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Following leadership transitions in June 2025, Reed Hastings became Executive Chairman of Netflix, while Ted Sarandos and Peters were named Co-CEOs. Mertz joined the board.

13 reports, 4 independent Updated Thu 00:00
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What happened

Well supportedReported by 4 independent outlets

Following leadership transitions in June 2025, Reed Hastings became Executive Chairman of Netflix, while Ted Sarandos and Peters were named Co-CEOs. Mertz joined the board.

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How it developed

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  1. Netflix co-CEOs announced layoffs as the company faces slowing user engagement and poor stock performance.1 source
  2. New co-CEO appointments at Netflix.1 source
  3. Reed Hastings steps down as Chairman of Netflix.1 source
  4. Netflix leadership structure shifts: Hastings to Executive Chairman, Sarandos and Peters named Co-CEOs.

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6 more outlets ran the same wire story