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Netflix CFO To Step Down

Netflix announced on Monday that their Chief Financial Officer, David Wells, will be leaving the company.

Wells had held the role since 2004, two years after the company went public, and will hold onto the position until his replacement can be found.

David had had significant success in the role, which covered content operations and strategic planning. In 2008 he was made vice president of finance planning and analysis.

Commenting on the reason for his departure, Wells said “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”.

Shares fell 1.8 per cent to $339.72 on Monday morning in response to the news.

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