Paul Guyardo, Discovery Communications's chief commercial officer, will be terminating his employment with the company to pursue other opportunities, effective Dec. 31, the programmer said.
Guyardo previously had been with DirecTV and was a key to Discovery getting into direct-to-consumer and over-the-top businesses.
Related: Discovery Puts Numbers on Direct-to-Consumer Business
Discovery will be treating Guyardo’s resignation as a termination without cause under his employment agreement, the company said in an SEC filing Thursday (Nov. 16).
The company said 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.
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