Zynga Inc. (Nasdaq:ZNGA), a leading provider of social game
services, today announced that Louis J. Lavigne, Jr., former
Genentech Inc. Chief Financial Officer, has joined the company's
Board of Directors. Lavigne brings extensive experience in business
operations and management, strategy, finance, accounting and public
company governance to Zynga's Board.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=32373
"I'm excited to welcome Lou to our Board of Directors during
this important time. Lou brings deep experience in business
transformation and public company operations having previously
served as the CFO of Genentech for more than 15 years and as a
Board leader for several other companies. I look forward to working
with Lou and the rest of our talented Board as we pursue our
mission to connect the world through games and deliver the best
experiences for our players," said Mark Pincus, CEO of Zynga.
"The mobile gaming industry continues to grow at an incredible
pace. I believe in Zynga's future potential, and Mark's commitment,
leadership and vision to bring social gaming to the mass market. I
look forward to partnering with my fellow board members as Mark and
the team lead Zynga through its transition," said Lavigne.
Lavigne, 66, is currently the Managing Director of Lavrite, LLC,
a management consulting firm specializing in corporate finance,
accounting, growth strategy and management. Prior to joining
Lavrite, Lavigne spent more than 23 years at Genentech, Inc.,
primarily serving as Chief Financial Officer from 1988-2005. In
that role, Lavigne was responsible for Genentech's Financial,
Corporate Relations, and Information Technology groups and also
served as a member of Genentech's Executive Committee and Chairman
of its 401K Plan Committee. In 2006, Lavigne received the Bay Area
CFO of the Year-Hall of Fame-Lifetime Achievement Award. Prior to
Genentech, he held various financial management positions with
Pennwalt Corporation.
Lavigne currently serves on the Board of Directors for several
companies and institutions including Accuray, Inc., a radiation
oncology company, where he is Chairman of the Board and
Compensation Committee. Lavigne also serves as the Chairman of the
Audit Committee for Depomed, Inc., a specialty pharmaceutical
company; and DocuSign, Inc., a private eSignature transaction
management company. He is also a member of the Compensation and
Mergers and Acquisition Committees, for NovoCure, a private
commercial stage oncology company. He is also a member of the
Pacific SW Network of Audit Committee Chairs and the faculty of GLG
Institute.
Additionally, Lavigne is a Board Member and Chairman of the UCSF
Benioff Children's Hospital Oakland, the UCSF Benioff Children's
Hospitals, and the UCSF Children's Hospitals Foundation and a
member of the Audit Committee.
Previously, Lavigne was a Board Member and on the Audit,
Finance, and Science and Technology Committees of Allergan, Inc.;
and Audit Committee Chairman of Arena Pharmaceuticals, BMC
Software, Equinix, Inc., Kyphon, Inc., SafeNet, Inc. and Xenova,
PLC.
Lavigne joins Zynga's distinguished board members including Mark
Pincus, John Doerr, Dr. Regina E. Dugan, William "Bing" Gordon,
Stanley J. Meresman, Sunil Paul and Ellen F. Siminoff. Lavigne will
become a member of the Audit Committee, alongside members Stanley
J. Meresman, Sunil Paul and Ellen F. Siminoff.
About Zynga Inc.
Zynga Inc. is a leading developer of the world's most popular
social games that are played by millions of monthly consumers. The
company has created evergreen franchises such as FarmVille, Zynga
Casino and Words With Friends. Zynga's NaturalMotion, an
Oxford-based mobile game and technology developer, is the creator
of hit mobile games in popular entertainment categories, including
CSR Racing, CSR Classics and Clumsy Ninja. Zynga games have been
played by more than 1 billion people around the world and are
available on a number of global platforms including Apple iOS,
Google Android, Facebook and Zynga.com.
The company is headquartered in San Francisco, California. Learn
more about Zynga at http://blog.zynga.com or follow us on Twitter
and Facebook.
Forward-Looking Statements
This press release contains forward looking statements relating
to, among other things, our potential and the potential of the
mobile gaming industry, our future operational plans, strategies
and prospects, the strength of our future games slate, our ability
to take advantage of the growth opportunity across our industry and
our transition process. Forward-looking statements often include
words such as "outlook," "projected," "intends," "will,"
"anticipate," "believe," "target," "expect," and statements in the
future tense are generally forward-looking. The achievement or
success of the matters covered by such forward-looking statements
involves significant risks, uncertainties, and assumptions. Our
actual results could differ materially from those predicted or
implied and reported results should not be considered as an
indication of our future performance.
More information about factors that could affect our operating
results is included under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our Quarterly Report on Form 10-Q for the
three months ended September 30, 2014 and in our Annual Report on
Form 10-K for the year ended December 31, 2014, copies of which may
be obtained by visiting our Investor Relations web site at
http://investor.zynga.com or the SEC's web site at www.sec.gov.
Undue reliance should not be placed on the forward-looking
statements in this release, which are based on information
available to us on the date hereof. There is no guarantee that the
circumstances described in our forward-looking statements will
occur. We assume no obligation to update such statements.
The Zynga Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11743
CONTACT: Dani Dudeck
dani@zynga.com
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