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Reed Hastings, co-founder and co-CEO of Netflix, is stepping down as chief executive officer. He will remain executive chairman of the company.
Ted Sarandos, chief content officer, and Greg Peters, chief product officer and formerly COO, will now serve as co-CEOs, Hastings said in a tweet.
“Ted & Greg are now co-CEOs. After 15 years together we have a great shorthand & I’m so confident in their leadership. Twice the heart, double the ability to please members & accelerate growth. Proud to serve as Executive Chairman for many years to come,” Hastings tweeted.
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The announcement came as Netflix was set to report Q4 2022 earnings Thursday.
More to come
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