Netflix CFO Wells To Step Down

Netflix CFO David Wells will step down from his role at the company, the streaming giant says.

Wells, who joined Netflix in 2004 when it was still exclusively in the mailed-DVD business, was promoted to CFO in 2010. He will remain with the company until a successor has been selected.

The company says it is considering both internal and external candidates to succeed Wells.

Wells is one of the longest-serving members of the company's senior executive team, and managed the company's financials at it pivoted away from the DVD business  to online streaming of video content. When he joined the company, shares could be purchased for under $3 each. The company's stock price is now close to $350 per share.



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