On Air Now

Current Show

The Sean Hannity Show   2:00 PM - 5:00 PM

Call the Sean Hannity Show at 800-941-7326

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
70° Feels Like: 70°
Wind: W 12 mph Past 24 hrs - Precip: 0.13”
Current Radar for Zip

Today

Scattered Thunderstorms 72°

Tonight

Mostly Clear 53°

Tomorrow

Isolated Thunderstorms 74°

Alerts

Zynga names investor John Doerr to board of directors

Venture capitalist John Doerr shows a flexible solar panel during a panel discussion at the 2006 TechNet Innovation Summit at the Stanford U
Venture capitalist John Doerr shows a flexible solar panel during a panel discussion at the 2006 TechNet Innovation Summit at the Stanford U

By Gerry Shih

SAN FRANCISCO (Reuters) - Zynga Inc has named John Doerr, a general partner at venture capital firm Kleiner Perkins Caufield & Byers, to its board, the online gaming company said Friday.

Doerr, 61, becomes the second Zynga director from the ranks of Kleiner Perkins, which began backing the company in 2008 and guided it to its 2011 initial public offering.

William "Bing" Gordon, another Kleiner Perkins investor, also holds a seat on Zynga's board.

One of Kleiner Perkins' high-profile bets in recent years, Zynga has been a disappointment since its IPO. Gamers and investors alike have fled the company, and its shares currently trade at roughly one-third of their $10 IPO price.

Zynga Chief Executive Officer Mark Pincus has vowed to lead a turnaround in 2013 by introducing games that can be played across the Web and on mobile devices. On Thursday, he slashed his own salary to $1.

Pincus called Doerr a trusted advisor who could help Zynga navigate a "pivotal" year of transition.

Doerr has made a number of prescient investments, including early stakes in Google Inc, Amazon.com Inc and Intuit Inc. He remains on Google's board.

(Reporting by Gerry Shih; Editing by Lisa Von Ahn)

Comments