Netflix has hired Ken Barker, a former government of Digital Arts, Inc., to provide as its principal accounting officer and acquire about accounting responsibilities from Spencer Neumann, who is remaining the streamer’s CFO and principal fiscal officer.
Barker was hired on Friday and his appointment was disclosed in a securities submitting to the SEC on Monday. He will start out in his job on June 27 and report to Neumann. Barker will take in excess of the part that JC Berger has held for the previous 15 a long time, wherever he served as Netflix’s worldwide controller.
From June 2003 to June 2022, Mr. Barker served in many roles at EA, most not long ago as SVP Finance from August 2021, and SVP, main accounting officer from June 2003 to August 2021. Prior to signing up for Electronic Arts, Mr. Barker was at Solar Microsystems, Inc., as its Vice President, Company Controller, and at Deloitte & Touche LLP as an audit companion.
Barker serves on the board of directors of AbilityPath, a non-financial gain business, and on the Accounting Advisory Board for the College of Notre Dame. He also holds a B.A. in Accounting from the University of Notre Dame.
Netflix in its Q1 earnings report previously this yr reported its initially-at any time loss of subscribers, dropping by 200,000, and even projected getting rid of an additional 2 million subscribers, which despatched the streamer’s stock plummeting. As a consequence, Netflix brass hinted at a crackdown on password sharing as effectively as the introduction of an advertisement-supported, more cost-effective pricing tier, which could now arrive on Netflix by the finish of this yr. Past month, the streamer also announced layoffs of 150 U.S. dependent personnel throughout its information and government ranks.