Netflix, Inc. announced that on January 13, 2023, Reed Hastings was appointed as Executive Chairman of the Board of Directors of the Company, effective immediately. At that time, Mr. Hastings resigned his role as co-Chief Executive Officer and President of the company, but remains an employee of the company in his new role as Executive Chairman. Also on January 13, 2023, Greg Peters, age 52, was appointed as co-Chief Executive Officer of the Company.

Mr. Peters will serve as co-Chief Executive Officer with Ted Sarandos, the Company's co-Chief Executive Officer. Additionally, Mr. Peters has been appointed to the Board and will hold office as a Class I director. He has not yet been appointed to serve as a member of any Board committee.

Both appointments were effective as of January 13, 2023. Mr. Peters brings to the Board a deep understanding of the Company's business, including its technology and worldwide operations, as well as executive leadership experience.