David Lee — former senior vice president of enterprise finance for Best Buy — was appointed as social game developer Zynga's chief financial officer and chief accounting officer and will begin his duties April 14, the company announced today.
Lee will replace former CFO and CAO Mark Vranesh, who is leaving Zynga. At his previous job, Lee led the company's corporate strategy, financial planning and analysis treasury teams. His roles for other companies includes work with corporate affairs and restructuring.
Over the course of the last few years, top level executives have shuffled between departures and new hires. Former chief financial officer David Wehner left the company for Facebook in 2012; he was replaced by Vranesh, who also held the chief accounting officer position. In July 2013, former Xbox executive Don Mattrick was appointed CEO of the company.
"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," Mattrick said of Lee's hire. "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."
In January, Zynga laid off 314 employees — 15 percent of its workforce — as part of its efforts to create a "more efficient organization." For more on how Mattrick plans to turn the company around, read our interview.