Netflix Founder Reed Hastings , Steps Down As Co-CEO.
CNBC reports that Netflix made the announcement on Jan. 19.
Greg Peters will join Ted Sarandos as co-CEO.
Greg Peters will join Ted Sarandos as co-CEO.
Sarandos issued a statement
about Hastings stepping down.
I want to thank Reed for his visionary leadership, mentorship and friendship over the last 20 years. , Ted Sarandos, Netflix co-CEO, via statement.
We’ve all learned so much from his intellectual rigor, honesty and willingness to take big bets — , Ted Sarandos, Netflix co-CEO, via statement.
... and we look forward to working with him for many more years to come, Ted Sarandos, Netflix co-CEO, via statement.
Hastings took to Twitter to share that he plans to "serve as Executive Chairman for years to come.".
Netflix also revealed its
fourth-quarter earnings report.
The company says it met Wall Street's expectations and added millions more subscribers than anticipated