Reed Hastings, Netflix co-founder and chairman, will leave the company's board when his term expires this summer. The move is a governance change rather than an operating or financial update, and Hastings said he is stepping aside to focus on philanthropy and other pursuits. The announcement is likely to have limited direct market impact.
Reed Hastings, Netflix co-founder and chairman, will leave the company's board when his term expires this summer. The move is a governance change rather than an operating or financial update, and Hastings said he is stepping aside to focus on philanthropy and other pursuits. The announcement is likely to have limited direct market impact.
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