Home > Content > Netflix CFO To Step Down

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.

You may also like
Netflix Told To Sell Advertising As Subscriber Numbers Face Pressure
Netflix Scrap 30-Day Free Trial
Big-Tech Tax Gap Hits $100bn As Silicon Six Plead Innocent
Criminals Accessing Netflix Subscription Details Flogged On eBay
Disney+ Failing To Hurt Netflix As Streamers Buy Both