Zynga chief marketing, revenue officer resigns

Sep 10, 2012

(AP)—Jeff Karp, the chief marketing and chief revenue officer at Zynga, has become the latest executive to leave the struggling online company behind "FarmVille" and other games.

In August, Chief Operating Officer John Schappert left the company after less than a year and a half on the job. Schappert's exit was followed by that of Mike Verdu, the company's chief creative officer.

Karp was hired at Zynga Inc. in August 2011.

Zynga says the groups that Karp oversaw have been moved to other divisions in the company. That means he is not being replaced.

"We are grateful to Jeff for his contributions over the last year and wish him well in his future endeavors," Zynga said in a statement.

Karp will get severance worth three months of his salary and Zynga will accelerate the vesting of 100,000 of stock he has received.

San Francisco-based Zynga's stock closed down 6 cents, or 2 percent, at $2.82 on Monday. The stock is down 72 percent from its December initial public offering price of $10.

Explore further: EU Parliament votes to break up Google

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Chief creative officer leaves Zynga

Aug 29, 2012

Another top Zynga executive has cashed in his chips as the social games company behind "Zynga Poker" and "Farmville" strives to improve its fortunes after a losing fiscal quarter.

Zynga chief operating officer leaves the game

Aug 09, 2012

Zynga's chief operating officer folded his cards on Wednesday, leaving the social games company just as heavyweight Amazon.com steps into the ring and rival Electronic Arts (EA) takes it to court.

Zynga insiders price new stock offering at $12

Mar 29, 2012

(AP) -- Online games company Zynga Inc. said Wednesday that CEO Mark Pincus and other insiders will sell some of their stake at $12 a share, slightly below Wednesday's closing price.

Recommended for you

EU Parliament votes to break up Google

Nov 27, 2014

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

Nov 27, 2014

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

VendicarD
not rated yet Sep 11, 2012
A Fadtabulous company.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.