Social gaming company Zynga announced several huge changes in its executive team Tuesday.
CFO David Wehner is leaving Zynga for a senior finance position at Facebook, and will be replaced by Mark Vranesh, who previously served as the company's chief accounting officer. Vranesh previously served as CFO of Zynga from May 2008 to August 2010, when he assumed the position as the company’s chief accounting officer.
In addition, David Ko was appointed COO of Zynga, Barry Cottle was appointed chief revenue officer, and Steven Chiang was appointed president of games at the company. All three are making those moves from other positions inside the company.
"Dave remains a good friend to us all and we wish him success in his next role," said Mark Pincus, founder and CEO of Zynga. "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."
The changes happen in the wake of company layoffs. In October, Zynga laid off more than 100 employees in its Austin office and announced it will be closing its Boston studios.
The company recently beat Q3 revenue estimates, posting revenues of $317 million for the quarter (beating estimates of $256 million).
“While the last several months have been challenging for us, Zynga remains well positioned to capitalize on the growth of social gaming,” Mark Pincus, CEO and founder, said in a press release last month announcing the quarterly results.