Netflix Names Former Activision Blizzard Exec Spencer Neumann As Its CFO


Netflix has named former Activision Blizzard CFO Spencer Neumann the company’s chief financial officer, succeeding David Wells.

The announcement confirms a Reuters report that the streaming service had poached Neumann from video game publisher, where he held the same post. Neumann also held several senior positions at the The Walt Disney Company.

“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.

Neumann served as Activision Blizzard’s CFO from May 2017. The game publisher filed a document with SEC on Monday saying it had terminated Neumann “for cause” — without specifying the reason.

Before his brief stint at Activision, Neumann held a number of positions of increasing responsibility at Disney, most recently serving as the CFO and executive vice president of global guest experience of Walt Disney Parks and Resorts, from 2012 until May 2017.

From 2005 to 2012, Neumann worked at the private equity firms of Providence Equity Partners and Summit Partners.

Neumann worked twice for Disney, initially joining the company in 1992. He served as executive vice president of the ABC Television Network from 2001 to 2004 and CFO of the Walt Disney Internet Group from 1999 to 2001. He is also a member of the national board of directors of Make-A-Wish America.

The executive holds a B.A. degree in economics from Harvard University and an M.B.A. degree from Harvard University.

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