Ex-Myspace CEO resigns as Zynga executive

(AP) -- Owen Van Natta, the former CEO of Myspace, is stepping down from an executive role at Zynga but will stay on its board of directors.

Van Natta, 41, was chief revenue officer at before he joined in 2009. He was hired at Zynga as executive vice president of business operations in August 2010.

Zynga Inc. said in a regulatory filing Thursday that he will no longer have a role with the company's day-to-day operations.

Of the 6.8 million shares that Van Natta was granted as part of his employment at Zynga, only 2.1 million had vested as of his resignation. This means he forfeits 4.6 million shares before Zynga's of stock.

Zynga is expected to go public by the end of the year.


Explore further

Zynga adding more ways to play games as IPO looms

©2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Ex-Myspace CEO resigns as Zynga executive (2011, November 17) retrieved 15 December 2019 from https://phys.org/news/2011-11-ex-myspace-ceo-resigns-zynga.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments