Netflix Chairman Reed Hastings to Step Down

Netflix founder and CEO Reed Hastings smiles during an interview in Barcelona, Spain, on Feb. 28, 2017. Manu Fernandez/AP PhotoReed Hastings will step down as chairman of Netflix, the streaming giant he co-founded nearly three decades ago, after deciding not to seek reelection to the company’s board when his term expires in June.Netflix announced Hastings’s departure in its April 16 letter to shareholders saying that he wanted to focus on his philanthropy and other pursuits.