Netflix co-founder Reed Hastings to step down as chairman
Hastings set up the company in 1997, when it rented DVDs to customers and delivered by post.
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Notable Quotes
"Netflix changed my life in so many ways, and my all‑time favourite memory was January 2016, when we enabled nearly the entire planet to enjoy our service."
— Reed Hastings , Executive
"We said from the beginning it was a nice to have, not a need to have."
— Ted Sarandos , Executive
"My real contribution at Netflix wasn’t a single decision; it was a focus on member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come."
— Reed Hastings , Executive
"Netflix changed my life in so many ways, and my all‑time favorite memory was January 2016, when we enabled nearly the entire planet to enjoy our service."
— Reed Hastings , Executive
"Reed built a culture of innovation, integrity and high performance that defines who we are today."
— Reed Hastings , Executive
Key People
Greg Peters is a co-CEO of Netflix.
Marc Randolph is a co-founder of Netflix and served as its first chief executive.
Reed Hastings is the co-founder of Netflix who recently stepped down from the board to focus on philanthropy.
Ted Sarandos is the CEO of Netflix.
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All Coverage
Hastings set up the company in 1997, when it rented DVDs to customers and delivered by post.
Reed Hastings, the 65-year-old co-founder of Netflix, announced that he will step down from the company's board when his term ends in June 2026. Hastings played a crucial role in transforming Netflix into one of the most influential media companies globally.
Netflix cofounder and chairman Reed Hastings will step down from the streaming service's board of directors in June when his term expires, the company said on Thursday. Hastings plans to focus on philanthropy and other pursuits.
Reed Hastings, the co-founder and chairman of Netflix, is leaving the company’s board when his term expires this summer. Hastings is stepping aside to focus on philanthropy and other pursuits, the company said in a letter to shareholders.
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