![]() “They both have such amazing talents and gifts, and to find a platform where they’ve been able to contribute is fantastic,” Hastings said. On the company’s earnings call, Hastings said the succession plan began to be put in motion about 10 years ago, and was accelerated with their promotions. In connection with the changes, Hastings will take a significant pay cut (from $34.6 million to an estimated $3 million), while Peters will earn an estimated $33.6 million. ![]() 13, with Peters also set to join the board. The company disclosed in a securities filing that Hastings’ shift to executive chairman and Peters’ promotion to co-CEO were effective as of Jan. I am so excited to start this new chapter with Greg as co-CEO.” “Since Reed started to delegate management to us, Greg and I have built a strong operating model based on our shared values and like-minded approach to growth. “I want to thank Reed for his visionary leadership, mentorship and friendship over the last 20 years,” Sarandos said in a statement. In addition, Hastings announced that Bela Bajaria has been promoted to Netflix chief content officer, and Scott Stuber has been named chairman of Netflix Film. This is Reed recognizing that Netflix is more than Reed Hastings, which is admirable for a sector that has let ego get in the way of succession time and again.” ![]() ![]() Netflix is the marrying of content and tech, and it’s important to convey that. “This is the combination of a product person and a tech person in Greg with a content person in Ted. “Reed has been grooming Greg for this job for years,” Lightshed analyst Rich Greenfield says. Peters, in particular, has been taking on additional responsibilities at the company, including three top priorities: the launch of the advertising tier, its gaming efforts, and its coming crackdown on password sharing. Alden Ehrenreich, Phoebe Dynevor's Secret Romance Turns Chaotic in Netflix's Steamy 'Fair Play' Trailer ![]()
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