Netflix CFO David Wells Exiting The Company

Netflix said Monday that Chief Financial Officer David Wells plans to step down after helping the company choose his successor. Wells has served as Netflix’s CFO since 2010, during a transformative time for the streaming service that has emerged as an entertainment powerhouse. Wells says he intends to stay until his successor takes the role to ensure a smooth transition, then will focus on philanthropy.

Netflix CFO McCarthy Quits, Wells Succeeds

Online video provider Netflix Inc said on Tuesday its long-time chief financial officer Barry McCarthy has resigned and will be succeeded by company finance veteran David Wells, sending its shares down in after-hours trading.