Best Buy exec heads to Zynga as CFO, chief accounting officer

Zynga, a leading social game developer, has appointed former Best Buy executive David Lee as CFO and chief accounting officer, effective April 14. Lee will report directly to CEO Don Mattrick.

He succeeds CFO and CAO Mark Vranesh who is leaving the company. Vranesh will work with Lee over the next month to ensure a seamless transition of responsibilities, according to the company.

"At the end of 2013, Mark Vranesh and I began working together on a CFO search. We viewed a lot of candidates, had a high bar and found a leader in David who will be a great addition to our team," said Mattrick. "David has a deep understanding of business management and a sharp financial acumen that will be invaluable to Zynga's long term growth and success. He has a track record of fostering cultures of excellence and navigating business transformations through sound counsel and strategic planning. David is a seasoned financial executive whose two decades of experience will deepen our leadership capabilities and I am proud to welcome him to Zynga. I want to thank Mark for his numerous contributions to the Company over the last six years and we wish him the best in his future endeavors."

Lee has two decades of experience in finance, general management, strategic planning, growth investing, corporate restructuring and business transformations.

"It is an honor to join Zynga during such a transformative time in the company's history. Zynga reached impressive milestones in its first phase of growth, entertaining more than one billion people with its games and creating iconic, household brands with franchises like FarmVille and Words With Friends," said Lee. "Don and the leadership team have an ambitious vision anchored by a rich culture of innovation, and I look forward to working with them to build the next chapter of Zynga's growth."

Lee most recently served as SV of enterprise finance for Best Buy, where he was responsible for leading the company's corporate strategy, financial planning and analysis and treasury teams. Before joining Best Buy, Lee spent more than eight years at Del Monte Foods where he held several leadership positions across finance and general management including SVP of strategy, SVP of consumer products, VP of strategic planning and business development, VP of finance for consumer products and VP of sales FP&A.

Before Del Monte Foods, Lee served as the director of strategic planning at PG&E Corporation for three years, where he helped lead the company's successful corporate restructuring and turnaround out of bankruptcy. He also spent time creating and implementing consumer growth plans at the Leo Burnett Company, McKinsey & Company, Enterprise Venture Capital and Pacific Venture Capital.

The company will provide first quarter financial results during its upcoming earnings announcement April 23.



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