Netflix is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, a source familiar with the matter told Reuters. Neumann will start at Netflix in early 2019, the report said.
Activision Blizzard said in a regulatory filing that it intended to fire Neumann for an unspecified reason. The decision was "for cause unrelated to the company’s financial reporting or disclosure controls and procedures", it said, adding that Neumann had been placed on paid leave.
Neumann has served in a variety of finance roles including at Walt Disney Co. He replaces David Wells, who in August said he planned to step down after 14 years at Netflix.
