From CNET: FarmVille maker Zynga is harvesting a new crop of company leadership, a familiar occurrence at the game maker in recent years.
Zynga said Tuesday that Mark Pincus would step down as the CEO of the company after less than a year back at the helm of the online games maker he founded. Frank Gibeau, who joined Zynga last year after more than 20 years at rival game maker Electronic Arts, will take over as chief executive on March 7, when Pincus becomes executive chairman.
The move is reminiscent of executive shuffles the company has experienced over the past couple of years. Pincus returned to the San Francisco-based company's executive suite in April 2015, replacing Don Mattrick, who abruptly left the company after less than two years on the job. Mattrick became Zynga's CEO in July 2013 following Pincus' first resignation.
Pincus announced Gibeau's appointment on the company blog, noting that he recruited Gibeau seven months ago to mentor the company's teams in a turnaround effort and saying that he would "continue to work closely with Frank and our product teams day to day."
Zynga shares, which had lost a quarter of their value since Pincus returned in April 2015, closed up 5 cents to $2.16, an increase of 2.3 percent. After-hours trading added 15 cents, an increase of nearly 7 percent.
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