The times are a-changing at Netflix.
The streaming service has announced that its Chief Financial Officer, David Wells, will be vacated his position.
The announcement comes after it was revealed last month that stocks were down 11% and that the service had missed its subscriber growth forecast by 1 million.
In spite of this, Netflix still recorded 124 million subscribers worldwide as of the second quarter of 2018.
Wells joined Netflix in 2004 and has served as its CEO since 2010.
“It’s been 14 wonderful years at Netflix, and I’m very proud of everything we’ve accomplished,” he said in a statement “After discussing my desire to make a change with [CEO] Reed (Hastings), we agreed that with Netflix’s strong financial position and exciting growth plans, this is the right time for us to help identify the next financial leader for the company.”
Wells has confirmed that he will stay on until a replacement has been found.
So, for now, you can just (Netflix and) chill.
