Netflix Founder Reed Hastings , Steps Down As Co-CEO.br CNBC reports that Netflix made the announcement on Jan. 19.br Greg Peters will join Ted Sarandos as co-CEO.br Greg Peters will join Ted Sarandos as co-CEO.br Sarandos issued a statement br about Hastings stepping down.br I want to thank Reed for his visionary leadership, mentorship and friendship over the last 20 years. , Ted Sarandos, Netflix co-CEO, via statement.br We’ve all learned so much from his intellectual rigor, honesty and willingness to take big bets — , Ted Sarandos, Netflix co-CEO, via statement.br ... and we look forward to working with him for many more years to come, Ted Sarandos, Netflix co-CEO, via statement.br Hastings took to Twitter to share that he plans to "serve as Executive Chairman for years to come.".br Netflix also revealed its br fourth-quarter earnings report.