San Francisco -- Zynga Inc. named former Best Buy executive David Lee as CFO, effective April 14, as the online games company and creator of “Farmville” seeks to return to growth. He will replace current CFO Mark Vranesh who has decided to leave the company.
Lee was previously the senior VP of corporate finance, treasury, mergers and acquisitions and corporate strategy at Best Buy.
Vranesh, who joined Zynga in 2008, has held roles of chief financial officer and chief accounting officer. He will work with Lee over the next month before leaving the company.
To regain its financial footing, Zynga has set in motion a turnaround plan, which includes expanded cost savings, led by CEO Don Mattrick.