Filed under: Netflix, Inc. (NFLX)
Movie rental giant Netflix (NFLX) made some news of note yesterday. First, as my colleague Jon Ogg noted, the stock dropped on concerns that Blockbuster is going to introduce a kiosk plan.
The other major news is that the company’s Chief Financial Officer Barry McCarthy is going to step down effective Friday. McCarthy made the decision in order to pursue “broader executive opportunities” outside the company. Taking over for McCarthy is David Wells, who was the vice president of financial planning and analysis. Wells was responsible for strategic planning, forecasting, and financial analysis.
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Netflix CFO Stepping Down originally appeared on BloggingStocks on Wed, 08 Dec 2010 09:00:00 EST. Please see our terms for use of feeds.
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