Netflix is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, a source familiar with the matter told Reuters.
The company chose to terminate Neumann's contract "for cause unrelated to the Company's financial reporting or disclosure controls and procedures", Activision Blizzard said in US Securities & Exchange Commission filing. In the interim, former CFO Dennis Durkin will be acting CFO and will regain the position permanently if Neumann's firing stands.
Buoyant India thrash Australia by 137 runs in Melbourne
Paceman Jasprit Bumrah finished with 3-53, following his six-wicket first innings haul, and left-arm spinner Ravindra Jadeja 3-82. The wicket triggered bear hugs and backslaps among the Indian side as travelling fans in the sparse crowd roared with joy.
Before working for Activision Blizzard, Neumann held multiple positions at Walt Disney in its theme-park and television divisions.
The company further added that Neumann is on paid leave, and now has the opportunity to 'demonstrate why cause does not exist to terminate his employment or why termination of his employment is not otherwise justified'. "I also want to again say thank you to David Wells, on behalf of the company and our shareholders, for his invaluable contributions at Netflix over the past 14 years". Durkin was CFO from 2012-2017.
Earlier on Monday, Activision Blizzard said in a regulatory filing that it meant to fire Neumann for an unspecified reason.
Gunman in Walmart parking lot kills 7-year-old girl
The sheriff said authorities don't have information that the gunman yelled anything to the victims during the shooting. After the shooting , Washington and her other daughters noticed Jazmine was unresponsive.
News outlets have reported that no start date has been announced.
Shares of Activision fell 1.2 percent to $46.03 in extended trading.
Spacecraft beams back first images of most distant object explored by mankind
The slow data-rates from the Kuiper belt mean it will be fully 20 months before all the information is pulled off the spacecraft. It will take almost two years to beam all of the images and data the piano-sized spacecraft collected back to Earth.