Sections

Zynga CFO jumps ship for Facebook as management reshuffles

Zynga makes management changes as David Wehner departs

Zynga has announced that chief financial officer David Wehner is leaving the company for a “senior finance position” at Facebook. Wehner has been with Zynga since 2010 and was one of those hit hard by Zynga's tumble in the stock market. Wehner parted with 386,865 shares in Zynga's second offering, but the total value of his remaining 350,766 shares have dropped from an all-time high of $5.6 million down to $740,000. With Wehner's departure, Zynga is making a number of changes in its executive management staff.

Chief accounting officer Mark Vranesh will be taking Wehner's vacant position as chief financial officer. Chief mobile officer David Ko has been appointed chief operations officer, overseeing Zynga's “strategy planning, international, infrastructure and operations”.

Executive vice president Barry Cottle - formerly the executive vice president of EA Interactive - has been named chief revenue officer. Cottle will handle business development and strategic partnership for Zynga. Executive vice president of games Steven Chiang - who is also an EA transplant, having previously worked as the senior vice president of EA Sports - has been promoted to president of games.

"Dave remains a good friend to us all and we wish him success in his next role," said Zynga founder Mark Pincus. "Mark, David, Barry and Steve are rooted in our culture, committed to our future and part of the talented bench of leadership at Zynga. I'm confident we have the right team to deliver on our mission of connecting the world through games and position us for long-term growth."

“These changes come at an important time. We are positioning ourselves for long-term growth and I'm confident that we have the breadth and depth of management talent to deliver on our mission of connecting the world through games. We are also today reaffirming our 2012 financial outlook that we communicated on October 24, 2012,” said Pincus in a post on the official Zynga blog.

Related stories

Zynga sues two former employees over data theft

Both creators now at rival firm Scopely

By Christopher Dring

Zynga CEO: I'll never go back to console and PC

Former EA executive Frank Gibeau sees mobile as a much more enticing opportunity

By James Brightman

Latest comments (7)

Dave Herod Senior Programmer, Codemasters4 years ago
Seems a few weeks at least since the last Zynga escapee. Must have taken him a while to figure out how to pick the lock on his office door.
0Sign inorRegisterto rate and reply
or get off the campus but realised required to add zynga credits to get through the front door.
maybe if he asked Pm for a diamond pick!
1Sign inorRegisterto rate and reply
Kingman Cheng Illustrator and Animator 4 years ago
Thank you David Wehner!

But our Curiosity Diamond Chisel is in another castle!
0Sign inorRegisterto rate and reply
Show all comments (7)
Storm that CASTLE!
0Sign inorRegisterto rate and reply
Jim Webb Executive Editor/Community Director, E-mpire Ltd. Co.4 years ago
So he jumped from a sinking ship to a ship with a leak in it.

Not quite the oven to the frying pan but the stove is heating up.
1Sign inorRegisterto rate and reply
But technically as a CFO, it was never really about gaming but monetizing. SO zynga probabyl has more chance to monetize than a developer based on its platform (in theory)
0Sign inorRegisterto rate and reply
Arthur N4 years ago
"Mark, David, Barry and Steve are rooted in our culture, committed to our future and part of the talented bench of leadership at Zynga"
CHuckles, what talent? it's funny how he is still so shameless about all this.
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.