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Zynga hires Don Mattrick

zingaDon Mattrick is to replace Mark Pincus as the Chief Executive Officer for social gaming company Zynga.

Mattrick, who will join Zynga on July 8 after leaving his role as head of interactive entertainment at Microsoft, will also become a board member at the company.

Zynga’s share price rocketed by more than ten percent following the news of the appointment of Mattrick, who has been credited for steering the growth of the Xbox games console at Microsoft.

“I've always said to… our board that if I could find someone who could do a better job as our Chief Executive Officer I'd do all I could to recruit and bring that person in”, said Pincus.

"I'm confident that Don is that leader.”

"I believe that Mark's pioneering vision and mission to connect the world through games is just getting started," said Mattrick.

"As Mark was recruiting me to come here, I was impressed by his creativity, drive and the clarity in which he sees the future of games and entertainment as a core consumer experience.”

In 2007, Pincus launched online games start-up Presidio Media, which produced Texas Hold'Em Poker. When Presidio quickly secured $10 million in funding, Pincus renamed the company Zynga after his dog. The company launched an initial public offering in December of 2011 but its share price has nosedived since March of last year.