Disney Compliance Chief Tasks Said to Move After Schwarz’s Exit

Walt Disney Co. won’t replace chief compliance officer Alicia Schwarz after the world’s largest entertainment company let her go as part of an effort to gain efficiency and boost its financial performance.

Disney general counsel Horacio Gutierrez will take over Schwarz’s duties, according to a person familiar with the matter.

Schwarz and another top legal executive, John Turitzin, chief counsel for Disney’s Marvel Entertainment unit, were among 7,000 job cuts announced last month and implemented starting this week. Turitzin also won’t be replaced because Disney is phasing out the entertainment unit that was headed by Ike Perlmutter.

Disney named ...