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Zynga finance chief joins Facebook

Zynga's finance chief is leaving the troubled online game company to join Facebook.

San Francisco-based Zynga said on Tuesday that David Wehner will take a "senior finance position" at the social networking company. His exact title will be vice president of corporate finance and business planning, Facebook said.

Chief accounting officer Mark Vranesh is replacing Mr Wehner as chief financial officer, returning to the post he held from 2008 to 2010, while Zynga was still a private company.

Zynga also reshuffled its executive ranks, a move CEO Mark Pincus said puts the company in a position for "long-term growth".

Zynga, whose games include FarmVille" and Texas HoldEm Poker, has seen its stock price fall sharply in recent months amid concerns about its ability to make money from mobile games, off of Facebook.

David Ko, who was previously chief mobile officer, is now chief operations officer. Barry Cottle, who came to Zynga from Electronic Arts, is now chief revenue officer. He was previously executive vice president of business and corporate development.

The appointments seek to fill some of the holes left by executives who have left Zynga in recent months. John Schappert, Zynga's chief operating officer, left in August after less than a year and a half on the job. Mr Schappert's exit was followed by that of Mike Verdu, the company's chief creative officer, and in September Jeff Karp, the chief marketing and chief revenue officer, left the company.

Zynga is also reaffirming its guidance. The company still expects adjusted earnings of two or three cents per share. Analysts polled by FactSet expect three cents.

Zynga shares closed up one cent at 2.11 US dollars and added two cents in after-hours trading.

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