Zynga shares rose more than 11% earlier today.

According to foreign media reports, social gaming company Zynga announced in Monday that Tang Maitrich, the former head of Microsoft's Xbox business, will take over as chief executive of Mark Ping (Mark Pincus).

The media had reported on the news before Zynga issued a formal statement, and Zynga's shares rose more than 11% earlier today. The company confirmed the news after the plate, and the share price rose 3%.

The 47-Year-old, who founded Zynga in 2007, holds a 61% per cent vote on the company. The outgoing chief executive will continue to serve as Chairman of the company. He personally assisted Maitrich from Microsoft into Zynga.

"Don has a unique place in the gaming industry," Pinks wrote in a blog on Zynga's official website. He can work in many areas of his ability-hardware, software, network. He has also been responsible for the "Need for Speed", "virtual life" and other masterpiece. ”

The 49-Year-old Maitrich will officially take over the post of Zynga's chief executive next week, when he will be the company's chief product officer.

Zynga's shares rose 10.4% per cent in Monday, at $3.07 a share. After the intraday period the stock rose to $3.17 per share.

Zynga has relied heavily on selling virtual products to Facebook players, but Zynga's business model is starting to show signs of boredom as users gradually fret about the games on the social networking site. Pinks has little to do with reversing the company's adverse situation.

Zynga listed on Nasdaq in DECEMBER 2011 with a price of $10 per share. The company's current share price has fallen to 25%.

Maitrich joined Microsoft in 2007 after years of working in EA. In EA, he reported to Bin Gordon (Bing Gordon). Gordon was once an EA executive and joined the venture company, TDF (Kleiner).

Pinks and Gordon both served on the Zynga board. The two men began recruiting for Maitrich a few months ago, sources said. Maitrich has expressed a willingness to leave Microsoft to lead a new company.

Mason, a founder of the technology industry, resigned from his position as CEO of the company, after the release of Andrew Mason, the Groupon. Pinks publicly expressed support for Maitrich's appointment.

"I have been saying to Bing and our board that if we can find a better CEO, I will do my best to recruit this person and bring it into the company," says Cox. "I believe that Don is such a leader. ”

At Microsoft, Maitrich has helped to turn the Xbox business into a turnround, and Microsoft's game-hosting business has been a loss for years, but is now the biggest-selling game host in the United States.

Maitrich's departure coincides with the launch of Microsoft's third-generation console Xbox One. The mainframe product was released in May this year and is scheduled to be officially on sale later. Microsoft's new product has caused controversy in the user.

Players have expressed dissatisfaction with the high price of Microsoft's Xbox One. In addition, Microsoft has been planning to keep the host online once a day and limit the player's share of second-hand games. Last month, Microsoft said it would cancel the networking requirements and expressed support for shared gaming.

Maitrich's departure has been rumored for several months. The chief executive of EA resigned in March of this year, after which industry sources speculated that Maitrich or the head of the top game publisher, who had previously been in charge of many leading jobs in EA.