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Netflix replaces chief product officer, loses chief talent officer

Netflix Inc. said April 7 that Chief Product Officer Neil Hunt will leave the company in July, with nine-year veteran Greg Peters taking his position.

The company also said Chief Talent Officer Tawni Cranz, who joined the company in 2007, will also leave Netflix to "pursue other interests."

Peters called 18-year veteran Hunt an "amazing leader" and a "mentor" in a prepared quote, and Hunt also praised Peters. Peters currently leads international development from Netflix's Tokyo office.

The company did not give a reason for Hunt's departure.

Hunt recently sold 10,000 Netflix shares, reducing his stake in the company to 0.11%, according to Herald KS, which cited an April 4 SEC filing.