Netflix Co-Founder Reed Hastings to Step Down from Company

Netflix co-founder Reed Hastings is stepping down from the company he co-founded after nearly three decades, focusing instead on philanthropy. His departure marks a transition in leadership as co-CEOs Ted Sarandos and Greg Peters continue to lead the company. Hastings' exit was anticipated after he stepped down as co-CEO in 2023.

By Samantha Masunaga, Stacy Perman Thu, April 16, 2026 at 11:28 PM GMT+3 5 min read · Yahoo Finance · April 16, 2026, 20:28 UTC

Tickers: $NFLX

Topics: corporate leadership executive departure Netflix Reed Hastings

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