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Evening Standard
Evening Standard
Business
Simon Hunt

Netflix co-founder Reed Hastings quits as CEO as Harry and Megan documentary beats expectations

Reed Hastings Netflix

(Ian West/PA)

(Picture: PA Archive)

The co-founder of Netflix has stepped down as CEO after the company posted an uptick in subscribers.

Reed Hastings, 62, who founded the business in 1997, will be stepping into an Executive Chair role, to be replaced by current co-CEO Ted Sarandos and COO Greg Peters, who were promoted to their roles in 2020.

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