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Reed Hastings Joins Facebook Board

23 Jun, 2011 By: Erik Gruenwedel

Reed Hastings

Similar move by Microsoft in 2007 prefaced launch of Netflix streaming on Xbox 360 — and 1 million new subs

Netflix co-founder and CEO Reed Hastings has joined the board of popular social network website Facebook.

“Reed is an entrepreneur and technologist who has led Netflix to transform the way people watch movies and TV,” said Mark Zuckerberg, founder and CEO of Facebook.

Zuckerberg said the CEO has helped build at Los Gatos, Calif.-based Netflix a culture of continuous rapid innovation.

“[It’s] something we share and work hard to build every day,” Zuckerberg said.

Other board members at Palo Alto, Calif.-based Facebook include Marc Andreessen of Andreessen Horowitz, Jim Breyer of Accel Partners, Donald E. Graham, chairman and CEO of The Washington Post Company, and Peter Thiel of Clarium Capital and Founders Fund.

Hastings holds an M.S.C.S. degree from Stanford University and a B.A. from Bowdoin College.

About the Author: Erik Gruenwedel

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