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Netflix’s Reed Hastings to Become Chairman, Dropping Status as an Executive Director
Netflix founder Reed Hastings has stepped down from his executive chairman role at the streaming service.
Hastings role change was announced in Netflix’s latest quarterly earnings report Thursday. Also included in the financials was the news that Netflix’s longest-standing independent director Tim Haley will not stand for re-election. “For more than 27 years, Tim has been on this journey with us and his counsel and leadership have been a much valued part of our success,” Netflix said in a letter to shareholders.
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