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.”

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.

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.

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