Netflix has tapped longtime Digital Arts finance govt Ken Barker as principal accounting officer, reporting to CFO Spencer Neumann.
Netflix disclosed the using the services of of Barker in an SEC submitting Monday. Barker starts off at Netflix on June 27.
”Mr. Barker is assuming the purpose of Principal Accounting Officer from Spencer Neumann, who proceeds to serve as the Company’s Main Money Officer and Principal Fiscal Officer,” the Netflix submitting says.
Beforehand, the key accounting exec at Netflix was JC Berger, VP of finance and world controller, who labored at the company for the earlier 15 yrs. Berger’s past working day at Netflix was June 10.
Barker, 55, arrives from video games enterprise Electronic Arts, most a short while ago as senior VP finance considering the fact that August 2021, and as SVP and main accounting officer from June 2003 to August 2021. He had labored at EA given that 2003. Prior to joining EA, Mr. Barker labored at Sun Microsystems as company controller and at Deloitte as an audit spouse.
Barker joins Netflix as the business has entered into a new — and unfamiliar — time period of charge-chopping. As section of endeavours to rein in fees, the organization previous month laid off 150 workers, mostly in the U.S., coming right after a trimmed 25 positions in its marketing and advertising group.
Netflix surprised buyers by reporting a web loss of 200,000 subscribers for the initially quarter, and projected dropping another 2 million in Q2. On the streamer’s Q1 earnings job interview in April, Neumann reported the corporation would be “responsible in terms of how we take care of the business” and mentioned “we’re pulling back on some of our invest growth across each content and non-written content commit, but nevertheless developing our shell out and even now investing aggressively into that extended-phrase option.”
Per Netflix’s submitting, Barker will receive an annual base salary of $2.4 million and a $600,000 annual stock solution allowance beneath Netflix’s stock solution method.
Barker serves on the board of administrators of non-financial gain group AbilityPath and on the accounting advisory board for the College of Notre Dame. He holds a bachelor’s diploma in accounting from Notre Dame.
Neumann, who was beforehand CFO of online games organization Activision Blizzard and a former Disney finance exec, was named Netlfix’s CFO in January 2019.