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Longtime Netflix executive Ted Sarandos has been named co-chief executive officer alongside co-founder Reed Hastings, the company announced today.
“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 in a letter to shareholders. The letter does not state if the move is effective immediately.
Sarandos, who has been with the company for more than 20 years, has long served as chief content officer, a role that has involved overseeing Netflix’s massively successfully originals program starting with series like Orange is the New Black and House of Cards. Since then, Sarandos has transformed the company into one of the biggest power players…