THENATIONALPULSE (Pulse Wires) - Netflix Co-Founder Reed Hastings Stepping Down After Almost Three Decades.
Reed Hastings, who co-founded Netflix in 1997 and served as its CEO or chairman for almost three decades, will leave the company to focus on "philanthropy and other pursuits" following a failed bid to acquire Warner Bros. The post Netflix Co-Founder Reed Hastings Stepping Down After Almost Three Decades. appeared first on The National Pulse .
Reed Hastings, who co-founded Netflix in 1997 and served as its CEO or chairman for almost three decades, will leave the company to focus on “philanthropy and other pursuits” following a failed bid to acquire Warner Bros. PULSE POINTS WHAT HAPPENED: Netflix co-founder and chairman Reed Hastings announced he will leave the company after nearly 30 years. Hastings, who stepped down as CEO in 2023 to become chairman, will not seek re-election to the board when his current term expires in June 2026. DETAIL: Hastings co-founded Netflix in 1997 and served as CEO from 1999 until 2023, playing a pivotal role in transforming the company into a global streaming giant. Notably, his exit follows Netflix’s failure to acquire Warner Bros., which…Open