Reed Hastings, co-founder of Netflix, is stepping down as co-CEO of the company
Reed Hastings, one of the co-founders of Netflix, is stepping down from his position as co-CEO of the streaming company. Netflix made the announcement during its earnings call today. Hastings has helped lead Netflix for over two decades, and instead of being a co-CEO he is taking on the role of Executive Chairman, a move Hastings compared to other founders such as Jeff Bezos and Bill Gates.
Hastings continued,"Ted and Greg have developed great trust and respect for each other through their collective successes and failures. In addition, they can always be relied upon to put Netflix's interests first. These qualities — combined with their complementary skill sets, deep knowledge of entertainment and technology, and proven track record at Netflix — create a unique opportunity to deliver faster growth and greater success long term with them as co-CEOs.
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