Co-founder Reed Hastings to step down from Netflix board
Chair’s decision to not seek re-election in June ‘not as a result of any disagreement’, company says in SEC filing Netflix chair Reed Hastings is leaving the streaming service he co-founded 29 years ago as the company regains its footing after it lost its $72bn deal for Warner Bros Discovery. In a letter to investors released on Thursday, Netflix said Hastings will not stand for re-election at its annual meeting in June and plans to focus on philanthropy and other pursuits.
Chair’s decision to not seek re-election ‘not as a result of any disagreement’, company says in filing
Reed Hastings, the Netflix chair, is leaving the streaming service he co-founded nearly 30 years ago as the company regains its footing after losing out on a $72bn (£53bn) deal for Warner Bros Discovery.
In a 14-page letter to investors released on Thursday, Netflix said Hastings would not stand for re-election at its annual meeting in June and planned to focus on philanthropy and other pursuits.
Coverage from 3 sources
- Co-founder Reed Hastings to step down from Netflix boardGuardian - World · Dara Kerr and agency · Apr 16, 2026, 8:53 PM
- Nextflix co-founder Reed Hastings to leave streaming serviceGuardian - World · Dara Kerr and Kalyeena Makortoff · Apr 17, 2026, 8:17 AM
- Netflix co-founder Reed Hastings to leave streaming serviceGuardian - World · Dara Kerr and Kalyeena Makortoff · Apr 17, 2026, 8:29 AM
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