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Home / Business / David Wells, CFO of Netflix, resigns – Diversity

David Wells, CFO of Netflix, resigns – Diversity



David Wells, a 14-year veteran of Netflix, who has led the company through a period of massive growth since 2010 as Chief Financial Officer, announced plans to leave the company.

Netflix said Wells will resign after helping the company The company chose its successor and announced that finding a new CFO will include "both internal and external candidates". Wells said in a statement that he would focus more on philanthropy after leaving Netflix. But I'm not sure that looks like it. "

" After announcing my wish to change something with Reed [Hastings, Netflix’s chairman and CEO]we agreed that with Netflix 'strong financial position and exciting growth plans, we have the right time to be the next financial leader find the company, "said Wells.

Hastings, in a statement, said," David was a valuable partner to Netflix and me. He has managed our finances during a period of dramatic growth that has allowed us to provide amazing entertainment to our members around the world while providing excellent returns to our investors. "

As CFO, Wells has a debt." As a result, Netflix estimates program costs of $ 8.5 billion (in profit and loss) in 201

8. It was also a key leader in aggressive international expansion Netflix's streaming service to more than 190 countries.

Prior to joining Netflix in 2010, when CFO Barry McCarthy was Chief Financial Officer, Wells served in various roles, most recently as VP of Financial Planning and Analysis. From July 2015 to July 2017, he lived and worked in the Netherlands as part of building Netflix's European operations.

Prior to joining Netflix in 2004, Wells worked for Deloitte Consulting in various functions-profiting world from August 1998 through March 2004, before getting his MBA. Wells holds an MBA and a Masters Degree in Public Policy from the University of Chicago and a Bachelor's Degree in Commerce from the University of Virginia.

Wells is on the board of the Trade Desk, a programmatic advertising platform company, which he joined in January 2016 and chairs both the Audit Committee and the Remuneration Committee.


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