The streaming giant says that the move by Ken Barker 'was a personal decision.'
The streaming giant said Friday that Ken Barker, who had joined the company in June, had tendered his resignation effective Oct. 7.
“Mr. Barker’s resignation was a personal decision and is not the result of any disagreement with the Company on any matter relating to the Company’s financials, operations, policies, or practice,” Netflix added in a securities filing. Netflix says that its CFO, Spencer Neumann, will assume the role of the company’s principal accounting officer until it identifies a permanent replacement. The chief or principal accounting officer fills a critical role at any publicly-traded company, overseeing all accounting and financial reporting.The company will be seeking a new CAO at a critical juncture, as it seeks to control costs and jumpstart new revenue streams.
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