Netflix appoints Greg Peters as co-CEO alongside Ted Sarandos with Reed Hastings stepping into Executive Chairman

– USA, CA –  Netflix Inc. (NASDAQ: NFLX) today announced the appointment of current COO Greg Peters as co-CEO alongside Ted Sarandos who has been co-CEO since July 2020.

The information was released on the Netflix website by founder Reed Hastings who will transition to the role of Executive Chairman of the Board of Directors, and dedicate “more time on philanthropy” while “being the bridge from the board to our co-CEOs.

About Greg Peters

Previously his appointment as co-CEO, Greg Peters served as COO and CPO. Earlier, Greg was the International Development Officer for Netflix, responsible for the global partnerships with consumer electronics companies, Internet service providers, and multichannel video programming distributors that enable Netflix to deliver movies and TV shows across a full range of devices and platforms.

Before joining Netflix in 2008, Greg Peters was SVP of consumer electronics products for Macrovision Solutions Corp. and previously held positions at digital entertainment software provider, Mediabolic Inc., Red Hat Network, the provider of Linux and Open Source technology, and online vendor

Greg Peters holds a B.S. degree in physics and astronomy from Yale University. Greg sits on the boards of 2U Inc., a global leader in education technology, and DoorDash, a technology company that connects consumers with their favorite local businesses.

About Ted Sarandos

Ted Sarandos has been co-CEO of Netflix since July 2020. He has been responsible for all content operations since 2000, and led the company’s transition into original content production that began in 2013 with the launch of the series ‘House of Cards,’ ‘Arrested Development’ and ‘Orange Is the New Black,’ among numerous others. Ted Sarandos leads the teams responsible for the acquisition and creation of all Netflix shows and films from around the world such as ‘Stranger Things,’ ‘Squid Game’ (Korea), ‘La Casa de Papel’ (Spain), ‘Sacred Games’ (India), ‘The Witcher’ (Poland), ‘The Crown,’ ‘The Irishman,’ ‘Bird Box,’ ‘Red Notice,’ and the 3-time Academy Award-winning film ‘ROMA’ (Mexico). Ted Sarandos is recognized in the industry as an innovator in film and television acquisition, distribution, and production, and was named one of Time Magazine’s 100 Most Influential People of 2013 and received the Producers Guild of America Milestone Award in 2019.

He is a Henry Crown Fellow at the Aspen Institute and is Chair of the Board of Trustees for the Academy Museum of Motion Pictures, is a trustee of the American Film Institute, and is on the board of Exploring the Arts and Spotify.

About Reed Hastings

Reed Hastings co-founded Netflix in 1997. In 1991, he founded Pure Software, which made tools for software developers. After a 1995 IPO, and several acquisitions, Pure was acquired by Rational Software in 1997. Reed is an active educational philanthropist and served on the California State Board of Education from 2000 to 2004. He is currently on the board of several educational organizations including KIPP and Pahara. Reed is also a board member of The City Fund.

Reed Hastings received a BA from Bowdoin College in 1983, and an MSCS in Artificial Intelligence from Stanford University in 1988. Between Bowdoin and Stanford, Reed served in the Peace Corps as a high school math teacher in Swaziland.

About Netflix

Netflix is the world’s leading internet entertainment service with 130 million memberships in over 190 countries enjoying TV series, documentaries, and feature films across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

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