Zynga COO John Schappert Calls It Quits
Zynga is currently dealing with a rapidly declining stock price due to an over-reliance on Facebook, an insider trade investigation, and a lawsuit from Electronic Arts. This is why it doesn’t shock me that Zynga COO John Schappert has stepped down from the company and the board of directors. Zynga CEO Mark Pincus is now becoming extremely involved in the game development process as he is now having Zynga mobile chief David Ko reporting directly to him.
“We can confirm that John Schappert has left Zynga and its Board of Directors effective immediately. John has made significant contributions to the games industry throughout his career and we appreciate all that he has done for Zynga. John leaves as a friend of the company and we wish him all the best,” wrote Pincus in a statement.
Steve Chiang, the EVP of games, will also now start reporting to Pincus since Schappert is stepping down.
Schappert’s total compensation was equal to $42.8 million. He had received a $10 million signing bonus and $10 million in stock grants that were to vest over multiple years when he joined Zynga.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry