Netflix co-founder Reed Hastings is stepping down as chief executive officer after leading the company for more than two decades. In a blog post, Hastings said he will assume the role of executive chairman.
Netflix Inc. co-founder Reed Hastings is stepping down as chief executive officer after leading the company for more than two decades.
Our board has been discussing succession planning for many years . As part of that process, we promoted Ted to co-CEO alongside me in July 2020, and Greg to Chief Operating Officer – and in the last two and a half years I’ve increasingly delegated the management of Netflix to them. Ted and Greg have developed great trust and respect for each other through their collective successes and failures. In addition, they can always be relied upon to put Netflix’s interests first. These qualities — combined with their complementary skill sets, deep knowledge of entertainment and technology, and proven track record at Netflix — create a unique opportunity to deliver faster growth and greater success long term with them as co-CEOs.
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