×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Zynga | CEO | Microsoft | exec

Zynga CEO Steps Down, Microsoft Exec to Take Post

Monday, 01 July 2013 05:21 PM EDT

Zynga said its CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft's Xbox business.

The maker of "FarmVille" and other games said Monday that Pincus, who founded Zynga in 2007, will stay on as chairman and chief product officer.

Mattrick has served as the president of Microsoft's entertainment business, which includes the Xbox, since 2010. He's been with Microsoft for six years.

Mattrick faces a difficult task. Zynga's stock is down sharply since the company's 2011 initial public offering. Its games have waned in popularity and it announced in June that it was cutting 520 jobs, or about 18 percent of its workforce to save money.

Zynga shares soared nearly 15 percent to $3.19 in after-hours trading.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Companies
Zynga said its CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft's Xbox business.
Zynga,CEO,Microsoft,exec
124
2013-21-01
Monday, 01 July 2013 05:21 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved