Netflix cofounder Reed Hastings is stepping down from his role as co-CEO. His handpicked replacement, Greg Peters, will hold the top job alongside co-CEO Ted Sarandos.
“Ted, Greg, and I have been working closely together in different capacities for 15 years,” Hastings wrote in a Thursday blog post announcing the transition. “As is common in long, effective relationships, we’ve all learned how to bring out the best in each other.”
