David Wells

Former Chief Financial Officer & Principal Accounting Officer at Netflix, Inc.

David Wells

David Wells

Former Chief Financial Officer & Principal Accounting Officer at Netflix, Inc.

Biography

David Wells has focused the last 20+ years on helping consumer businesses grow and has recently shifted towards helping younger companies and bringing his skills to the NGO and nonprofit world, particularly young enterprise growth in the developing world. He spent nearly 15 years at Netflix, with 8 as its CFO, retiring in early 2019 and having served as VP of Financial Planning and Analysis prior to CFO. Mr. Wells was an integral part of the team that presided over Netflix’s transition to a self-produced content streaming company from a web-enabled DVD-by-mail company, expansion to 190 countries, $12B+ in capital raised, and growth to a $130B+ company during his tenure. Prior to joining Netflix, Mr. Wells served in progressive roles at Deloitte Consulting for 6 years and in the non-profit world before getting his MBA. Mr. Wells joined the Board of public ad tech company, The Trade Desk, in January 2016 and private fintech Transferwise in January 2019. He also serves as an advisor to several growth stage private companies. Mr. Wells holds a joint MBA/MPP Magna Cum Laude from The University of Chicago and a Bachelor's Degree in Commerce from the University of Virginia.

Overview
Career Highlights

Netflix, Inc.

RelSci Relationships

2428

Number of Boards

2

Birthday

1972

Age

48

Relationships
RelSci Relationships are individuals David Wells likely has professional access to. A relationship does not necessarily indicate a personal connection.

Co-Founder at The Trade Desk, Inc.

Relationship likelihood: Strong

Former Manager at Time Warner, Inc.

Relationship likelihood: Strong

Co-Founder at Netflix, Inc.

Relationship likelihood: Strong

CCO at The Trade Desk, Inc.

Relationship likelihood: Strong

Former Chief Marketing Officer at Netflix, Inc.

Relationship likelihood: Strong

President at Flora Family Foundation

Relationship likelihood: Strong

Founder at Innovations for Poverty Action

Relationship likelihood: Strong

Chief Executive Officer & Trustee at Medikidz Foundation

Relationship likelihood: Strong

Founder at eValue AG

Relationship likelihood: Strong

Former Chief Financial Officer & Executive Vice President at Jazz Pharmaceuticals, Inc.

Relationship likelihood: Strong

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David Wells
Former Chief Financial Officer & Principal Accounting Officer at Netflix, Inc.
Education
Master of Public Policy

The University of Chicago's Office of Investments (COI) is responsible for managing the University's investment assets, which includes overseeing the endowment to ensure that it benefits both current and future generations of the University of Chicago. COI oversees the broad investment strategy and provides input to the development of the strategic and tactical investment policies of the University & UCMC endowments, pension plans and self-insurance trust assets. Their strategy combines qualitative and quantitative analysis, seeking to achieve superior investment performance on a risk-adjusted basis.COI's approach seeks to evaluate the investment strategy as an integrated part of the operating plans of the University rather than in isolation and focuses the the University's overall success, not investment returns. The endowment is well-diversified across a variety of asset classes, including global stocks and bonds, real estate, natural resources, private equity, absolute return strategies and protection (tail-hedging strategies). Asset class exposure is achieved primarily by selecting and engaging external managers. COI manages the global macro and the overlay portfolio to ensure that the portfolio's overall positioning is compliance with the endowment's investment guidelines.COI's strategies for investing in the public markets include: Absolute Return, Private Debt, Fixed Income and Credit. and Global Equities.COI's real assets team invests globally in real estate and natural resources using outside managers. The real estate portfolio invests globally in value-added and opportunistic strategies using both private partnerships and public vehicles. The natural resources portfolio invests globally in strategies that include, but are not limited to: oil and gas exploration & production; power generation; infrastructure; timber; mining and minerals; and agriculture.

Undergraduate Degree in English

The University of Virginia (often abbreviated as UVA, UVa, or Virginia) is a public research university in Charlottesville, Virginia, United States. It was conceived and designed by U.S. President Thomas Jefferson, and established in 1819. UVA's initial Board of Visitors included former Presidents of the United States Thomas Jefferson, James Madison, and James Monroe. Monroe owned the initial site of the University, which was mostly farmland. His law office and farmhouse are now the site of Brown College at Monroe Hill, a residential college at UVA. UVA is one of the eight original Public Ivy universities, and it is the only university campus in the United States that is designated a World Heritage Site by UNESCO. In the 2013 edition of U.S. News and World Report's National University Rankings, the school was listed as America's 2nd best public university; tied with UCLA and surpassed only by UC Berkeley.

MBA

The University of Chicago Booth School of Business is a graduate business school located in Chicago, Illinois, at the University of Chicago. Formerly known as the University of Chicago Graduate School of Business, Chicago Booth is the second-oldest business school in the U.S., the first such school to offer an Executive MBA program, and the first to initiate a Ph.D. program in business. The school was renamed in 2008 following a $300 million endowment gift to the school by alumnus David G. Booth. The school has the third-largest endowment of any business school. The school's flagship campus is located in the Hyde Park neighborhood of Chicago on the main campus of the university. The school also maintains additional campuses in London and Asia (originally Singapore, but in July 2013 a move to Hong Kong was announced), as well as in downtown Chicago on the Magnificent Mile. In addition to conducting graduate business programs, the school conducts research in the fields of finance, economics, quantitative marketing research, and accounting. Chicago Booth is currently ranked first in the United States by Bloomberg Businessweek and first globally by the Economist.

Career History
Chief Financial Officer & Principal Accounting Officer
2004 - 2019

Netflix, Inc. is a streaming entertainment service company, which provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting solely of streaming content to its members in the United States. The International Streaming segment includes fees from members outside the United States. The Domestic DVD segment covers revenues from services consisting solely of DVD-by-mail. The company was founded by Marc Randolph and Wilmot Reed Hastings Jr., on August 29, 1997 and is headquartered in Los Gatos, CA.

Engagement Manager & Senior Consultant
1998 - 2004

Deloitte Consulting LLP provides business consulting services. It offers services related to public finance, public sector management, health and social protection, information technology, financial sector, and trade and investment. The company was founded in 1996 and is headquartered in New York, NY.

Transactions
Details Hidden

Netflix, Inc. raised money in a private placement transaction

Public Holdings
Restricted data only for RelSci Professional users.
Events
Speaker
22nd Annual Goldman Sachs Communacopia Conference

Other Affiliations

David Wells is affiliated with Netflix, Inc., Deloitte Consulting LLP

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