Netflix Confirms Activision Blizzard's Chief Financial Officer Is Joining The Company

In an SEC submitting the day past, Activision Snow fall introduced that it was once terminating the contract of Spencer Neumann, leader monetary officer “for reason unrelated to the Corporate’s monetary reporting or disclosure controls and procedures.” The corporate has put him on paid depart and put the onus on Neumann to display why he must nonetheless be hired.

Regardless that the cause of Neumman’s departure was once no longer instantly transparent, Reuters is now reporting that Netflix is hiring Neumann to be the streaming massive’s CFO. Ahead of his time at Activision, Neumann served because the CFO of Disney Parks and Lodges department. Netflix showed the appointment on January 2d.

Within the period in-between, leader company place of work Dennis Durkin is filling Neumann’s function, and can take it over if Neumann leaves. Durkin was once the corporate’s CFO till Would possibly 2017 when he assumed his present place.

This shuffling comes at the heels of Activision Snow fall reporting a lack of seven million per month energetic customers (all the way down to 345 million) from the former quarter, and Future 2 no longer acting to the corporate’s expectancies, amongst different monetary issues.

[Source: Activision, Reuters, Variety]

This text has been up to date since its unique posting on December 31 to incorporate details about Neumman’s reported departure to Netflix and Netflix’s affirmation.

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