- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2022-10-04T20:05:00
The chief compliance officer of Activision Blizzard, a central figure in the video game developer’s corporate culture scandal, stepped down from her position, according to multiple reports.
Frances Townsend vacated her role Friday but will continue to serve Activision Blizzard as an adviser to the board and Chief Executive Bobby Kotick, according to reports citing an email Kotick shared with staff. To fill the role, Jen Brewer will become the company’s chief ethics and compliance officer, and Luci Altman will be promoted to corporate secretary, the Wall Street Journal reported.
Activision Blizzard did not return a request for confirmation.
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Activision Blizzard will pay $35 million to resolve Securities and Exchange Commission charges it violated federal securities laws by failing to adequately disclose how its ineffective response to workplace complaints was harming its ability to hire and retain skilled employees.
Many chief compliance officers report directly to the board or chief executive officer. But what happens to the CCO when the CEO is the problem? Take Activision Blizzard as an example of what not to do.
Activision Blizzard announced the promotion of Jen Brewer to the role of senior vice president, ethics and compliance amid a series of other measures the embattled company is taking to enhance its culture.
