Home / Professional / Development / Zynga appoints ex EA executive as CFO

Zynga appoints ex EA executive as CFO

With a net income of more than  $120 million in the red, Farmville creator Zynga is not in the strong financial position it once was. Perhaps because of that it's hired on a new chief financial officer (CFO). Drawing from a similar well as it has in the past, Zynga has acquired the services of ex-Electronic Arts executive, Gerard Griffin for the role.

Back in March this year, Zynga appointed EA games veteran Frank Gibeau as its CEO, so this represents the second hiring of EA executives in 2016. Griffin is a slightly different breed in that he held broad jobs at the company, including positions in the mobile and PC parts of the business.

zynga

Source: Jim Heaphy/Wikimedia

“Gerard's 25 years of financial experience and deep understanding of the games, media and technology industries will be instrumental to Zynga,” Gibeau said of the appointment (via GamesIndustry). “His disciplined financial leadership and approach of working closely with teams to deliver high margin digital revenue, coupled with his ability to navigate business turnarounds, will help put us in a stronger position to achieve long-term growth.”

Griffin will assume a number of accounting roles at the company immediately, also handling finance and investor relations moving forward. No doubt Zynga hopes that his appointment can help stem the tide of cash that is haemorrhaging from its ranks.

Discuss on our Facebook page, HERE.

KitGuru Says: It seems unlikely that Zynga will ever return to its height. Facebook gaming isn't what it once was and there is far more competition than there was back in the late '00s.

Become a Patron!

Check Also

BeBop Sensors VR haptic glove will be on show at CES

CES will be full of innovative new PC hardware due to launch in 2020, one …

One comment

  1. Lmao “EA: deep understanding of the games, media and technology”. DLCs and preorders coming to Mafia Wars and FarmVille

We've noticed that you are using an ad blocker.

Thank you for visiting KitGuru. Our news and reviews teams work hard to bring you the latest stories and finest, in-depth analysis.

We want to be as informative as possible – and to help our readers make the best buying decisions. The mechanism we use to run our business and pay some of the best journalists in the world, is advertising.

If you want to support KitGuru, then please add www.kitguru.net to your ad blocking whitelist or disable your adblocking software. It really makes a difference and allows us to continue creating the kind of content you really want to read.

It is important you know that we don’t run pop ups, pop unders, audio ads, code tracking ads or anything else that would interfere with the KitGuru experience. Adblockers can actually block some of our free content, such as galleries!