Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > Microsoft Xbox chief Don Mattrick leaves to head embattled Zynga

Microsoft Xbox chief Don Mattrick leaves to head embattled Zynga
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Jul 1, 2013, 06:28 PM
 
In an unexpected corporate move, Microsoft Xbox chief Don Mattrick is moving to embattled game producer Zynga, displacing CEO Mark Pincus in the role. Pincus is willingly vacating the position, but remaining on the board as chairman and the company's chief product officer. Mattrick assumes his new role next week, but will be participating in a discussion with the remaining company employees.

CEO Steve Ballmer informed the Microsoft rank and file of the move earlier today, wishing Mattrick success in his new role. Career milestones for Mattrick include growing Xbox live from 6 million to 48 million, as well as pushing the Xbox 360 to the highest-selling console in the US for the last two years. No successor to his MS role has been announced.

In a statement to the company confirming the hire, Pincus said that "I've always said to Bing and our Board that if I could find someone who could do a better job as our CEO I'd do all I could to recruit and bring that person in. I'm confident that Don is that leader."

After losing a large number of gamers on Facebook, Zynga laid off more than 100 employees in three locations in October, and 500 more in June. Two insider trading suits are still pending against the company, and follow investigations of Zynga staffers and CEO Mark Pincus.

Pincus and other high-ranking Zynga employees are accused of selling 43 million shares of stock in April at $12 per share, when employees and other early investors were banned from selling until May. By then, the stockholders claim, the business had already begun to slump.
( Last edited by NewsPoster; Jul 2, 2013 at 07:12 AM. )
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 05:32 AM.
All contents of these forums © 1995-2014 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2014, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2