Netflix Installs Electronic Arts Vet Ken Barker In Top Accounting Role, Inheriting Duties From Spencer Neuman, Who Will Remain CFO
deadline.comKen Barker, a 19-year veteran of video game maker Electronic Arts, has been named VP and principal accounting officer at Netflix.The exec will take over the accounting role from Spencer Neumann, who had been handling it along with his duties as the company’s chief financial officer.
Neumann will remain CFO after Barker’s arrival, according to the official announcement of the move.Barker, 55, will start his new position on June 27, reporting to Neumann.From 2003 to 2022, Barker held various positions at EA, most recently as SVP of finance.
From 2003 to 2021, he was the company’s chief accounting officer. Before EA, Barker worked at Sun Microsystems and Deloitte & Touche.In an SEC filing, Netflix said Barker will get an annual base salary of $2.4 million and an annual stock option allowance of $600,000.The exec moves come as Netflix navigates one of the most challenging periods in its 25-year history.
After two straight disappointing quarters and a warning of widening subscriber losses, the company’s market value has plunged to one-third of its level just six months ago.
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