American Tire Distributors has hired Carol Genis, who for three years led the legal department at Twentieth-Century Fox Television, as its new chief legal officer.
Genis joins American Tire as it recovers in the wake of a recent emergence from bankruptcy.
Genis moved to Twentieth-Century Fox TV in 2017 and helmed its law department during Walt Disney’s $71 billion acquisition of 21st Century Fox Inc.’s entertainment assets in 2019. Assets included Twentieth-Century Fox TV, which was later rebranded as 20th Television.
She is a former K&L Gates partner and managing director at Relativity Media, which has filed for bankruptcy twice in recent years.
Genis will report to CEO Stuart Schuette in her new job at American Tire.
“Carol has a strong background and diverse experience in successfully managing complex legal and business affairs,” Schuette said in a statement. “We’re excited for her to bring her leadership and counsel to further our growth and success.”
American Tire, which says it is the largest wholesale distributor of passenger car and truck tires in the U.S., filed for Chapter 11 bankruptcy protection in 2018, looking to cut approximately $1.1 billion of debt. The company emerged a few months later, but faced struggles earlier this year replacing business it lost during bankruptcy, according to Bloomberg News.
The company’s former legal and compliance chief, Gail Sharps Myers, left earlier in 2020 to become general counsel of Denny’s Corp.
To contact the reporter on this story: Stephanie Russell-Kraft in New York at srussellkraft@gmail.com
To contact the editor on this story:
Chris Opfer in New York at copfer@bloomberglaw.com
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