The Walt Disney Company is parting with Chief Compliance Officer Alicia Schwarz, whose responsibilities will be assumed by General Counsel Horacio Gutierrez, according to a report from Deadline.
Disney did not respond to a request seeking confirmation of the report.
The reported move ends a nine-year tenure for Schwarz at Disney. She started as a principal counsel in 2014 and climbed the ladder to be appointed CCO in 2021.
Gutierrez joined Disney as general counsel in February 2022 after serving as Spotify’s chief legal officer for more than two years. His reported assumption of the CCO responsibilities comes as Bob Iger, Disney’s chief executive officer, announced 7,000 layoffs would begin this week in an internal memo Monday. The impending job cuts were first discussed during a February earnings call.
The layoffs follow the company disclosing a net loss of 2.4 million Disney+ subscribers in its Q1 earnings report.
Schwarz has more than 20 years of experience in compliance, internal audit, and investigations. She was named Compliance Innovator of the Year at Compliance Week’s 2020 Excellence in Compliance Awards.