Update: This article contained a few errors regarding David Lee's contributions to Zynga.
Zynga’s Chief Financial Officer David Lee is stepping down, to be replaced by Chief Accounting Officer Michelle Quejado.
The news comes a day after Activision revealed plans to buy King, but the two events are not necessarily related. In fact, Zynga posted a profit of $ 3.1 million for the latest quarter, with revenue rising 10 % to 195.7 million thanks to Words with Friends and new games likeWizard of Oz Slots.
It’s not all roses for Zynga, as it missed analyst projections and their own forecasts for bookings for the same quarter. It’s been months since Don Mattrick resigned as Zynga’s CEO, and to his credit, his efforts to clean up the company and get it ‘back to basics’ seems to have worked, if only to a limited extent.
As for David Lee, he plans to leave the company in December. Zynga has also chosen to delay their latest games,CSR2 and Dawn of Titans, until 2016.
