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Zynga's CFO has resigned, effective immediately, with no reason given

Nov 4, 2015, 02:57 IST

Zynga

Zynga CFO David Lee is stepping down, effective immediately, the gaming company reported in its Q3 earnings.

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Zynga did not provide a reason for the abrupt change.

Lee, who joined the company in April 2014, will be temporarily replaced by interim CFO Michelle Quejado, who was formerly the company's chief accounting officer.

The company, most famous for its FarmVille and Words With Friends franchises, beat analyst estimates on both the top and bottom line, with revenue of $196 million and break-even non-GAAP EPS.

Zynga also said that a key metric - average monthly active users - declined by 27% year-over-year during the third quarter.

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The stock was up as much as ~2% after-hours, but is now more or less flat.

Here's what Zynga says in its press release about Lee's departure:

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