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.
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.
