Mark Zuckerberg, founder and CEO of Facebook. Courtesy of Facebook Inc.

Palo Alto, Calif., USA - June 23

Facebook® announced today that Reed Hastings, chairman and chief executive officer of Netflix Inc., has joined the company’s board of directors.

Mark Zuckerberg, founder and CEO of Facebook. Courtesy of Facebook Inc.

“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.
“He has built a culture of continuous rapid innovation, something we share and work hard to build every day.”

Reed Hastings, chairman and chief executive officer of Netflix Inc. Courtesy of Netflix Inc.

“Facebook is propelling a fundamental change in how people connect with each other and share all kinds of content,” said Hastings.
“I’m looking forward to working with Mark and the rest of the board to help Facebook take advantage of all the opportunities ahead.”

The photo shows a movie being instantly streamed from Netflix. Courtesy of Netflix Inc.

With more than 23 million members in the U.S. and Canada, Netflix is the world’s leading Internet subscription service for enjoying movies and TV shows.

Hastings founded the company in 1997.

Earlier in his career, he founded Pure Atria Software, where he was CEO until the company was acquired by Rational Software Corporation in 1997.

Since 2007, Hastings has also been a member of Microsoft Corp.’s board of directors, and is currently lead independent director.

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

Hastings is also an active educational philanthropist and board member of many non-profits. He was president of the California State Board of Education from 2000 to 2004.

In addition to Zuckerberg, Hastings joins current Facebook board members 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.

Courtesy of Facebook Inc.

About Facebook Founded in February 2004, Facebook's mission is to give people the power to share and make the world more open and connected.

Anyone can sign up for Facebook and interact with the people they know in a trusted environment.

Facebook is a privately held company and is headquartered in Palo Alto, Calif.

Facebook® is a registered trademark of Facebook Inc.
Other names may be trademarks of their respective owners.


Source: Facebook Inc.

http://www.facebook.com/press/releases.php?p=218004  



Mark Zuckerberg

Founder & Chief Executive Officer of Facebook

Mark Zuckerberg Courtesy of Facebook Inc.

Mark Zuckerberg is the CEO of Facebook, which he founded in 2004.
Facebook is a social utility that helps people communicate more efficiently with their friends, families and coworkers.

Mark is responsible for setting the overall direction and product strategy for the company.
He leads the design of Facebook's service and development of its core technology and infrastructure.

Mark attended Harvard University and studied computer science before moving the company to Palo Alto, California.


Source: Facebook Inc.

http://www.facebook.com/press/info.php?execbios  



Reed Hastings

Co-Founder and CEO of Netflix Inc.

Reed Hastings Courtesy of Netflix Inc.

Reed Hastings co-founded Netflix as a DVD rental by mail company in 1997.
In 2002, Netflix went public, and in 2003, Netflix crossed the 1 million subscriber mark.

Netflix began streaming content over the Internet in 2007, and today has over 20.01 million subscribers, most of which use Netflix streaming more than DVD.

In 2005, Time magazine added Reed to its "Time 100" list of the 100 most influential global citizens.
Newsweek wrote that "Netflix revolutionized the way we watch movies."

In 2007, Reed was appointed to Microsoft’s board of directors and he was inducted into the Video Business Hall of Fame.

In 2010, Barron’s added Reed to its 30 most respected CEOs list, and in a Fortune magazine cover story he was named "Business Person of the Year."

Earlier in his career, in 1991, Reed founded Pure Software, which made tools for Unix software developers.
He built Pure into one of the world’s 50 largest public software companies before selling it to Rational Software in 1997.

Reed is an active educational philanthropist and board member of many non-profits.

In addition, he was President of the California State Board of Education from 2000 to 2004.

He has led successful statewide political campaigns for more charter public schools and easier passage of local school bonds.

Reed received a BA from Bowdoin College in 1983 and an MSCS in AI degree from Stanford University in 1988.

Between Bowdoin and Stanford, Reed served in the Peace Corps as a high school math teacher in Swaziland.

He is married and has two teenaged kids.


Source: Netflix Inc.

http://www.netflix.com/MediaCenter?id=5380#rhastings  



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