Netflix co-founder Reed Hastings quits board after building global streaming giant

Reed Hastings, who took Netflix from a DVD mail-order business into a global streaming juggernaut, will step down from the board of the company he co-founded in 1997.

The Netflix board chair said in a letter to shareholders that his decision would allow him to “focus on his philanthropy and other pursuits” when his term ends at the annual meeting in June.