Netflix appoints Spencer Neumann as new CFO
Netflix has announced the appointment of Spencer Neumann as its new chief financial officer, succeeding David Wells who held the position since 2010.
Neumann is a well-known media and financial executive who most recently served as CFO of Activision Blizzard, a US-based video game company. Prior to this, he also held numerous senior level roles at the Walt Disney Company.
“Spencer is a stellar entertainment executive and we’re thrilled that he will help us provide amazing stories to people all over the world. I also want to again say thank you to David Wells, on behalf of the company and our shareholders, for his invaluable contributions at Netflix over the past 14 years,” said Reed Hastings, chief executive officer, Netflix.
Neumann’s was CFO at Activision Blizzard from May 2017. While at Disney, he served as CFO and executive vice president of Global Guest Experience of Walt Disney Parks and Resorts, from 2012 until May 2017.
Before that between 2005 and 2012, he worked for private equity firms Providence Equity Partners and Summit Partners. Prior to that, he held several other positions at Disney, which he first joined in 1992. Roles included executive vice president of the ABC Television Network from 2001 to 2004 and CFO of the Walt Disney Internet Group from 1999 to 2001.
“Netflix is a singular brand, and I’m excited and honoured for the opportunity to work with the Netflix team and all of our stakeholders to build on the company’s exceptional track record of success and innovation,” said Neumann.
Neumann is the latest of a number of former Disney execs to join Netflix. Back in September 2018, the company welcomed Christie Fleischer, Disney’s former head of merchandise, as its new global head of consumer products.