As Netflix announced its quarterly earnings, co-founder Reed Hastings revealed that after 25 years of running the company that grew from delivering video disc rentals by mail into a streaming behemoth, he is no longer its CEO.
He named content chief Ted Sarandos co-CEO in 2020, and Sarandos will continue on in that role but will now share duties as co-CEO with Greg Peters, Netflix’s former chief operating officer. In other executive moves, Bela Bajaria is now Netflix’s chief content officer, and Scott Stuber has been named the chair of Netflix Film.
Ted & Greg are now co-CEOs. After 15 years together we have a great shorthand & I’m so confident in their leadership. Twice the heart, double the ability to please members & accelerate…