Netflix has a new Co-CEO. Greg Peters, who was previously COO, has been promoted to the role, shared with Ted Sarandos. Bela Bajaria, formerly Head of Global TV, has become Chief Content Officer and Scott Stuber has become Chairman of Netflix Film
Hastings, who co-founded the company, said that the new role is one “founders often take”, referencing Jeff Bezos and Bill Gates, after they “pass the CEO baton to others”.Netflix Beats Q4 Subscriber Growth Target, But Mixed Financial Results Reflect Challenging Environment
Peters joined the company as 2008 and was first International Development Officer before eventually becoming COO in July 2020, three years after assuming the role of Chief Product Officer. He made his bones by piloting the Netflix jump from physical DVDs to streaming and more recently overseeing its move into advertising.
Sarandos said, “I want to thank Reed for his visionary leadership, mentorship and friendship over the last 20 years. We’ve all learned so much from his intellectual rigor, honesty and willingness to take big bets – and we look forward to working with him for many more years to come. Since Reed started to delegate management to us, Greg and I have built a strong operating model based on our shared values and like-minded approach to growth.
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