Zynga Names New CFO Ahead of Q1 Earnings Call

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Today, social gaming company Zynga announced the addition of David Lee as chief financial officer and chief accounting officer. He replaces departing CFO and CAO Mark Vranesh, who will work with Lee in the coming month to ensure a smooth transition. Lee’s first day with the company is next Monday.

“David has a deep understanding of business management and a sharp financial acumen that will be invaluable to Zynga’s long term growth and success,” said Zynga CEO Don Mattrick in a statement.
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Most recently, Lee was the SVP of enterprise finance at Best Buy, where he led corporate strategy and financial planning. He also spent time at Del Monte Foods, Leo Burnett and McKinsey. “Don and the leadership team have an ambitious vision anchored by a rich culture of innovation, and I look forward to working with them to build the next chapter of Zynga’s growth,” said Lee in the announcement.

Zynga has been hemorrhaging users for some time now. Just this year, the developer lost more than half of its monthly and daily active users, according to AppData. The developer’s most popular game, Farmville 2, lost about four million DAUs in the past year. The company has its first earnings call of the year on April 23.

“The year is off to a solid start and our teams have created a strong base for growth throughout 2014. We look forward to sharing details about our results and financial performance during our upcoming first quarter earnings announcement,” said Mattrick.

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