The digital broadcasting giant, which has experienced many crises in recent months Netflixchanges in management. co-founder of Netflix and CEO of Reed Hastingsannounced that he will resign from his post. Hasting will remain the company’s chief executive officer. The company’s COO, Greg Peters, will take over as co-CEO and join the board of directors.
Why did Netflix CEO Reed Hastings step down?
CEO Reed Hastings, known as Netflix’s co-founder and one of its key figures, announced his resignation. Currently co-CEO Ted Sarandos will continue to work. Company COO to Hasting’s seat Greg Peters will sit.
Hasting’s latest statement was shared with Netflix’s fourth-quarter report, which showed it met Wall Street investors’ revenue expectations and gained more subscribers than expected. However, it must be said that many things have gone badly for the company in recent months.
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Netflix shared the most watched movies between January 2 and January 8. The production at the top of the list attracted a lot of attention.
Reed Hastings has been at the helm of Netflix since its founding in 1997 and has been instrumental in the company’s growth. Hastings will step down from his role as he tries to increase his subscriber base and recover from a difficult period. However, he shared in the tweet He said he would remain as chief executive officer for many years to come.
Managerial change is not limited to the CEO. Bela Bajaria, the company’s head of global television, will now serve as Chief Content Officer (CFO). In addition, global film president Scott Stuber will join the management as Netflix Film President.
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