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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.

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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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