Netflix Marketing Chief to Step Down in Latest C-Suite Change

(Bloomberg) -- Netflix Inc. Chief Marketing Officer Kelly Bennett will step down after seven years at the job, extending a stretch of upheaval in the streaming giant’s top ranks.

Bennett oversaw marketing while Netflix grew from a relatively small streaming service into one of the world’s largest studios. The company now boasts more than 139 million customers and a market value of $155 billion.

Netflix Marketing Chief to Step Down in Latest C-Suite Change

Bennett, who is only in his mid-40s but amassed a significant amount of Netflix stock as a C-level executive, said he is retiring. He’ll stay in the role until a replacement is found.

“Kelly Bennett has been absolutely transformational for us as we expanded our member base in the U.S. and globally, and particularly as we transitioned into being a leader in original series and films,” Chief Executive Officer Reed Hastings said in a statement.

Netflix’s leadership -- once quite stable -- has undergone a remarkable level of turnover. In the past three years, Netflix has replaced its chief product officer, chief financial officer, chief talent officer and chief communications officer. The only two C-suite executive who haven’t changed are Hastings and Chief Content Officer Ted Sarandos.

As head of marketing, Bennett was charged with promoting Netflix all over the world. In recent years, much of those efforts shifted to publicizing specific titles instead of the service. Though Bennett was an architect of that strategy, much of that was also handled out of the corporate communications division, which Bennett didn’t lead.

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