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Netflix Chief Accounting Officer Ken Barker Resigns After 3 Months In Role; CFO Spencer Newman To Assume Duties During Replacement Search

Y2kTheNewOldies

Y2kTheNewOldies


Ken Barker, the principal accounting officer at Netflix, has resigned from the company just three months after he arrived.

In an SEC filing, the company said Barker submitted his resignation on Thursday. The filing described it as a “personal decision” and emphasized that it was “not the result of any disagreement with the company on any matter relating to the company’s financials, operations, policies, or practices.”

Netflix CFO Spencer Neumann will take on the role of principal accounting officer during the search for Barker’s permanent replacement, the company said.

Barker joined Netflix last June after a 19-year run at Electronic Arts. Before EA, Barker worked at Sun Microsystems and Deloitte & Touche.
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So he took a serious look at the books and said "Holy crap you're in really bad shape, subscriptions are way down since the pandemic, you need to cut costs however and wherever possible. This is not going to be any fun, you're not rebounding from this anytime soon, I'm outta here".
 
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