Netflix is expected to announce it has poached Spencer Neumann from Activision Blizzard to be its chief financial officer
On Wednesday Netflix is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer.
Neumann has served in a variety of finance roles, including at Walt Disney Co. He replaces David Wells, who in August said he planned to step down after 14 years at the streaming media giant.
Meanwhile, Activision on Wednesday named Dennis Durkin as CFO in place of Neumann, who was terminated for violating his legal obligations to the company.
The source said Netflix, which is making more of its own films and series, would like its next CFO to be based in Los Angeles with a focus on production finance. Wells is based northern California.
Activision in its regulatory filing said that it intended to terminate Neumann “for cause unrelated to the company’s financial reporting or disclosure controls and procedures.” It said that Neumann had been placed on paid leave.