Netflix Hires EA Exec Ken Barker as Principal Accounting Officer

Netflix Hires EA Exec Ken Barker as Principal Accounting Officer

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Netflix has tapped longtime Electronic Arts finance executive Ken Barker as principal accounting officer, reporting to CFO Spencer Neumann.

Netflix disclosed the employing of Barker in an SEC filing Monday. Barker starts at Netflix on June 27.

”Mr. Barker is assuming the part of Principal Accounting Officer from Spencer Neumann, who carries on to serve as the Company’s Main Financial Officer and Principal Financial Officer,” the Netflix filing suggests.

Formerly, the primary accounting exec at Netflix was JC Berger, VP of finance and international controller, who labored at the corporation for the previous 15 decades. Berger’s past working day at Netflix was June 10.

Barker, 55, comes from games organization Digital Arts, most not too long ago as senior VP finance given that August 2021, and as SVP and chief accounting officer from June 2003 to August 2021. He experienced labored at EA considering the fact that 2003. Prior to signing up for EA, Mr. Barker worked at Solar Microsystems as corporate controller and at Deloitte as an audit partner.

Barker joins Netflix as the company has entered into a new — and unfamiliar — time period of value-reducing. As portion of initiatives to rein in fees, the business previous thirty day period laid off 150 workforce, typically in the U.S., coming just after a trimmed 25 positions in its marketing team.

Netflix surprised buyers by reporting a net loss of 200,000 subscribers for the 1st quarter, and projected dropping a different 2 million in Q2. On the streamer’s Q1 earnings job interview in April, Neumann reported the company would be “responsible in conditions of how we handle the business” and reported “we’re pulling back on some of our expend expansion across both equally written content and non-content spend, but nevertheless rising our commit and nonetheless investing aggressively into that prolonged-term option.”

For every Netflix’s submitting, Barker will get an once-a-year base income of $2.4 million and a $600,000 once-a-year inventory selection allowance below Netflix’s stock choice software.

Barker serves on the board of directors of non-revenue organization AbilityPath and on the accounting advisory board for the College of Notre Dame. He holds a bachelor’s degree in accounting from Notre Dame.

Neumann, who was earlier CFO of games organization Activision Blizzard and a previous Disney finance exec, was named Netlfix’s CFO in January 2019.

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