David Wehner is out at Zynga and David Ko is up, as the social gaming company shook up its C-suite in an announcement after stock markets closed.
Mr. Wehner, who’s served as the company’s chief financial officer since coming over from investment bank Allen & Co. in 2010, may have lost Wall Street’s confidence after Zynga’s share price plummeted nearly 80 percent since the FarmVille maker’s IPO at $10 last December.
He’s not the first high-level employee to leave Zynga in recent months, nor have the departures been limited to the top executives: Zynga laid off about 150 employees last month, and it said it would shut down 13 games. Read More
