Usually, investors get jittery on news like this, but that hasn’t been the case with Zynga. In fact, shares are up about 3% in today’s trading.
Then again, it has been fairly normal to see executive defections at the beleaguered company. Plus, the shares are still down about 77% since the IPO in December.
Zynga also reshuffled its existing ranks. Mark Vranesh was the chief accounting officer, but will now be the new CFO. David Ko — known as a mobile guru — will take the position of chief operating officer.
The company also confirmed its guidance for 2012 bookings: $1.09 billion to $1.1 billion. Adjusted profits are expected to range from 2 cents to 3 cents a share.
Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He is also the author of “How to Create the Next Facebook.“ Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.