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Netflix CEO Reed Hastings to leave Facebook's board

  Reed Hastings, President, President and CEO of Netflix Inc.

David Paul Morris | Bloomberg |

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Facebook on Friday said Netflix CEO Reed Hastings will not be nominated for re-election at the company's 2019 Annual General Meetings. .group> p: first-child "/>

Hastings has served on the board of the social media company since 2011. The company said it would also not re-nominate Erskine Bowle's president emeritus at the University of North Carolina, and it will Instead, nominate Peggy Alford, PayPal Senior Vice President in core markets.

"Reed earned on the board since 2011 (8 years) and we thank him for his service," said a Facebook spokesman in a statement in addition to Alford , an African-American woman, Facebook and other Silicon Valley companies will include more women and minorities in their ranks and throughout their labor.

"Peggy is one of the rare people who is an expert across many ferent sites – from business management to finance operations to product development, "Facebook CEO Mark Zuckerberg said in a statement." I know she wants good ideas to help us solve both our opportunities and the challenges facing us. "

Hastings of Once had been spoken for a while because of Facebook's growing interest in video services, according to Andrew Ross Sorkin. In 2017, Facebook Watch launched its video streaming service, and last year, the company launched IGTV, its Instagram video streaming app.

Hastings & # 39; departure comes about three years after entering a tough one Chairman Peter Thiel on their political leanings. In an e-mail in August 2016, Hastings told Thiel that he had planned to dock his performance review of his approval of the then Republican presidential nominee Donald Trump, according to a New York Times report.

"I'm so mystified by your endorsement of Trump for our president, for me moving from" another judgment "to" bad judgment, "Hastings said despite Thiel in the email." A certain diversity of views is healthy, but disastrously poor rating (in my opinion) is not what anyone wants in a board member. "

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