Netflix names content chief Ted Sarandos as co-CEO

Amy Sussman/Getty Images Longtime Netflix executive Ted Sarandos has been named co-chief executive officer alongside co-founder Reed Hastings, the company announced today as part of its second quarter earnings release on Thursday. “Ted has been my partner for decades. This change makes formal what was already informal — that Ted and I share the leadership of Netflix,” Hastings said in a letter to shareholders. The letter does not state if the move is effective immediately. Hastings added in a blog on the company’s website that he doesn’t expect much to change “in terms of the day-to-day running of Netflix.” Hastings added that “our key executive leadership groups are unchanged,” and he further characterized as the move as “Ted’s well deserved promotion... Continue reading…
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