Netflix co-founder Reed Hastings steps down as co-CEO
One of streaming's most influential figures is stepping away from the spotlight. Netflix co-creator Reed Hastings isas the company's co-CEO. Ted Sarandos, who has been co-CEO since July 2020, will share the reins with newly promoted operations chief Greg Peters. The change takes effect today. Hastings says he'll remain involved as Executive Chairman, serving as a"bridge" between the board of directors and the new CEOs.
The departing leader characterized the move as a long-expected transition. Sarandos and Peters have"increasingly" managed the company for the past two and a half years, Hastings says. This was merely the"right time" to implement a succession that has been in development for years, he adds.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reed Hastings steps down as Netflix CEO as company posts subscriber gainsHe hands over the reins to longtime partner and co-CEO, Ted Sarandos, and the company's chief operating officer, Greg Peters.
Read more »
Reed Hastings steps down as Netflix CEO, while Q4 subscribers growHastings makes his exit on a high note. Netflix reported it added 7.66 million subscribers in the fourth quarter, beating Wall Street forecasts.
Read more »
Reed Hastings to step down as Netflix co-CEO, stock leaps as subscriber additions beat expectationsNetflix Inc. added more subscribers than expected in the final quarter of 2022, sending shares higher in late trading Thursday even as founder Reed Hastings...
Read more »
Reed Hastings stepping down as Netflix co-CEO to become executive chairmanNEW: Netflix co-founder Reed Hastings is stepping down as co-CEO of the streaming giant, and is moving into a new role as executive chairman, the company announced Thursday.
Read more »
Reed Hastings is stepping down as Netflix’s co-CEOTed Sarandos and Greg Peters are now co-CEOs.
Read more »
Netflix Co-Founder Reed Hastings Transitions to Chairman Role, With Greg Peters Elevated as Co-CEOBreaking: Netflix said Reed Hastings will transition from his role as co-CEO to become executive chairman. The streaming giant added more subscribers than expected last quarter.
Read more »