Zynga Founder Mark Pincus resigns from CPO position

Struggling games company Zynga (s znga) announced more executive shifts Wednesday during its Q1 2014 earnings report, as co-founder and former CEO Mark Pincus will step down from his role as CPO. Pincus moved to the role in 2013 after hiring former Xbox guru Don Mattrick to take the reigns at the company. According to the press release, Pincus will continue his position as Chairman of the Board of Directors. The announcement comes as the company exceeded Wall Street’s dismal expectations for performance for Q1, reporting $168 million in revenue — 38 percent decrease since 2013.