An executive reshuffle at Zynga has resulted in COO John Schappert losing his responsibility for games as the company claimed it was looking to "unify" its operations.
It's believed Schappert, who joined Zynga from EA little over a year ago, has been relieved of the role owing to increasing shareholder pressure.
Indeed, the company's stock price has suffered badly in recent weeks, due to what the company has branded as "challenging" times for its games on Facebook.
All about unity
Zynga, however, has refused publicly place blame for its recent woes at Schappert's door.
Instead the company has claimed the executive reorganisation which will see CMO David Ko and executive VP Steve Chiang taking on his former responsibilities is part of a wider strategy to refocus its business.
"We can confirm that in order to unify our company around a multiplatform approach, we reorganised our teams in July to integrate web and mobile groups," Zynga said in a statement.
"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."
The news comes as Zynga's share price is hovering around the $3 mark, with the company facing legal challenges owing to alleged insider trading following its IPO at the end of 2011.
You can find out what Pocket Gamer editor in chief Kristan Reed makes of Zynga's long term fortunes here.
[source: Wall Street Journal]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
News
Feb 13th, 2024
Mobile revenue exceeds Take-Two’s expectations, making over $2 billion in nine months
Top Stories
as
News
May 15th, 2024
Nexon banks on $22bn IP Dungeon & Fighter being a mobile hit in China as Q1 revenue declines
as
Feature
3 hours, 4 minutes ago
Honor of Kings set for June 20th global launch after $15 billion+ revenue in China
Feature
May 14th, 2024
Matej Lančarič's Squad Busters deep dive: Under the skin of 2024's biggest launch yet
Events
Mobidictum Meetup Berlin May 2024 | Europe | May 16th |
Valencia Indie Summit 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |