LOS GATOS, Calif., Jan. 2, 2019 /PRNewswire/ -- Netflix Inc.
announced today that Spencer Neumann
is joining the company as Chief Financial Officer. Neumann is an
accomplished media and financial executive who was most recently
CFO of Activision Blizzard and previously held several senior
positions at the The Walt Disney Company. He succeeds David Wells who served as CFO since 2010.
"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.
Neumann served as Activision Blizzard's CFO from May 2017. Prior to that, Mr. Neumann held a
number of positions of increasing responsibility at The Walt Disney
Company, most recently serving as the CFO and executive vice
president of Global Guest Experience of Walt Disney Parks and Resorts, from 2012 until
May 2017. From 2005 to 2012, Mr.
Neumann worked at the private equity firms of Providence Equity
Partners and Summit Partners. Prior to that, Mr. Neumann held
several other roles with Disney, which he initially joined in 1992,
including executive vice president of the ABC Television Network
from 2001 to 2004 and CFO of the Walt Disney Internet Group from
1999 to 2001. He is also a member of the national board of
directors of Make-A-Wish America. Mr. Neumann holds a B.A. degree
in economics from Harvard University
and an M.B.A. degree from Harvard
University.
About Netflix
Netflix (NASDAQ: NFLX) is the world's leading internet
entertainment service with 130 million paid 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.