Zynga chief marketing, revenue officer resigns

September 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: Zynga buys Toronto mobile software studio

0 shares

Related Stories

Zynga insiders price new stock offering at $12

March 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.

Zynga chief operating officer leaves the game

August 9, 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.

Chief creative officer leaves Zynga

August 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.

Recommended for you

Inferring urban travel patterns from cellphone data

August 29, 2016

In making decisions about infrastructure development and resource allocation, city planners rely on models of how people move through their cities, on foot, in cars, and on public transportation. Those models are largely ...

How machine learning can help with voice disorders

August 29, 2016

There's no human instinct more basic than speech, and yet, for many people, talking can be taxing. 1 in 14 working-age Americans suffer from voice disorders that are often associated with abnormal vocal behaviors - some of ...

Sponge creates steam using ambient sunlight

August 22, 2016

How do you boil water? Eschewing the traditional kettle and flame, MIT engineers have invented a bubble-wrapped, sponge-like device that soaks up natural sunlight and heats water to boiling temperatures, generating steam ...

1 comment

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.