Going out on top: Netflix co-CEO Reed Hastings QUITS - but will stay on as ... trends now Going out on top: Netflix founder Reed Hastings QUITS co-CEO role - but will stay on as executive chairman - even as streaming giant added more than 7 million NEW subscribers with its lower-cost ad-supported tier By Ross Ibbetson For Dailymail.com Published: 21:23 GMT, 19 January 2023 | Updated: 21:23 GMT, 19 January 2023 Viewcomments Netflix founder Reed Hastings dramatically quit as co-CEO Thursday - going out on top after adding more than 7 million new subscribers with its lower-cost ad-supported tier. Hastings, who spearheaded Hollywood's steaming-first revolution, is moving upstairs as executive chairman while Ted Sarandos and Greg Peters are now the new co-CEOs. In a statement, Hastings, 62, said: 'I'm so proud of our first 25 years, and so excited about our next quarter of a century. We can do so much more to better entertain the world and deliver more joy to our members.' Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility