BuzzFeed Top Lawyer Leaving With Compliance Head Set for Job (1)

BuzzFeed Inc.'s chief legal officer Rhonda Powell will step down Jan. 2 after the company successfully fought employee challenges over its turbulent initial public offering last year.

David Arroyo, BuzzFeed’s chief compliance officer and head of litigation, will replace Powell, the media company disclosed in a Monday securities filing. BuzzFeed hired Arroyo in 2019 after he spent 14 years at Scripps Networks Interactive Inc.

BuzzFeed’s share price plunged after the New York-based company went public in December 2021. More than 70 employees alleged that BuzzFeed leaders failed to properly instruct them on how to trade shares immediately after the ...