook_shuffles_up_management_team.png

 

CAO Mark Vransesh has been appointed to CFO, a position that he has served in before. There were a round of other promotions and title changes amongst upper management, as well, today, though none quite as headlining as the CFO leaving for Facebook.

 

Pincus, CEO of Zynga, said that the financial outlook is still accurate. Zynga has been focusing on being the Epic of Facebook gaming by providing a platform for third-party developers, instead of trying to produce their own games. This is probably a good idea as their games have had mixed success as of late.

NEWS SOURCE
News.cnet.com

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