Reed Hastings steps down as Netflix CEO after two decades in the job

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co-founder Reed Hastings

announced Thursday that he is leaving his position as CEO of the streaming platform after

to become CEO of the company.

Hastings himself, 62, has pointed out that his two partners,

and

will be the new CEOs of Netflix.

"Ted and Greg are now Co-CEOs. After 15 years together we have great shorthand and I have great confidence in their leadership. Twice the heart, twice the ability to delight members and accelerate growth. Proud to be Executive Chairman for many years," Hastings said in a message on social media.

Likewise, in a statement, Hastings has explained that the

"has been discussing succession planning for many years" and, as part of that process, they promoted him together with Sarandos in July 2020 and Peters as director of operations.

"Both have handled themselves incredibly well, ensuring that Netflix continues to improve and develop a clear path to

our revenue and profit growth. The board and I believe the time is right to complete my succession," he said.

The until now CEO of the platform has shown his confidence in his replacement because of "his qualities, combined with their sets of complementary skills, their deep knowledge of entertainment and technology", in addition to their proven trajectories on Netflix.

This, in his opinion, creates "a

and greater long-term success with them."

In addition, the Board of Directors has also appointed

as Director of Content and

President of Netflix Film.

It's been amazing to see the tremendous strides we've made in television and film under her leadership.

"We start 2023 with renewed momentum as a company and a clear path to accelerate our growth again," he wished.

According to the criteria of The Trust Project

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