Netflix chief financial officer resigns
David Wells to leave the company after 14 years to focus more on philanthropy.
- Published by David Knox
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Netflix chief financial officer David Wells has announced plans to leave the company after 14 years.
Wells, who has guided the company through a period of massive growth since 2010, intends to focus more on philanthropy “but I’m not sure yet what that looks like.”
“After discussing my desire to make a change with Reed [Hastings, Netflix’s chairmand and CEO], we agreed that with Netflix’s strong financial position and exciting growth plans, this is the right time for us to help identify the next financial leader for the company,” Wells said.
Hastings, in a statement, said, “David has been a valuable partner to Netflix and to me. He skillfully managed our finances during a phase of dramatic growth that has allowed us to create and bring amazing entertainment to our members all over the world while also delivering outstanding returns to our investors.”
He will will step down after helping the company choose his successor in a search spanning “both internal and external candidates.”
Source: Variety