Disney’s Chief Compliance Officer Out Amid Layoffs
deadline.comDisney has let go SVP and Chief Compliance Officer Alicia Schwarz, Deadline has learned, amid a major retrenchment at the company.
Her role will be absorbed by Senior Executive Vice President and General Counsel Horacio Gutierrez. She joined the company in 2014 as principal counsel, later serving as Vice President and Assistant General Counsel, as well as Global Deputy Chief Compliance Counsel.
The corporate compliance function oversees compliance with Disney’s global ethics and standards of business conduct and manages regulatory compliance with anti-corruption and trade law.
Disney under chief executive Bob Iger is in the midst of a sweeping overhaul that includes rounds of layoffs – the first starting this week – in a push to cut billions in costs against an uncertain background for media and the broader economy.
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