Netflix Co-Founder Reed Hastings Resigns as CEO

Reed Hastings, one of the founders of Netflix and who has been the co-CEO for a while, announced that he is leaving the post. Netflix’s COO was brought to the vacant seat.

One of the founding partners of Netflix, one of the world’s most popular online TV series and movie platforms. Reed Hastings There has been a remarkable development. The billionaire businessman has officially stepped down from his role as co-CEO at Netflix, which he held with fellow co-founder Ted Satandos. To the vacant seat, the COO of the company Greg Peters was brought.

In a blog post by Reed Hastings himself, the decision was a no surprise expressed. In fact, the reshuffle discussions at Netflix started in 2020, and at that time, it was a part of these discussions. Ted Sarandoswas appointed as co-CEO. Sarandos will continue the next part of his mission with Greg Peters.

Reed Hastings will continue to work for Netflix despite stepping down as CEO

Reed Hastings will continue to be a part of Netflix in the future. Chairman of the Board The businessman, who will serve as the CEO of Netflix, stated that he will continue to help Netflix CEOs and act as a bridge between the board of directors and the CEOs. hastings, charity work He says he will deal with it.


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Meanwhile; With Reed Hastings stepping down as CEO will experience a huge loss of income. let me specify. Hastings, who earned $34.7 million last year according to his data, received a net salary of $500,000 as Chairman of the Board of Directors. $2.5 million stock will win.

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