Netflix Hires New Accounting Chief

Netflix Hires New Accounting Chief

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Netflix has hired a new govt to oversee its accounting, getting about the accountability from Netflix CFO Spencer Neumann, and effectively succeeding JC Berger, who experienced been the company’s world-wide controller.

Ken Barker, most not too long ago a finance senior vp at video clip activity large Electronic Arts, will turn into Netflix’s “Principal Accounting Officer,” reporting to Neumann, who will continue being the company’s CFO. The corporation disclosed Barker’s selecting in a securities submitting Monday.

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Barker will begin at Netflix on June 27, with the formal title of VP and main accounting officer. Prior to signing up for EA, Barker labored as an govt at Sun Microsystems, and at Deloitte & Touche LLP.

The government joins Netflix at a critical moment for the corporation, specially in two places an accounting govt would be carefully included in: Charges, and revenues.

Netflix has started getting a more careful tactic to fees, instituting layoffs and rethinking spending for sure initiatives, including huge-spending plan movies.

Very last quarter the firm missing subscribers for the very first time in a ten years, sparking broader concern about the streaming ecosystem, with Neumann telling shareholders that the business was having a near glimpse at the place it spends its money.

“We’re striving to be smart about it and prudent in phrases of pulling back on some of that invest expansion to reflect the realities of the income expansion of the organization,” he explained.

Barker, like Neumann, joins Netflix from a video sport business. It’s a history that could appear in handy as the company proceeds to broaden its ambitions in gaming.

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