Reed Hastings steps down as co-CEO of Netflix

After 25 years of helping to build Netflix into the streaming powerhouse that it is today, founder and co-CEO Reed Hastings is stepping down.

In an announcement shared through the company's blog, Hastings announced that starting today, he will step down from the role of CO-CEO and instead, serve as Executive Chairman of the company's Board of Directors. Greg Peters, who has served as the company's Chief Operating Officer for the last two and a half years, is being promoted to co-CEO. Ted Sarandos will remain as co-CEO with Peters.

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The post Reed Hastings steps down as co-CEO of Netflix appeared first on BGR.

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