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Netflix confirms Spencer Neumann's appointment as CFO

Netflix Inc. on Jan. 2 confirmed Spencer Neumann will be the company's new CFO.

Neumann, who was recently fired as CFO by Activision Blizzard Inc. for "violating his legal obligations to the company," will replace longtime Netflix executive David Wells, who announced his departure in August 2018. Activision Blizzard said in an SEC filing the termination was unrelated to the company's financial reporting or disclosure controls and procedures.

Neumann was named Activision Blizzard's CFO in May 2017. Prior to that, he held a number of positions at Walt Disney Co. He was CFO and executive vice president of Global Guest Experience of Walt Disney Parks and Resorts, from 2012 until May 2017.

"Spencer is a stellar entertainment executive and we're thrilled that he will help us provide amazing stories to people all over the world," Netflix CEO Reed Hastings said in a statement.