Netflix founder Reed Hastings is giving up his CEO role. He will remain at the company as chairman. Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.
Netflix founder Reed Hastings is giving up his CEO role but will stay on as chairman, the company announced alongside its earnings report Thursday.
Co-CEO Ted Sarandos will remain in his position. Greg Peters, most recently chief operating officer, will assume the post of co-CEO in Hastings’ place. Peters will also join the company’s board.
“I want to thank Reed for his visionary leadership, mentorship and friendship over the last 20 years. We’ve all