LOS GATOS, Calif., Aug. 13, 2018 /PRNewswire/ -- Netflix Inc.
announced today that Chief Financial Officer David Wells plans to step down after helping the
company choose his successor. The search will include both internal
and external candidates. Wells, who joined Netflix in 2004 and has
served as CFO since 2010, intends to stay until his successor takes
the role to ensure a smooth transition.
"It's been 14 wonderful years at Netflix, and I'm very proud of
everything we've accomplished," Wells said. "After discussing my
desire to make a change with Reed, we agreed that with Netflix's
strong financial position and exciting growth plans, this is the
right time for us to help identify the next financial leader for
the company. Personally, I intend my next chapter to focus
more on philanthropy and I like big challenges but I'm not sure yet
what that looks like."
"David has been a valuable partner to Netflix and to me. He
skillfully managed our finances during a phase of dramatic
growth that has allowed us to create and bring amazing
entertainment to our members all over the world while also
delivering outstanding returns to our investors," said Reed Hastings, Netflix Chief Executive Officer.
"I look forward to working with him during the transition as we
identify a new CFO who will help us continue to pursue our
ambitious goals."
About Netflix
Netflix (NASDAQ:NFLX) is the world's
leading internet entertainment service with over 130 million
memberships in over 190 countries enjoying TV series, documentaries
and feature films across a wide variety of genres and languages.
Members can watch as much as they want, anytime, anywhere, on any
internet-connected screen. Members can play, pause and resume
watching, all without commercials or commitments.
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SOURCE Netflix, Inc.