Netflix CFO

Netflix CFO David Wells to step down

Wells intends to resign after helping the company find a successor. The search will include both internal and external candidates, the company said.

external candidates, the company said.

Netflix Inc's Chief Financial Officer David Wells plans to step down, the company said on Monday.

Wells intends to resign after helping the company find a successor. The search will include both internal and external candidates, the company said.

Wells joined Netflix in 2004, two years after the company went public, and has served as CFO since 2010.

The company's shares were down nearly a percent at $342.50 before the bell.

But when contacted a UTI spokeswoman refused to confirm the development saying "there is no official world from the board yet."

The continuance of Puri, who joined the then struggling AMC in 2013 from Warburg Pincus, came under shadow after the domestic investors-- SBI, LIC, PNB and BoB who own the remaining 74 per cent in equally--locked horns with T Rowe Price, following which he refused an extension citing a divided board.

Puri, a dual Masters from Oxford and Cambridge University, has spent over 30 years in the field, joined the found house from Warburg Pincus India where he was the managing director, prior to which a director and senior advisor with McKinsey & Company.

Puri has been on the boards of Infosys, Max New York Life and Max Bupa Health Insurance and Bennett Coleman & Co among others.