Wednesday, January 2, 2019

Activision Fires CFO

Santa Monica-based Activision has fired its CFO, saying on December 31st that it has notified its current Chief Financial Officer, Spencer Neumann, that it intends to terminate his employment. According to Activision, the move is "unrelated to the Company's financial reporting or disclosure controls and procedures. " No details of exactly what triggered the termination were announced, however, reports say that Neumann may have been hired away by Netflix. As a result of the firing, Activision said on Tuesday that it has named Dennis Durkin, its Chief Corporate Officer, as its principal financial officer. Durkin had been CFO of the company from March 2012 until May of 2017. Neumann has only been at Activision since May of 2017, and previously had been Chief Financial Officer and EVP of Global Guest Experience at Walt Disney Parks and Resorts; he also had been at Providence Equity Partners and Summit Partners.