Netflix Chief Accounting Officer Departs After Three Months

The streaming big says that the transfer by Ken Barker “was a private resolution.”

Netflix is on the hunt for a brand new chief accounting officer.

The streaming big mentioned Friday that Ken Barker, who had joined the corporate on June 27, had tendered his resignation efficient Oct. 7.

“Mr. Barker’s resignation was a private resolution and isn’t the results of any disagreement with the Firm on any matter referring to the Firm’s financials, operations, insurance policies, or observe,” Netflix added in a securities submitting.

Netflix says that its CFO, Spencer Neumann, will assume the function of the corporate’s principal accounting officer till it identifies a everlasting alternative. The chief or principal accounting officer fills a vital function at any publicly-traded firm, overseeing all accounting and monetary reporting.

Barker had joined Netflix from Digital Arts, the place he was a senior vp.

The corporate will probably be looking for a brand new CAO at a vital juncture, because it seeks to manage prices and jumpstart new income streams. Most notably, Netflix will launch a inexpensive promoting tier within the coming months.

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