SAN FRANCISCO — Zynga co-founder Mark Pincus on Monday said he is handing over the helm of the struggling social games company to Microsoft entertainment division chief Don Mattrick.
Word that videogame industry veteran Mattrick would be in command of San Francisco-based Zynga beginning next week sent shares climbing more than 10 percent to $3.26.
"I've always said (to the Zynga board) that if I could find someone who could do a better job as our CEO I'd do all I could to recruit and bring that person in," Pincus said in a letter to employees.
