internal
Ted Sarandos
Co-Chief Executive Officer and President
Executive
5 yr
24 reports
Leadership change Reed Hastings departed as Co-CEO (from Co-CEO) · DEF 14A 2024
Netflix, Inc. ·NFLX
Two co-CEOs run Netflix without a COO layer
Media · Fortune #116 · Functional structure · 14K employees · Los Gatos, CA
View as of:
4
CEO span
↓ tighter than peers (avg 10)
2.6
Avg span
moderate
4
Max depth
4 levels
6.1 yr
Avg tenure
↓ 1.1yr from FY2024
71%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$45.2B
Operating income
$13.3B
Net income
$11.0B
Total assets
$55.6B
Shares out
4.22B
Sourced from Netflix, Inc. DEF 14A · filed 2026-04-16 ↗ View on SEC
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Netflix, Inc. organizational chart
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Netflix operates with two co-CEOs and no COO, an unusually flat structure for a $45B media company. This page maps Netflix’s functional leadership model, executive team, and reporting lines, with analysis of span, depth, recent leadership changes, and peer comparisons.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Reed Hastings departed as Director
Informed company on April 10, 2026 of decision not to stand for re-election at 2026 annual meeting.
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO reporting to the co-CEOs to absorb operational complexity as scale and regulatory burden increase.
- Split Content into US and International Separate U.S. and International Content under distinct presidents to reduce span of control under the Chief Content Officer.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
- Connect Salesforce Map your target accounts like this. Import contacts, visualize decision chains, plan multi-threading.
- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
9 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Greg Peters
Co-Chief Executive Officer and President
Executive
3 yr
15 reports
internal
Bela Bajaria
Chief Content Officer
Content
4 yr
3 reports
Spencer Neumann
Chief Financial Officer
Finance
7 yr
3 reports
internal
Eunice Kim
Chief Product Officer
Product
3 yr
3 reports
internal
Elizabeth Stone
Chief Technology Officer
Technology
2 yr
3 reports
internal
David Hyman
Chief Legal Officer
Legal
22 yr
1 reports
Clete Willems
Chief Global Affairs Officer
Global Affairs
1 yr
1 reports
internal
Marian Lee
Chief Marketing Officer
Marketing
3 yr
2 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 5 named executive officers disclosed. Bar length scales with total compensation.
Ted Sarandos $53.9M
- Base salary
- $3.00M
- Stock awards
- $41.40M
- Option awards
- $7.05M
- Non-equity incentive
- $2.45M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Greg Peters $53.2M
- Base salary
- $3.00M
- Stock awards
- $41.40M
- Option awards
- $7.05M
- Non-equity incentive
- $1.73M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Spencer Neumann $20.8M
- Base salary
- $2.00M
- Stock awards
- $14.02M
- Option awards
- $4.70M
- Non-equity incentive
- $109K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
David Hyman $15.4M
- Base salary
- $2.00M
- Stock awards
- $8.68M
- Option awards
- $4.70M
- Non-equity incentive
- $17K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Clete Willems $14.3M
- Base salary
- $762K
- Bonus
- $2.75M
- Stock awards
- $8.87M
- Option awards
- $1.92M
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
6×CEO base salary
3×NEO base salary
Stock ownership guidelines require 6x base salary for co-CEOs and 3x for other executives.
| Holder | Shares | % of class |
|---|---|---|
| Ted Sarandos | 5.72M | <1% |
| Greg Peters | 2.75M | <1% |
| Spencer Neumann | 1.68M | <1% |
| David Hyman | 674K | <1% |
| Clete Willems | 6K | <1% |
The businesses
How Netflix, Inc. divides the work
5 divisions report into the group CEO. Tile size scales with estimated headcount.
Content
6K employees
Chief Content Officer (Bela Bajaria)
Oversees all film, series, and studio operations globally.
Product
2K employees
Chief Product Officer (Eunice Kim)
Owns consumer product experience, growth, and games.
Technology
3K employees
Chief Technology Officer (Elizabeth Stone)
Leads platform engineering, data, and infrastructure.
Marketing
2K employees
Chief Marketing Officer (Marian Lee)
Responsible for global brand, performance, and partner marketing.
Finance
800 employees
Chief Financial Officer (Spencer Neumann)
Manages financial strategy, reporting, treasury, and tax.
The thesis
Why this org is unusual
Netflix is distinctive for operating with two co-CEOs and no COO, keeping the organization unusually flat for a $45B revenue company.
Both Ted Sarandos and Greg Peters retain direct operational oversight rather than inserting an intermediary operations role. The chart shows major functions—content, product, technology, finance, legal, marketing, and global affairs—reporting directly to the co-CEO layer.
This functional structure aligns with Netflix’s single operating segment, as disclosed in its 10-K, where the co-CEOs act as joint chief operating decision makers. The absence of divisional presidents or regional CEOs concentrates accountability at the top and emphasizes cross-functional coordination. Content remains the most powerful function, led by a single Chief Content Officer overseeing both U.S. and international studios.
Compared with peers, Netflix relies heavily on internal promotions into senior roles, particularly across product, technology, and content, reinforcing cultural continuity but also concentrating institutional knowledge among long-tenured leaders.
- No COO role
- Single operating segment
- Two co-CEOs act as joint CODM
The comparison
How Netflix, Inc. stacks up
Peers such as Disney and Warner Bros. Discovery employ divisional or hybrid structures with clear P&L-owning studio or network heads. Netflix’s model is closer to Big Tech peers like Apple and Alphabet in its functional orientation, but it is more extreme in its lack of a COO. Amazon and Apple both use strong COO …
C-suite size
Reporting depth
Netflix, Inc.
4 levels
Disney
6 levels
6 levels
7 levels
6 levels
6 levels
Avg C-suite tenure
Has COO / Has CAIO
Netflix, Inc. — no COO — no CAIO
Disney ✓ COO — no CAIO
Current signals
What changed recently
The most consequential change was Reed Hastings’ transition out of executive roles, culminating in his planned board exit in 2026.
- departedReed Hastings Director
Informed company on April 10, 2026 of decision not to stand for re-election at 2026 annual meeting.
Source - newClete Willems Chief Global Affairs Officer
Appointed effective April 28, 2025 to lead global policy and government relations.
Source - reorgReed Hastings Chairman of the Board (non-executive)
Transitioned from Executive Chairman to non-executive Chairman effective April 17, 2025.
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-04-16
- CEO
- Ted Sarandos / Greg Peters
- CEO span
- 4
- C-suite
- 5
- Avg tenure
- 6.1 yr
Leadership reflects post–Reed Hastings executive transition.
Named executive officers (5)
- Ted Sarandos - Co-CEO since 2020
- Greg Peters - Co-CEO since 2023
- Spencer Neumann - CFO since 2019
- David Hyman - Chief Legal Officer since 2002
- Clete Willems - Chief Global Affairs Officer since 2025
FY2024
DEF 14A filed 2025-04-18
- CEO
- Ted Sarandos / Greg Peters
- CEO span
- 4
- C-suite
- 4
- Avg tenure
- 7.2 yr
First full year with Sarandos and Peters as co-CEOs.
Named executive officers (4)
- Ted Sarandos - Co-CEO since 2020
- Greg Peters - Co-CEO since 2023
- Spencer Neumann - CFO since 2019
- David Hyman - Chief Legal Officer since 2002
FY2023
DEF 14A filed 2024-04-19
- CEO
- Reed Hastings / Ted Sarandos / Greg Peters
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 9.4 yr
Transitional year with three co-CEOs.
Named executive officers (5)
- Reed Hastings - Co-CEO since 1997
- Ted Sarandos - Co-CEO since 2020
- Greg Peters - Co-CEO since 2023
- Spencer Neumann - CFO since 2019
- David Hyman - Chief Legal Officer since 2002
Year-over-year changes
Reed Hastings exited executive management, leaving a two–co-CEO structure.
- CEO span: 5 → 4
- C-suite size: 5 → 4
- Avg tenure: 9.4 → 7.2 yr
- departed Reed Hastings - Co-CEO (was Co-CEO) (DEF 14A 2024)
Global Affairs was elevated to the C-suite with a new external hire.
- CEO span: 4 → 4
- C-suite size: 4 → 5
- Avg tenure: 7.2 → 6.1 yr
- new Clete Willems - Chief Global Affairs Officer (DEF 14A 2026)
The board
Board of directors
4 directors. 3 of 4 independent (75%). Source: most recent DEF 14A.
Reed Hastings
Chair Inside
Chairman, Netflix
Jay Hoag
Lead Indep. Independent
Managing Partner, Technology Crossover Ventures
Ann Mather
Independent
Former CFO, Pixar
Leslie Kilgore
Independent
Former CMO, Netflix
The board, organized
Board committees
3 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit Committee
100% independent 7 mtgs/yr
- Ann Mather Chair
Compensation Committee
100% independent 3 mtgs/yr
- Leslie Kilgore Chair
Nominating and Governance Committee
100% independent 4 mtgs/yr
- Jay Hoag Chair
Frequently Asked Questions
Who is the CEO of Netflix?
Netflix is led by two co-CEOs: Ted Sarandos and Greg Peters, who have served together since 2023.
What type of organizational structure does Netflix use?
Netflix uses a functional organizational structure with centralized leadership over content, product, technology, and corporate functions.
How many direct reports does Netflix's CEO have?
Ted Sarandos has four primary direct reports, with additional functions reporting through the co-CEO structure.
How has Netflix's leadership changed recently?
In 2025, Reed Hastings stepped back from executive duties, and in 2026 he announced he will not stand for board re-election.
Does Netflix have a COO?
No. Netflix is notable for operating without a Chief Operating Officer, even at its current scale.
Sources
- Form 8-K filed Apr 16, 2026
- Netflix 2026 Proxy Statement, Apr 2025
- SEC EDGAR: Netflix, Inc. DEF 14A Proxy Statement
- SEC EDGAR: Netflix, Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Netflix, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/netflix/MLA 9th
"Netflix, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/netflix/. Accessed .Chicago 17
Creately. "Netflix, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/netflix/.Original SEC source View on SEC ↗
Netflix, Inc.. DEF 14A. Filed 2026-04-16. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1065280/000119312526159286/d20613ddef14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/netflix/ · last updated 2026-04-01