Netflix Founder Reed Hastings Offers Up His Co-CEO Position

Reed Hastings, considered one of Netflix’s founders, is giving up his co-CEO title and transitioning into the function of govt chairman.

The corporate introduced the information in a letter to shareholders together with its This fall earnings on Thursday.

Hastings spent 25 years constructing Netflix into the streaming big it’s at this time, transitioning it from a DVD mail service into a worldwide powerhouse. Greg Peters, Netflix’s chief product and COO, would be the subsequent co-CEO, becoming a member of Ted Sarandos, who has been within the function since 2020.