Reed Hastings is stepping down as Netflix’s co-CEO

Illustration of the Netflix wordmark on a red and black background.
Nick Barclay / The Verge

As Netflix announced its quarterly earnings, co-founder Reed Hastings revealed that after 25 years of running the company that grew from delivering video disc rentals by mail into a streaming behemoth, he is no longer its CEO.

He named content chief Ted Sarandos co-CEO in 2020, and Sarandos will continue on in that role but will now share duties as co-CEO with Greg Peters, Netflix’s former chief operating officer. In other executive moves, Bela Bajaria is now Netflix’s chief content officer, and Scott Stuber has been named the chair of Netflix Film.

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source https://www.theverge.com/2023/1/19/23560593/netflix-reed-hastings-co-ceo-steps-down

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