Netflix co-founder Reed Hastings stepped down as the company's CEO and handed over the reins to his longtime partner and co-CEO Ted Sarandos and COO Greg Peters. The announcement comes amidst the announcement that Netflix ended last year with over 230 million global subscribers.

Netflix co-founder Hastings steps down as CEO, hands over reins to long-time associates

Greg Peters will be the new chief product officer at Netflix

Netflix?s chief product officer Neil Hunt leaves company after 18 years

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Netflix co-founder Hastings steps down as CEO, hands over reins to long-time associates

Netflix?s chief product officer Neil Hunt leaves company after 18 years