Zynga founder Pincus leaving operations role

Online game maker Zynga says company founder Mark Pincus is stepping down as chief product officer, less than a year after he was replaced as the company's CEO.

Zynga says Pincus will remain chairman of the company he founded in 2007.

Zynga went public in 2011 on the strength of games like "Farmville" and "Mafia Wars," which had enthusiastic Facebook followings. But then rival digital game makers invaded Facebook and more people migrated to other pastimes on smartphones. Zynga has been cutting jobs and posting losses.

Don Mattrick had replaced Pincus as CEO in July. He had been in charge of Microsoft's interactive entertainment division.

The San Francisco-based company on Wednesday also announced several new executive hires.

Shares rose 3.6 percent in aftermarket trading.


Explore further

New Zynga CEO reshuffles ranks, 3 execs to leave

© 2014 The Associated Press. All rights reserved.

Citation: Zynga founder Pincus leaving operations role (2014, April 23) retrieved 8 March 2021 from https://phys.org/news/2014-04-zynga-founder-pincus-role.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments