news\ Aug 1, 2012 at 7:20 pm

Correction: John Schappert has left Zynga

John Shappert

Update #2: Schappert has indeed left the company, according to numerous sources.

Update #1: Zynga has confirmed that Schappert is still COO of Zynga, issuing the following statement:

“We can confirm that in order to unify our company around a multiplatform approach, we reorganized our teams in July to integrate web and mobile groups. These groups are led by David Ko, our chief mobile officer, and our EVP of games Steve Chiang, who are overseeing our game divisions; our chief operating officer John Schappert overseeing our day-to-day business operations; and our CTO Cadir Lee, overseeing our new Platform division — all of whom report to our CEO Mark Pincus. Our players expect their favorite games on every platform and we want to unlock everyone in the company to continue moving quickly against the multiplatform opportunity.”

Original story:

Chief operating officer John Schappert's position at Zynga has been terminated after little over a year working for the company.

Schappert left Electronic Arts in April of 2011, swapping one COO job for another.

Following the recent stock downturn at Zynga, the social games giant has reorganized senior executives, replacing Schappert with chief mobile officer David Ko and executive VP Steve Chiang, who will take over duties.

Ko and Chiang were both reporting to Schappert previously. Now they will answer to CEO Mark Pincus.

Last week, Zynga posted revenues of $332.5 million, an increase of 19 percent year over year, but they also experienced a shocking loss of nearly $23 million in the same quarter that key investors curiously dumped stock.

Follow @wita on Twitter for tales of superheroes, plumbers in overalls, and literary adventures.


About The Author
Stephanie Carmichael Twitter: @wita
In This Article
From Around The Web
blog comments powered by Disqus