Netflix Stock: Treasury Official Ettorre Moves to Netflix - Börse Express
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Netflix is bringing on a US Treasury Department employee for its global affairs team. According to media reports yesterday, Eric Ettorre is joining the company as Chief of Staff for Strategy and Operations. The personnel move follows changes at the top of the content division and an announced reduction in staff. For investors, this brings the personnel realignment into sharper focus alongside growth plans. Ettorre serves in the US Treasury Department as Acting Assistant Secretary for International Trade and Development. At Netflix, he is set to take on a role in the global affairs sector. The news thus concerns a different area of responsibility than the changes in the film and content business. On October 15, Netflix appointed Peter Rice as the new head of content. He succeeds Bela Bajaria, who is leaving the company after nearly ten years. Rice previously worked as an executive at Disney. This new appointment is not an isolated event. Netflix announced on October 19 that film chief Dan Lin would also be leaving after almost three years. Reuters reported that Rice is to oversee the film division until a successor is appointed. Thus, his intended responsibility extends beyond succeeding Bajaria. At the same time, Netflix is altering its personnel structure. According to media reports from October 22, California employment filings provide for permanent layoffs of 227...
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