Spencer Neumann, who on Wednesday was named Netflix Inc.’s new finance chief, joins the video streaming service at a critical juncture in its evolution. Netflix declined to make Mr. Neumann available for comment. Mr. Neumann succeeds longtime Netflix finance chief David Wells, who in August announced plans to resign after 14 years with the company, eight of them as CFO. Mr. Neumann joined the videogame maker in May 2017 under a contract that was due to expire in April 2020, according to a regulatory filing. Mr. Neumann’s compensation also included a $2 million signing bonus that fully vested in May 2018.

Source: Wall Street Journal January 03, 2019 01:40 UTC