Netflix is on the hunt for a new chief accounting officer.
The streaming giant said Friday that Ken Barker, who had joined the company June 27, had tendered his resignation, effective Oct. 7.
“Mr. Barker’s resignation was a personal decision and is not the result of any disagreement with the Company on any matter relating to the Company’s financials, operations, policies, or practice,” Netflix added in a securities filing.
Netflix says that its CFO, Spencer Neumann, will assume the role of the company’s principal accounting officer until it identifies a permanent replacement. The chief or principal accounting officer fills a critical role at any publicly traded company, overseeing all accounting and financial reporting.
Barker had joined Netflix from Electronic Arts, where he was a senior vp.
The company will be seeking a new CAO at a critical juncture, as it seeks to control costs and jumpstart new revenue streams. Most notably, Netflix will launch a less expensive advertising tier in the coming months.
