Zynga loses infrastructure chief Leinwand as exec exodus continues
Zynga (NASDAQ:ZNGA) CTO of Infrastructure Allan Leinwand has left the beleaguered social gaming giant to take a similar role at enterprise IT firm ServiceNow, GigaOm reports.
Leinwand joined Zynga in April 2010 and is cited as a catalyst behind its shift away from Amazon's cloud services to its internal Z Cloud platform. Prior to Zynga, he served four years as a venture partner at Panorama Capital.
Leinwand is just the latest in a series of high-profile Zynga executives who've left the company in recent weeks. Chief Operating Officer John Schappert exited in August, just days after he was stripped of his responsibilities as head of social gaming development, and Chief Creative Officer Mike Verdu soon followed to launch his own startup. MarketWatch reports that Vice President of Studios Bill Mooney, who spearheaded the FarmVille franchise, and Vice President of Marketing Brian Birtwistle have also left the company, although Zynga has not confirmed their departures.
"Developing great leaders is an essential part of Zynga's core values," a spokesperson said. "We're proud of our record in that regard--and it's not at all surprising that some would move on and or retire post-IPO."
Zynga reported second quarter 2012 losses of $22.8 million, which executives blamed on recent algorithmic changes made by social network Facebook, as well as diminishing mobile traffic for high-profile acquisition Draw Something. Despite its troubles, Zynga's second quarter revenues reached $332.5 million, up 4 percent over the first quarter of 2012. Zynga now boasts more than 300 million monthly active users, including 33 million daily active users on mobile.
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