Trending Now - Reed Hastings to Depart Netflix Board for New Ventures

WHO:

Deadline - Reed Hastings, co-founder and chairman of Netflix

Variety - Reed Hastings, who served as CEO of Netflix for 25 years

WHAT:

Deadline - Reed Hastings is leaving the Netflix board of directors.

Techmeme - Hastings will not stand for re-election to the board.

Variety - Hastings is stepping down to focus on philanthropy and other pursuits.

WHEN:

Techmeme - Hastings' term on the board expires in June 2026.

Variety - The announcement was made in Netflix's Q1 2026 earnings report.

WHY:

Deadline - Hastings stated, “Netflix changed my life in so many ways,” indicating a desire to focus on new ventures.

HOW:

Bloomberg Markets - The announcement was made during the closing bell coverage of the U.S. market.

(UPDATED April 16, 2026 21:13 UTC)

Reed Hastings, co-founder and chairman of Netflix, has announced that he will step down from the board of directors and will not seek re-election when his term expires in June 20th26. This decision was revealed in Netflix's Q1 2026 earnings report, where Hastings expressed his desire to focus on philanthropy and other pursuits, stating, “Netflix changed my life in so many ways.” The announcement was made during the closing bell coverage of the U.S. market.