Zynga announced on Thursday that its CFO and CAO Mark Vranesh is stepping down from the company after working at the company for six years. David Lee will be taking over both roles, effect April 14th.
Vranesh will stay at the company for a month to ensure a “seamless transition.” Zynga will be reporting its earnings one week after the date of the CFO switch on April 23rd.
?I am pleased with the progress we have made so far this year against our strategic frame of growing and sustaining our franchises, creating new hits and driving efficiencies. 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 Zynga CEO Don Mattrick to reassure investors that the company is making progress and should not see the management switch as a weakness.