Netflix Poached Activision Blizzard CFO Spencer Neumann

Why was CFO Spencer Neumann Fired?

Activision Blizzard announced that they are letting Chief Financial Officer Spencer Neumann go on Monday. Initially for unspecified reasons. Although the company did make it clear that it is entirely unrelated to their financial problems. Especially since shares of Activision in particular have dropped by 26% in 2018.

Now in an exclusive from Reuters, it appears that the cause of Neumann’s departure is another company entirely. A source familiar with the matter claims that Netflix have given the media finance veteran offers. Furthermore, they will be naming him as new CFO starting early 2019. Thus, his firing for violating legal obligations.

Who is the New CFO of Activision Blizzard?

In the wake of Neumann’s departure, Activision is naming Dennis Durkin in the role of CFO. Company and Industry Veteran, Durkin Has Served with Principle and Integrity on the Executive Leadership Team Since 2012, Most Recently as Chief Corporate Officer.

“Dennis is a leader with unimpeachable integrity and exemplary character who displays impeccable judgment,” said Bobby Kotick, CEO of Activision Blizzard. “We missed having him in a more day-to-day operational and financial role and are glad to have him back as CFO.”

Kotick adds that Durkin’s working relationships within the finance organization will ensure a seamless transition.

Ron Perillo

Disqus Comments Loading...

Recent Posts

Unity Shares an Open Letter To The Community Following Backlash Over Runtime Fees

Unity recently came under fire surrounding the announcement of new runtime fee's going into 2024…

2 hours ago

be quiet! 360mm Pure Loop Intel/AMD CPU Liquid Cooler

Product Overview Pure Loop 360mm is the new impressively high-performing and silent All-in-One water cooling…

3 hours ago

be quiet! Pure Power 12 M 850 Watt PSU/Power Supply

Product Overview Pure Power 12 M 850W is an ATX 3.0 PSU and comes with…

3 hours ago

be quiet! Black Pure Base 500DX Windowed ARGB PC Gaming Case

Product Overview Upgrade your gaming setup with the Pure Base 500DX case from be quiet!…

3 hours ago

Paradox Interactive Announces New Strategy Game to Rival Civilization

Paradox Interactive the company behind some of the most popular strategy games like Hearts of…

3 hours ago

Kingston NV2 1TB M.2 NVMe PCIe 4.0 SSD/Solid State Drive

Product Overview Kingston’s NV2 PCIe 4.0 NVMe SSD is a substantial next-gen storage solution powered…

3 hours ago