Zynga shuffles management team, CFO leaves for Facebook
Another executive leaves the social-gaming company and it reorganizes its leadership again to give CEO mark Pincus more control over product.
Zynga's top finance executive is leaving the social-gaming company to take a senior position at its frenemy Facebook, CEO Mark Pincus announced in a company memo today.
Along with the departure of the soon-to-be former CFO Dave Wehner, Pincus went over the latest reorganization of the company's leaders, a move meant to give him more control over product development.
Zynga appointed Chief Accounting Officer Mark Vranesh, who has served Zynga as CFO once before, to take Wehner's place, and Chief Mobile Office David Ko will now serve the company as chief operations officer.
The company also promoted Barry Cottle, previously executive vice president of business and corporate development, to chief revenue officer, and Steven Chiang, previously executive vice president of games, to president of games.
These positions, left open when other executives departed, have been restructured to reflect Pincus' need to be more hands-on with product development, according to Zynga. Former Chief Operating Officer John Schappert resigned earlier this yearafter a reorganization had Ko reporting directly to Pincus instead of Schappert.
Pincus also reaffirmed the company's financial outlook today. The company's been trying to focus on being a gaming platform for third-party developers, instead of a game creator for platforms like Facebook, to combat disappointing earnings.