Netflix hires former Activision Blizzard CFO Spencer Neumann to be new chief financial officer

Netflix opposition. NFLX, -0.71% has employed former Activation Blizzard opposition. ATVI, +1.80% business executive sociologist Neumann to be its new chief money dealer, the streaming big proclaimed Wednesday. He can succeed David Wells, United Nations agency has served within the position since 2010. The announcement from Netflix comes on the heels of a Monday disclosure by Activision that it was firing Neumann for undisclosed reasons and a Monday Reuters report that Netflix was expected to name Neumann as its new CFO. Activision aforementioned in an exceedingly weekday securities filing that it had been getting to terminate Neumann for cause, however didn’t say what the cause was. The videogame publisher did note that it had been “unrelated to the company’s monetary coverage or revelation controls and procedures.” In 2017, Activision employed Neumann removed from the film producer Co. DIS, -1.01% wherever he was corporate {executive|business executive} associated an executive vp. He at the start joined film maker in 1992. Shares of Netflix have gained thirty one within the past twelve months, whereas shares of Activision have fallen twenty six. The S&P five hundred SPX, +0.36% has fallen seventh whereas the stock market index Industrial Average DJIA, +0.28% has fallen sixth.

 

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