Sony Pixel Power calrec Sony

Ted Sarandos and Greg Peters Are Now Co-CEOs of Netflix, With Reed Hastings as Executive Chairman

19/01/2023

Back to All News

Ted Sarandos and Greg Peters Are Now Co-CEOs of Netflix, With Reed Hastings as Executive Chairman

Reed Hastings

Founder and Executive Chairman

Business

19 January 2023

Global

I'm so proud of our first 25 years, and so excited about our next quarter of a century. We can do so much more to better entertain the world and deliver more joy to our members.

Our board has been discussing succession planning for many years (even founders need to evolve!). As part of that process, we promoted Ted to co-CEO alongside me in July 2020, and Greg to Chief Operating Officer - and in the last 2 years I've increasingly delegated the management of Netflix to them.

It was a baptism by fire, given COVID and recent challenges within our business. But they've both managed incredibly well, ensuring Netflix continues to improve and developing a clear path to reaccelerate our revenue and earnings growth. So the board and I believe it's the right time to complete my succession.

Starting today, Greg Peters will step up from COO to become Ted's co-CEO. Going forward, I'll be serving as Executive Chairman, a role that founders often take (Jeff Bezos, Bill Gates, etc.) after they pass the CEO baton to others. Ted, Greg and I have been working closely together in different capacities for 15 years. As is common in long, effective relationships, we've all learned how to bring out the best in each other. I look forward to working with them in this role for many years to come.

Ted and Greg have developed great trust and respect for each other through their collective successes and failures. In addition, they can always be relied upon to put Netflix's interests first. These qualities - combined with their complementary skill sets, deep knowledge of entertainment and technology, and proven track record at Netflix - create a unique opportunity to deliver faster growth and greater success long term with them as co-CEOs.

Looking back, Ted had the early foresight and skill to push into original programming, changing our trajectory as a company. He then moved quickly to expand into international originals, film, animation, and unscripted - bets that have helped broaden our content slate and which took courage given all the skepticism. Greg has been instrumental in driving our partnerships, building and launching advertising, pushing us into deeper personalization, rebuilding our talent organization and helping to strengthen our culture. He also spent several years in Japan, launching our early efforts in Japanese originals as the country's general manager, and is currently building out our games initiative.

For myself, I'll be helping Greg and Ted, and, like any good Chairman, be a bridge from the board to our co-CEOs. I'll also be spending more time on philanthropy, and remain very focused on Netflix stock doing well.

Also, today, we have made Bela Bajaria Chief Content Officer and Scott Stuber Chairman of Netflix Film. It's been amazing to see the enormous strides we've made across TV and film under their leadership.

We start 2023 with renewed momentum as a company and a clear path to reaccelerate our growth. I'm thrilled about Ted and Greg's leadership, and their ability to make the next 25 years even better than the first.

Here's to the next chapter of Netflix and our leadership. -Reed Hastings
LINK: https://about.netflix.com/en/news/ted-sarandos-greg-peters-co-ceos-net...
See more stories from netflix

More from Netflix

11/07/2025

'Too Hot to Handle: Italy' Is Coming on July 18 Only on Netflix

Back to All News Too Hot to Handle: Italy Is Coming on July 18 Only on Netflix Entertainment 11 July 2025 GlobalItaly Link copied to clipboard July 11, 20...

11/07/2025

Netflix Will Release 'Death Inc.' Seasons 1, 2 and 3

Back to All News Netflix Will Release Death Inc. Seasons 1, 2 and 3 Entertainment 11 July 2025 GlobalSpain Link copied to clipboard Season 1 Season 2 Se...

10/07/2025

Netflix Presents the Official Trailer for 'Superestar'

Back to All News Netflix Presents the Official Trailer for SuperestarPlay Video Play Video Entertainment 10 July 2025 GlobalSpain Link copied to clipboard...

10/07/2025

Bringing Culture Into Focus on My Brilliant Career': First Nations Voices Reshaping Storytelling on Set

Back to All News Bringing Culture Into Focus on My Brilliant Career': Firs...

09/07/2025

Netflix Has Released the Trailer for 'Letters From the Past,' Sparking Curiosity With Its Cast and Compelling Story

Back to All News Netflix Has Released the Trailer for Letters From the Past, Sp...

09/07/2025

Netflix Announces the Start of Filming for 'Aquel,' the New Series Based on Raphael's Life

Back to All News Netflix Announces the Start of Filming for Aquel, the New Seri...

09/07/2025

Netflix Set to Adapt Solo Leveling' Into Korean Live-Action Series Starring Byeon Woo-seok

Back to All News Netflix Set to Adapt Solo Leveling' Into Korean Live-Acti...

08/07/2025

Lust. Betrayal. Obsession. 'Fatal Seduction' Returns with a Smouldering Cast This August

Back to All News Lust. Betrayal. Obsession. Fatal Seduction Returns with a Smou...

08/07/2025

'The Monster of Florence': The Four-Episode TV Series Directed by Stefano Sollima Is Coming Only on Netflix on October 22

Back to All News The Monster of Florence: The Four-Episode TV Series Directed b...

08/07/2025

Shooting of '53 Sundays', Cesc Gay's New Project, Is Finished

Back to All News Shooting of 53 Sundays, Cesc Gays New Project, Is Finished Entertainment 08 July 2025 GlobalSpain Link copied to clipboard Download the f...

07/07/2025

Vir Das Finds His Voice Again in Netflix's 'Fool Volume', Promising Wit, Wisdom, and Worldwide Laughs

Back to All News Vir Das Finds His Voice Again in Netflix's Fool Volume, Pr...

07/07/2025

The Long-Awaited Trailer is Here: Alice in Borderland' Season 3 Premieres September 25

Back to All News The Long-Awaited Trailer is Here: Alice in Borderland' Se...

07/07/2025

Anime for Every Fan: Fueling a New Era of Global Storytelling

Back to All News Anime for Every Fan: Fueling a New Era of Global Storytelling Entertainment 07 July 2025 GlobalUnited StatesJapan Link copied to clipboard...

07/07/2025

'She Walks in Darkness', Agustn Daz Yanes' New Film, Premieres on Netflix on October 17

Back to All News She Walks in Darkness, Agust n D az Yanes New Film, Premieres ...

05/07/2025

'Superestar,' the Story of a Star Who Never Changed. Premiering July 18

Back to All News Superestar, the Story of a Star Who Never Changed. Premiering July 18 Entertainment 05 July 2025 GlobalSpain Link copied to clipboard Dis...

03/07/2025

Netflix Announces the Premiere of 'I'm Still a Superestar,' a Documentary about Tamarism. Premiering July 18

Back to All News Netflix Announces the Premiere of Im Still a Superestar, a Doc...

03/07/2025

Get Ready for Even More Action! Netflix Has Confirmed the Third Season of the Brazilian Original Series 'Criminal Code'

Back to All News Get Ready for Even More Action! Netflix Has Confirmed the Thir...

03/07/2025

Get ready for even more action! Netflix has confirmed the third season of the Brazilian original series Criminal Code

Back to All News Get ready for even more action! Netflix has confirmed the thir...

01/07/2025

A Line Crossed: Netflix Drops Explosive Trailer for New Series, 'Marked'

Back to All News A Line Crossed: Netflix Drops Explosive Trailer for New Series, MarkedPlay Video Play Video Entertainment 01 July 2025 GlobalSouth Africa ...

01/07/2025

Neil Patrick Harris to Host 'What's In The Box' - A Bold New Game Show Coming to Netflix

Back to All News Neil Patrick Harris to Host What's In The Box - A Bold New...

01/07/2025

Feel the Beat: Glass Heart' Main Trailer and Title Song Revealed

Back to All News Feel the Beat: Glass Heart' Main Trailer and Title Song RevealedPlay Video Play Video Entertainment 01 July 2025 GlobalJapan Link co...

01/07/2025

Watch: A Line Crossed: Netflix Drops Explosive Trailer for New Series, 'Marked'

Back to All News Watch: A Line Crossed: Netflix Drops Explosive Trailer for New...

30/06/2025

NASA+ Is Coming to Netflix This Summer

Back to All News NASA Is Coming to Netflix This Summer Entertainment 30 June 2025 GlobalUnited States Link copied to clipboard NASA and Netflix are teami...

30/06/2025

Netflix Releases Trailer for Petra Costa's New Documentary 'Apocalypse in the Tropics,' Premiering on July 14

Back to All News Netflix Releases Trailer for Petra Costas New Documentary Apoc...

30/06/2025

Netflix releases trailer for Petra Costa's new documentary Apocalypse in the Tropics, premiering on July 14

Back to All News Netflix releases trailer for Petra Costas new documentary Apoc...

30/06/2025

Beln Cuesta and Karra Elejalde Star in 'El nio', the New Film by Mariano Barroso

Back to All News Bel n Cuesta and Karra Elejalde Star in El ni o, the New Film ...

30/06/2025

A New Dangerous Troll Awakens: Netflix Unleashes Teaser for 'Troll 2'

Back to All News A New Dangerous Troll Awakens: Netflix Unleashes Teaser for Troll 2Play Video Play Video Entertainment 30 June 2025 GlobalNorwayDenmarkSwe...

29/06/2025

A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment's 'Mandala Murders' Premieres July 25

Back to All News A Secret Society, Ritualistic Killings, and a Century-Old Curs...

27/06/2025

Let the Final Games Begin With Squid Game' Season 3 Complete Coverage Guide

Back to All News Let the Final Games Begin With Squid Game' Season 3 Complete Coverage Guide Entertainment 27 June 2025 Global Link copied to clipboar...

27/06/2025

'Squid Game: Unleashed': Celebrate the Epic Series Finale With New Games, Characters and Rewards

Back to All News Squid Game: Unleashed: Celebrate the Epic Series Finale With N...

25/06/2025

'It's Worth It by Dani Rovira' Arrives at Netflix on July 11th

Back to All News Its Worth It by Dani Rovira Arrives at Netflix on July 11thPlay Video Play Video Entertainment 25 June 2025 GlobalSpain Link copied to cl...

25/06/2025

Step Into the Game IRL With 'Squid Game' Season 3-Inspired Products, Games and Experiences as the Global Phenomenon Returns June 27

Back to All News Step Into the Game IRL With Squid Game Season 3-Inspired Produ...

25/06/2025

Teaser for Action Thriller Series Trigger' Unleashes Tension as Firearms Surface in a Gun-Free Nation - Premieres July 25

Back to All News Teaser for Action Thriller Series Trigger' Unleashes Tens...

25/06/2025

Love, Conflict and Family Drama: Netflix Drops The Trailer For Aap Jaisa Koi' - a Melodic and Visual Masterpiece

Back to All News Love, Conflict and Family Drama: Netflix Drops The Trailer For...

25/06/2025

The Ripple Effect of K-Content: How Netflix Viewers Are Embracing Korean Culture

Back to All News The Ripple Effect of K-Content: How Netflix Viewers Are Embracing Korean Culture A giant Young-hee presides over the Red Light, Green Light g...

23/06/2025

'Squid Game' By the Numbers: How Player 456 Took Over the World

Back to All News Squid Game By the Numbers: How Player 456 Took Over the World From left to right: Park Sung-hoon, Kang Ae-shim, Lee Jung-jae, Hwang Dong-hyuk...

22/06/2025

'Fall For Me' - Erotic Summer Drama by Sherry Hormann Starts August 21

Back to All News Fall For Me - Erotic Summer Drama by Sherry Hormann Starts August 21 Netflix / Julia Terjung Entertainment 22 June 2025 GlobalGermany L...

22/06/2025

Wall to Wall': Gripping Thriller Set in an Apartment Complex Premieres on July 18

Back to All News Wall to Wall': Gripping Thriller Set in an Apartment Comp...

20/06/2025

Turn Your Netflix to "Fool" Volume: Vir Das Drops a New Special on July 18!

Back to All News Turn Your Netflix to "Fool" Volume: Vir Das Drops a New Special on July 18! Entertainment 20 June 2025 GlobalIndia Link copied to clipboar...

19/06/2025

A Father. Two Kids. And the Videos She Left Behind. 'Catalog' to Premiere on Netflix on July 17

Back to All News A Father. Two Kids. And the Videos She Left Behind. Catalog to...

18/06/2025

'Fria', the New Netflix Series Starring Vinicius Neri, Fabio Lago and Alice Carvalho, Starts Shooting in Rio de Janeiro

Back to All News F ria, the New Netflix Series Starring Vinicius Neri, Fabio La...

18/06/2025

One Man Against All Odds: Ziam' Trailer Teases Thrilling Thai Martial Arts Zombie Combat

Back to All News One Man Against All Odds: Ziam' Trailer Teases Thrilling ...

17/06/2025

WIF Welcomes 2025 Fellowship Class

Back to All News WIF Welcomes 2025 Fellowship Class WIF 2025 Fellows Class Photo Social Impact 17 June 2025 United States Link copied to clipboard Today,...

17/06/2025

'My Brilliant Career' Series Adaptation Now in Production in South Australia for Netflix

Back to All News My Brilliant Career Series Adaptation Now in Production in Sou...

17/06/2025

Netflix And TF1 Group Join Forces To Bring TF1 To Netflix Members In France

Back to All News Netflix and TF1 Group Join Forces to Bring TF1 to Netflix Members in France Entertainment 17 June 2025 GlobalFrance Link copied to clipbo...

17/06/2025

'Two Graves' Arrives on Netflix on August 29

Back to All News Two Graves Arrives on Netflix on August 29 Entertainment 17 June 2025 GlobalSpain Link copied to clipboard Download the first images Net...

12/06/2025

'Brick': No Way Out - Mystery Thriller With Matthias Schweighfer, Ruby O. Fee and Frederick Lau

Back to All News Brick: No Way Out - Mystery Thriller With Matthias Schweigh fe...

12/06/2025

Irresistibly Cute Trailer for My Melody & Kuromi' Unveils a Stop-Motion Adventure Through Mariland, Premiering July 24

Back to All News Irresistibly Cute Trailer for My Melody & Kuromi' Unveils...

12/06/2025

Netflix Gets Animated at Annecy!

Back to All News Netflix Gets Animated at Annecy! Top row from left to right: Fixed (Film), In Your Dreams (Film), Long Story Short (Series) Bottom row from ...