Netflix founder Reed Hastings introduced he’s stepping down as his position as CEO.
Hastings mentioned he’ll keep on as government chairman.
Ted & Greg at the moment are co-CEOs. After 15 years collectively we now have an important shorthand & I’m so assured of their management. Twice the center, double the flexibility to please members & speed up development. Proud to function Govt Chairman for a few years to come back https://t.co/oYc0laqMXQ
— Reed Hastings (@reedhastings) January 19, 2023
Netflix founder Reed Hastings is giving up his CEO position however will stay on as chairman, the corporate introduced alongside its earnings report Thursday.
Co-CEO Ted Sarandos will stay in his place. Greg Peters, most just lately chief working officer, will assume the publish of co-CEO in Hastings’ place. Peters can even be a part of the corporate’s board.
“I need to thank Reed for his visionary management, mentorship and friendship over the past 20 years. We’ve all discovered a lot from his mental rigor, honesty and willingness to take huge bets – and we sit up for working with him for a lot of extra years to come back,” mentioned Sarandos in a written assertion.
Hastings co-founded Netflix in 1997. Sarandos was promoted to co-CEO alongside Hastings in July 2020, the identical time that Peters was appointed to his COO position. The corporate didn’t specify whether or not it will backfill the position of COO in its Thursday announcement.
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