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Netflix adds Zimbabwean billionaire Strive Masiyiwa to its board

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Netflix Adds African Telecom Mogul Strive Masiyiwa to Board of Directors
Masiyiwa replaces Susan Rice, who has stepped down from the streamer’s board to join President-elect Joe Biden’s administration.

Netflix has found a replacement for Susan Rice on its board of directors, tapping African billionaire and telecom mogul Strive Masiyiwa for the role.

“We are delighted to welcome Strive to the Netflix board,” Netflix co-founder, chairman and co-CEO Reed Hastings said in a statement. “His entrepreneurship and vision in building businesses across Africa and beyond will bring valuable insights and experience to our board as we work to improve and serve more members all around the world.”

Masiyiwa is the founder and executive chairman of Econet Global, the South Africa-based telecom group with business across Africa, Asia, Europe and Latin America. His appointment signals the importance of international markets, including Africa, for Netflix as it looks to grow its subscriber base beyond the U.S. and Europe. “I’m thrilled to have Strive join our board as we expand more across Africa and the world,” co-CEO Ted Sarandos said in a statement.

He replaces Susan Rice on the Netflix board. Rice, the former U.S. ambassador to the United Nations and national security advisor to President Barack Obama, stepped down from the streamer’s board on Dec. 10 after more than two years to accept a position as director of the White House Domestic Policy Council in the administration of President-elect Joe Biden.

Born in Zimbabwe and educated in the U.K., Masiyiwa, 59, founded Econet Global in 1998 to provide mobile phone services in Botswana and Zimbabwe. He sits on several other boards, including Unilever, National Geographic Society and Stanford University.

“Netflix is at the forefront of bringing great entertainment from anywhere in the world to everyone in the world, and I look forward to working with the board and all stakeholders to continue its traditions of innovation and growth,” Masiyiwa said in a statement.

—— AUTO – GENERATED; Published (Halifax Canada Time AST) on: December 17, 2020 at 07:53PM

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