After nearly three decades, Netflix founder Reed Hastings is stepping down from the board of directors at the streaming giant.
The exec will focus on his philanthropic efforts and won’t stand for reelection at the Netflix annual meeting in June, the company said on Thursday. While it marks the formal end of an era, Hastings had stepped back from his day-to-day CEO role at the company in 2023 to become executive chairman, elevating Greg Peters and Ted Sarandos as his successors.
“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,” Hastings stated. “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
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