Reed Hastings, the co-founder and chairman of Netflix, is leaving the company’s board when his term expires this summer. Hastings is stepping aside to focus on “philanthropy and other pursuits,” the company said in a letter to shareholders.
The departure was revealed in the company’s first-quarter earnings report published Thursday. Hastings will officially leave the board when his term is up in June, according to the filing.
Originally reported by TechCrunch
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Netflix co-founder and current chairman Reed Hastings is leaving the streaming company’s board in June to focus on "...