Reed Hastings steps down as Netflix CEO as company posts subscriber gains

📆 1/19/2023 6:35 PM
📰 Reuters

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

He hands over the reins to longtime partner and co-CEO, Ted Sarandos, and the company's chief operating officer, Greg Peters.

co-founder Reed Hastings announced on Thursday he will step down as chief executive, handing the reins of the streaming service to his longtime partner and co-CEO, Ted Sarandos, and the company's chief operating officer, Greg Peters.

Sarandos and Peters will share the title of chief executives, with Hastings serving as executive chairman. The change is effective immediately, representing the culmination of a decade of succession planning by the board. Both Peters and Sarandos were promoted in July 2020, amid a challenging time for the company.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Hope he remembers to thank Duchess Meghan and Prince Harry

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix founder Reed Hastings stepping down as co-CEO | CNN BusinessNetflix 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. Yay. More democrats being pedophiles It’s a video store Netflix is old fashion. Is Elon buying that too?
Source: CNN - 🏆 4. / 95 Read more »