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Netflix Names a New CFO

Today Netflix announced a new Chief Financial Officer (CFO). Spencer Neumann formerly the CFO of Activision Blizzard and past positions with companies like Disney is now the new CFO for Netflix.

“Spencer is a stellar entertainment executive and we’re thrilled that he will help us provide amazing stories to people all over the world,” said Reed Hastings, Netflix Chief Executive Officer. “I also want to again say thank you to David Wells, on behalf of the company and our shareholders, for his invaluable contributions at Netflix over the past 14 years.”

“Netflix is a singular brand, and I’m excited and honored for the opportunity to work with the Netflix team and all of our stakeholders to build on the company’s exceptional track record of success and innovation,” said Spencer Neumann.

This comes as David Wells who has served as CFO for Netflix since 2010 is stepping down. No date has been announced for when Neumann will take over but it is likely to happen soon.

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