CFO of struggling Zynga defects to Facebook Inc.
BY Associated Press
Wednesday, November 14, 2012
11/14/12 at 2:02 AM
Zynga's finance chief is leaving the troubled online game company to join Facebook Inc.
San Francisco-based Zynga Inc. said Tuesday that David Wehner will take a "senior finance position" at the social networking company. His exact title will be vice president of corporate finance and business planning, Facebook said.
Chief accounting officer, Mark Vranesh, is replacing Wehner as CFO, returning to the post he held from 2008 to 2010, while Zynga was still a private company.
Zynga, whose games include "FarmVille" and "Texas HoldEm Poker," has seen its stock price fall sharply in recent months amid concerns about its ability to make money from mobile games, away from Facebook.
Shares closed up 1 cent at $2.11 and added 2 cents in after-hours trading.