Chief Commercial Officer Guyardo Leaving Discovery Communications

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Discovery Communications said that Chief Commercial Officer Paul Guyardo would be terminating his employment with the company to pursue other opportunities, effective Dec. 31.

Guyardo previously had been with DirecTV and was a key to Discovery getting into direct to consumer and over-the-top businesses.

Discovery will be treating  Guyardo’s resignation as a termination without cause under his employment agreement, the company said in an SEC filing Thursday.

The company said that Guyardo has agreed to effectuate a smooth transition of his responsibilities, which will be allocated across existing leadership at the company, which is in the process of acquiring Scripps Networks Interactive.

Discovery said it does not plan to appoint another chief commercial officer in the near future.

Related: Discovery Puts Dinnage in Charge of Animal Planet

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.