
Bela Bajaria became one of the most powerful women in Hollywood on Thursday. As part of a management shakeup at Netflix, Bajaria, formerly head of global TV, is now the streaming giant’s chief content officer. Co-CEO Ted Sarandos previously held the title since March 2000.
In addition to Bajaria’s appointment, Netflix cofounder Reed Hasting announced he’s stepping down as co-CEO, with chief operating officer Greg Peters taking his place. Hastings will serve as chairman of the board. Scott Stuber, head of global films, was named chairman of Netflix Film.