Reed Hastings, chairman and CEO of Netflix, is stepping down from Microsoft’s board of directors after the annual meeting of Microsoft shareholders in November.
Hastings has decided he will not seek re-election to the board at the meeting, according to a Microsoft news release issued today.
Hastings, who joined the board in March 2007, said in the release that: “I’ve decided to reduce the number of boards I serve on, so that I can focus on Netflix and on my education work.”
Hastings currently serves on the boards of Netflix, Facebook, Microsoft, Dreambox Learning, the Knowledge Is Power Program (KIPP), and the California Charter Schools Association (CCSA).
The board, chaired by Microsoft co-founder Bill Gates, will appoint a new director at the meeting.
“Reed has been a terrific board member, and his insights and experience have really helped guide us through a critical period of transformation for both Microsoft and the industry,” said Microsoft CEO Steve Ballmer.
With Hastings’ decision, the nine other directors have been nominated for re-election.