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Strategy

Netflix co-founder Reed Hastings is officially leaving the company

After nearly 30 years steering Netflix from DVD rentals to streaming dominance, co-founder Reed Hastings is exiting the board in June 2026, completing his transition away from the company he built.

Thursday, April 16, 2026 12:00 PM UTC2 MIN READSOURCE: The VergeBY sys://pipeline

Netflix co-founder Reed Hastings is departing from the company's board when his current term expires in June, ending his nearly 30-year tenure. Hastings served as CEO until 2023 before transitioning to chairman. The transition marks a significant leadership change as Netflix continues reshaping its business through pricing increases, expanded gaming offerings, and strategic retreats from acquisition deals.

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