Zynga Inc (ZNGA)'s New CEO Faces Steep Challenges

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HFA Staff
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Zynga Inc (NASDAQ:ZNGA) founder Mark Pincus said he was stepping down as chief executive of the troubled video game company and will be replaced by Don Mattrick, currently the head of Microsoft Corporation (NASDAQ:MSFT)’s Xbox division. Pincus will remain Zynga’s chairman and chief product officer. He and Mattrick will report jointly to the board and will form a new executive committee to help manage the company’s operations. “Zynga is a great business that has yet to realize its full potential. I’m really proud to partner with a product focused founder like Mark and work with the executive team to grow…

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