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September 11, 2012

Zynga loses two more top level executives

Jeff Karp and Allan Leinwand become the latest senior executives to depart

By CBR Staff Writer

Social gaming company Zynga’s chief marketing and revenue officer, Jeff Karp and chief technical officer, Allan Leinwand have resigned from the company, in a latest exodus of top level executives from the beleaguered company.

Karp, who joined Zynga a year ago from Electronic Arts (EA), will continue to provide transition services to the firm through 22 September 2012.

Zynga said, "Jeff Karp is leaving Zynga, and the groups in his organization have been realigned under appropriate existing divisions."

The company’s several executives who have left the company in receent days include chief creative officer Mike Verdu and Alan Patmore, who was general manager of the CityVille game.

In August 2012, Zynga’s COO and director John Schappert had resigned from both positions.

US videogame maker EA had filed a lawsuit against Zynga in August 2012, claiming that its game ‘The Ville’ has illegally copied the some key elements of video game maker’s life simulator ‘The Sims Social’.

EA named Karp and Schappert in the lawsuit and alleged that the executives had access to sensitive design, development, and strategic information about its games before leaving the company to join Zynga.

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Zynga posted a quarterly loss of $22.8m in the second quarter of 2012 and cut its full-year earnings per share forecast.

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