Zynga Zynga COO John Schappert departs dying firm

Zynga has had a rough couple months as its share prices gradually dipped from about $15 a couple of months ago to around $2 after normal trading hours today.  The social gaming giant is losing money, and it seems like Zynga has just also lost its COO, John Schappert.

Zynga has had a rough couple months as its share prices gradually dipped from about $15 a couple of months ago to around $2 after normal trading hours today.  The social gaming giant is losing money, and it seems like Zynga has just also lost its COO, John Schappert.

 Zynga COO John Schappert departs dying firm

(Google)

In its filing with the SEC today, Zynga stated that Schappert had “made significant contributions to the games industry,” and went on to say that the two parties will remain friends.

“On August 8, 2012, John Schappert, Chief Operating Officer and Director of Zynga Inc., a Delaware corporation (the “Company”), resigned from his positions as an officer and a director of the Company, effective immediately.

Prior to Mr. Schappert’s resignation from the Company’s Board of Directors (the “Board”), he was a member of the Mergers and Acquisitions Committee of the Board. Mr. Schappert’s resignation from the Board was not tendered in connection with any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

The Company noted that Mr. Schappert has made significant contributions to the games industry throughout his career and it appreciates all that he has done for the Company. The Company further noted that Mr. Schappert leaves as a friend of the Company and it wishes him all the best.”

All Things D reported earlier that Zynga’s CEO Mark Pincus was taking over the duties of overseeing game development, and so Schappert’s departure was possibly part of Zynga’s strategy for turning its fortune around.