John Schappert Resigns As COO of Zynga

<p>CEO of Zynga&comma; Mark Pincus&comma; stated in a public email today that they confirm John Schappert&&num;8217&semi;s resignation from his position as the COO of the company&comma; as well as his <a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;john-schappert-resigns-zynga&sol;john-schapper&sol;" rel&equals;"attachment wp-att-22337"><br &sol;>&NewLine;<&sol;a>position on the Board of Directors&period; This isn&&num;8217&semi;t too surprising&comma; as Zynga recently went through a corporate restructuring in which Schappert lost oversight of game development for Zynga&period; After the restructuring&comma; the heads of mobile and game development &lpar;David Ko and Steve Chiang&comma; respectively&rpar; began reporting directly to Mark Pincus instead of Schappert&comma; as they had previously&period;<&sol;p>&NewLine;<p><img class&equals;"aligncenter size-medium wp-image-22337" style&equals;"border-color&colon; &num;bbbbbb&semi; margin-top&colon; 0&period;4em&semi; background-color&colon; &num;eeeeee&semi;" title&equals;"John Schappert" src&equals;"https&colon;&sol;&sol;cdn&period;bagogames&period;com&sol;wp-content&sol;uploads&sol;2012&sol;08&sol;06140531&sol;John-Schapper-246x300&period;jpg" alt&equals;"" width&equals;"246" height&equals;"300" &sol;><&sol;p>&NewLine;<p>Reportedly&comma; the restructuring of Zynga came about as a result of being unable to combat their falling stock prices&comma; which closed today at &dollar;2&period;95 a share&period; Mr&period; Pincus made a point of recognizing John Schappert&&num;8217&semi;s contributions to the company and industry as a whole&period; He also noted that&colon; <em>&&num;8220&semi;John leaves as a friend of the company and we wish him all the best&period;&&num;8221&semi;<&sol;em><&sol;p>&NewLine;