UPDATE: Netflix says principal accounting officer Ken Barker is resigning effective Oct. 7 after less than four months

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Netflix Inc. NFLX, -4.49% said Friday its principal accounting officer Ken Barker has submitted his resignation effective Oct. 7, meaning he is leaving his role less than four months after taking it up. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, -1.52%, where he was senior vice president finance. In a regulatory filing, the streaming giant said the move is a personal decision and is “not the result of any disagreement with the company on any matter relating to the company’s financials, operations, policies, or practices.” It named Chief Financial Officer Spencer Neumann as principal accounting officer while it conducts a search for a replacement for Barker. Shares were down 2.3% Friday and have fallen 62% in the year to date, while the S&P 500 SPX, -1.72% has fallen 21%.

This article was originally published by Marketwatch.com. Read the original article here.

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