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Netflix Co-Founder Reed Hastings to Depart Board in June 2023

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Reed Hastings, the co-founder and executive chairman of Netflix, will not seek re-election to the board of directors when his term ends in June 2023. This decision follows his transition from co-CEO to executive chairman less than three years ago. Hastings emphasized his commitment to fostering a culture of 'member joy' and ensuring Netflix remains a beloved and successful company for future generations. His departure comes shortly after Netflix withdrew from a bidding war for Warner Bros. Discovery, marking a significant shift in the company's strategic direction. Hastings plans to focus on philanthropy and other personal pursuits moving forward.

Key Details: • Hastings' term ends in June 2023; he will not seek re-election. • He previously stepped down as co-CEO less than three years ago. • Netflix recently exited the bidding for Warner Bros. Discovery.

business leadership entertainment netflix philanthropy

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Warner Bros. DiscoveryNetflixTed SarandosGreg PetersReed Hastings

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