https://edition.cnn.com/2023/01/19/media/netflix-earnings-ceo/index.html

Updated 4:11 PM EST, Thu January 19, 2023

New York

CNN

—

Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters.

“Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in a blog post on Thursday. “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 2½ years I’ve increasingly delegated the management of Netflix to them.”

This is a developing story. More to come…

>>18176311

https://en.wikipedia.org/wiki/Reed_Hastings

Wilmot Reed Hastings Jr. (born October 8, 1960)[1] is an American billionaire businessman. He is the co-founder, chairman, and co-chief executive officer (CEO) of Netflix, and sits on a number of boards and non-profit organizations. A former member of the California State Board of Education, Hastings is an advocate for education reform through charter schools.[2]