Ted Sarandos has been promoted at Netflix to co-CEO, sharing the title with Reed Hastings, who also serves as co-founder. Sarandos joins the company’s board of directors as a result.
“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.
Sarandos joined the company in 2000 and has led Netflix’s foray into original content, which has made it a Hollywood power player. He will maintain his title as chief content officer.
