Thursday, May 23, 2013





Zynga COO John Schappert resigns


Last Modified: February 16. 2013 2:29PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) John Schappert, the chief operating officer of online game maker Zynga Inc., has left the company after less than a year and a half on the job.


Zynga said in a regulatory filing Wednesday that Schappert's departure is effective immediately. The company lured Schappert away from video game publisher Electronic Arts Inc. last year. He was COO there, too.


Zynga declined to say whether it's replacing Schappert. But it said that Schappert's resignation is not related to any disagreement with Zynga on any matter relating to the company's operations, policies or practices.


"John has made significant contributions to the games industry throughout his career and we appreciate all that he has done for Zynga," said CEO Mark Pincus in a statement. "John leaves as a friend of the company and we wish him all the best."


Zynga's games are played mostly on Facebook. They include "FarmVille," ''CityVille" and "Mafia Wars." The company recently reported dismal second-quarter earnings and cut its guidance for 2012. Though both its user numbers and revenue increased, analysts and investors expected more.


On July 31 Zynga confirmed that it reorganized the company to integrate its Web and mobile units. That meant that Chief Mobile Officer David Ko and Steve Chiang, executive vice president of games, will oversee Zynga's game divisions and report directly to Pincus. Previously they reported to Schappert.


The changes signal that Pincus who founded Zynga, serves as its chief product officer and controls more than half of its voting stock is becoming more hands-on with the development of the company's games.


Shares of the San Francisco-based company fell 6 cents, or 2 percent, to $2.89 in after-hours trading. The stock had closed down 6 cents at $2.95 and priced at $10 when it went public in December.


Associated Press


Comments
Commenting Guidelines
Poll

Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds