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Former U.S. Steel compliance officer joins Manatt

Scuttlebutt | April 2, 2019

Suzanne Rich Folsom, formerly chief compliance officer at U.S. Steel, has joined the multi-disciplinary, integrated national professional services firm of Manatt, Phelps & Phillips as a partner in its government and regulatory group.

Folsom brings with her broad international corporate governance expertise and a successful track record leading the transformation of public and private companies during periods of heightened regulatory attention. Recognized as a data privacy trailblazer, Folsom regularly develops cyber-security initiatives aimed to boost organizations’ data compliance controls and programs. A proven member of highly successful C-suite executive management teams and a trusted advisor to boards, Folsom is a respected thought leader on governance, compliance, cyber and diversity issues.

Prior to joining Manatt, Folsom was general counsel, chief compliance officer and SVP-government affairs at the iconic U.S. Steel. While there, she played a critical role in the company’s overarching business transformation and was one of the primary architects of a successful international trade campaign for the steel industry; simultaneously, she was responsible for the operational performance of the company’s real estate division. Most recently, she has served as senior advisor to technology startups, providing governance, legal, regulatory and compliance guidance.

Previously, as EVP, general counsel and chief compliance officer, Folsom partnered with Quinn in turning around critical national security services provider ACADEMI, the company formerly known as Blackwater. Also, as vice president, chief regulatory and compliance officer, and deputy general counsel at American International Group (AIG), Folsom played an instrumental role in stabilizing the company during the financial crisis.

Earlier, she served as counselor to the president and director of the Department of Institutional Integrity at the World Bank, where she was responsible for the multilateral organization’s anti-corruption program. Folsom is also the former private secretary to the Queen of the Hashemite Kingdom of Jordan.