Zynga COO Resigns as Game Maker's Stock Falters

Lauren Indvik
Zynga COO Resigns as Game Maker's Stock Falters

John Schappert, Zynga's chief operating officer and a member of its board of directors, is resigning from both positions.

According to an Aug. 8 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."

[More from Mashable: Zynga’s ChefVille Will Help You Make Dinner]

His resignation is not a terrible surprise. Late last month, reports emerged that Schappert was no longer overseeing game development. Two executives who then reported to him -- David Ko, chief mobile officer, and Steven Chiang, EVP of Zynga's games division -- began reporting directly to CEO Mark Pincus rather than Schappert.

Schappert was a high-profile hire for Zynga, who joined the firm in April 2011 after leaving an executive position at Electronic Arts.

[More from Mashable: Game Studio’s Recruitment Video Mocks Zynga, Brings the Awesome]

Meanwhile, Zynga's stock price continues to decline. It was trading around $2.85 after the market close Wednesday. It was trading above $10 around the time of its IPO in December.

This story originally published on Mashable here.