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Netflix has tapped longtime Electronic Arts finance govt Ken Barker as principal accounting officer, reporting to CFO Spencer Neumann.
Netflix disclosed the choosing of Barker in an SEC submitting Monday. Barker commences at Netflix on June 27.
”Mr. Barker is assuming the purpose of Principal Accounting Officer from Spencer Neumann, who continues to serve as the Company’s Main Economical Officer and Principal Fiscal Officer,” the Netflix submitting states.
Formerly, the principal accounting exec at Netflix was JC Berger, VP of finance and global controller, who worked at the firm for the earlier 15 decades. Berger’s past day at Netflix was June 10.
Barker, 55, arrives from video games firm Digital 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 experienced labored at EA considering the fact that 2003. Prior to signing up for EA, Mr. Barker worked at Sunlight Microsystems as corporate controller and at Deloitte as an audit husband or wife.
Barker joins Netflix as the business has entered into a new — and unfamiliar — period of time of price-reducing. As portion of initiatives to rein in costs, the company previous month laid off 150 workers, largely in the U.S., coming immediately after a trimmed 25 positions in its internet marketing team.
Netflix stunned buyers by reporting a web loss of 200,000 subscribers for the initial quarter, and projected dropping an additional 2 million in Q2. On the streamer’s Q1 earnings interview in April, Neumann claimed the firm would be “responsible in terms of how we take care of the business” and reported “we’re pulling back on some of our commit development across equally written content and non-information invest, but even now escalating our spend and however investing aggressively into that prolonged-phrase option.”
For every Netflix’s submitting, Barker will get an annual base wage of $2.4 million and a $600,000 once-a-year inventory option allowance underneath Netflix’s inventory alternative program.
Barker serves on the board of directors of non-revenue corporation AbilityPath and on the accounting advisory board for the College of Notre Dame. He holds a bachelor’s degree in accounting from Notre Dame.
Neumann, who was formerly CFO of games corporation Activision Blizzard and a former Disney finance exec, was named Netlfix’s CFO in January 2019.
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