Netflix Co-Founder Reed Hastings to Step Down from Board in June

Reed Hastings, a co-founder of Netflix, has announced his decision to depart from the company's board of directors in June 2026. Hastings, who currently serves as chairman, will not seek re-election upon the expiration of his term. He plans to dedicate his efforts to philanthropic endeavors and other ventures, as disclosed in a letter to shareholders accompanying the company's first-quarter earnings report.