Company claims his resignation is not in connection to any of their recent issues.
John Schappert, COO of social gaming giant Zynga, has quit effective immediately
Fulfilling the role of chief operating officer as well as being a member of the company's board of directors, Schappert is leaving both positions. According to an SEC filing, his resignation “was not tendered in connection with any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.”
That said, his resignation is not a surprise. Last month we reported how he was stripped of his position relating Zynga's video games operations, and his involvement in the controversial Zynga stock sale before a poor Q2 report.
Schappert was a high-profile hire for Zynga, who joined the firm in April 2011 after leaving an executive position at Electronic Arts.
Meanwhile, Zynga’s stock price continues to drop. While it was trading above $10 in December at the time of its IPO, it was around $2.85 after the market closed yesterday.