Netflix co-founder Reed Hastings plans to leave the company after nearly 30 years. The news comes as part of Netflix’s earnings results released Thursday, which said Hastings, who currently serves as the company’s chairman, “will not stand for re-election to our board when his current term expires at the annual meeting in June.”
After co-founding Netflix in 1997, Hastings served as CEO from 1999 to 2023, when he stepped down and assumed the role of chairman. Hastings said in the release, “My real contribution to Netflix was not any one decision; it was to focus on member happiness, building a culture that others could inherit and improve, and building a company that is beloved by members and hugely successful for generations to come.”
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