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Zynga Names Former Best Buy Exec CFO

Zynga Inc (NASDAQ:ZNGA) has appointed former Best Buy (NYSE:BBY) executive David Lee its chief financial officer as Zynga continues reshuffling its ranks to try to return the "Farmville" creator to growth.Lee, 42, will step into the role on April 14 and replace current Chief Financial Officer Mark Vranesh who has decided to leave the company, the games publisher said in a statement.Zynga has sought to revive its business by overhauling top management, trimming staff and introducing titles that can be played on smartphones and tablets.Lee was previously the senior vice president of corporate finance, treasury, mergers and acquisitions and corporate strategy at retail giant Best Buy. He has also worked at Del Monte Foods.Vranesh, who joined Zynga in 2008, has held roles of chief financial officer and chief accounting officer. He will work with Lee over the next month before leaving the company.To regain its financial footing, Zynga has set in motion a turnaround plan, which includes expa...

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  1. JP Morgan's 3Q beat

    Earnings HQ: FBN’s Cheryl Casone breaks down JPM’s third-quarter earnings report.

  2. Del Monte Pacific buys U.S. canned food business for $1.7 billion

    Singapore-listed Del Monte Pacific Ltd will buy the canned food business of private equity-backed Del Monte Foods Consumer Products Inc for $1.7 billion, gaining a d...

  3. Buyout firm Vestar raises less than a quarter of its target

    Private equity firm Vestar Capital Partners said on Monday it had wrapped up fundraising for its sixth fund, securing only $804 million from investors, a fraction of...

  4. Fresh Del Monte wins injunction in fruit licensing battle

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  5. Del Monte 3Q Net Down 1% on Higher Costs

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    Michael Dell's offer to take Dell Inc private for $24.4 billion should be blocked because the leveraged buyout is unfair to the struggling computer company's stockho...

  7. Dell Investor Sues to Block Founder's Leveraged Buyout

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